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Are You Ready For Hillary’s Clintonomics [Picture]

Wednesday, July 15, 2015 9:30
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(Before It's News)

By Robert Reich, Robert Reich’s Facebook Page

14 July 15

Robert Reich. (photo: Richard Morgenstein)

illary’s Clintonomics is better than her husband’s was. She recognizes (as she said at the start of her campaign) that the “cards are still stacked in favor of those at the top.” And this morning she said “the defining economic challenge of our times” was “to raise incomes for hard-working American so that they can enjoy a middle-class life.” While her husband let Wall Street loose, this morning Hillary Clinton criticized the Street’s criminality and said “while institutions have paid large fines… too often it seems that the individuals responsible get off with limited consequence… and pocket the gains… Under my watch, this will change.”

Good as far as she went. But I was disappointed she didn’t call for busting up the biggest banks or resurrecting the Glass-Steagall Act. Instead, she said she’d “appoint federal regulators that understand that too big to fail is still a big problem. We’ll ensure that no firm is too complex to oversee.” I also expected more on corporate reform. Just before attacking Bush, Rubio and Walker, she moved through the section of her speech that had been billed as the day’s marquee policy prescription – tax incentives to encourage corporations to direct a larger chunk of profits to workers. It’s an important idea, but it got only a one-line mention.

Overall, the proposals she advanced in today’s speech didn’t rise to the important economic objectives she articulates. Hopefully, she’ll provide more in coming weeks and months.  SOURCE


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