Hillary Clinton is trying to play the American voters as fools. Her
much-anticipated economic policy speech on Thursday was full of
fluffy-rhetoric ideas to rebuild the middle class that are reruns of
Barack Obama's promises of eight years ago. The problem is the policy
ideas are all retreads of the Obama agenda that has tanked the middle
class.
She promised in her much-anticipated economic speech on Thursday that she would have a major jobs program in the first 100 days in office by launching a massive infrastructure program that will spend some $250 billion.
But wait. This is precisely what Barack Obama promised exactly eight years ago. Anyone remember the "shovel ready jobs" that were supposed to turn around the economy? We were going to fix our bridges, fill our potholes, upgrade our ports, and build new highways. More than $750 billion was spent -- or more than twice what Dwight Eisenhower spent to build the interstate highway system -- after adjusting for inflation.
The result: the worst jobs recovery in 75 years, flat wages, an unemployment rate of close to 10% (when correctly measured) and yet our roads are still in terrible shape. What happened to the money? A lot of that "infrastructure stimulus" funding went instead for food stamps, unemployment benefits, green energy and Medicaid spending. It turns out there were fewer jobs with all that spending than the White House predicted we would have if we hadn't spent and borrowed a dime.
She even dredged up the tired Obama sound bites circa 2008 of creating more "clean energy jobs," which was a slight variation of the "green energy" jobs that Obama promised.
http://www.investors.com/politics/commentary/stephen-moore-hillarys-fantasy-america/
She promised in her much-anticipated economic speech on Thursday that she would have a major jobs program in the first 100 days in office by launching a massive infrastructure program that will spend some $250 billion.
But wait. This is precisely what Barack Obama promised exactly eight years ago. Anyone remember the "shovel ready jobs" that were supposed to turn around the economy? We were going to fix our bridges, fill our potholes, upgrade our ports, and build new highways. More than $750 billion was spent -- or more than twice what Dwight Eisenhower spent to build the interstate highway system -- after adjusting for inflation.
The result: the worst jobs recovery in 75 years, flat wages, an unemployment rate of close to 10% (when correctly measured) and yet our roads are still in terrible shape. What happened to the money? A lot of that "infrastructure stimulus" funding went instead for food stamps, unemployment benefits, green energy and Medicaid spending. It turns out there were fewer jobs with all that spending than the White House predicted we would have if we hadn't spent and borrowed a dime.
She even dredged up the tired Obama sound bites circa 2008 of creating more "clean energy jobs," which was a slight variation of the "green energy" jobs that Obama promised.
http://www.investors.com/politics/commentary/stephen-moore-hillarys-fantasy-america/
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