Hillary Clinton for Republican nominee!
Ted Folkert
March 22, 2016
The Republican dilemma about who to offer as the Republican candidate for president in order to avoid certain failure of the would-be dictator, Donald Trump, has now become clear. The Republicans should take the decision to their convention and nominate Hillary Clinton.
Yes, Hillary Clinton. She is running on the obvious failures of President Bill Clinton’s self-proclaimed economic successes. Bill Clinton, as it turned out, was an impressive Republican president. He has a clear legacy to prove it. His closest cronies and allies were none other than the Wall Street mavericks Robert Rubin, Larry Summers, and Sandy Weill. They taught him how to be a good Republican. They convinced him to eliminate the Glass-Steagall Act, the barrier to reckless gambling with our bank deposits, which was enacted to prevent such practice from causing another Great Depression.
Clinton actually declared himself an Eisenhower Republican, favoring lower taxes, free trade, and a strong bond market, not the policies that would benefit those who elected him. Under Clinton stock values rose to 44 times earnings, greater than the multiple prior to the stock market crash in 1929. This craze was driven by the dot-com boom, when Internet start-ups were raking it in with IPOs. This set the stage for the collapse of the dot-com bubble and the recession that ensued as soon as he left office, which, along with the tax cut policies of G W Bush, led us to the 2008 financial crisis, the Great Recession, which was then inherited by President Obama.
Clinton, through programs directly affecting those who needed help the most, reduced federal deficits to surpluses. He did so by reducing support for education by 24%, science support by 19%, Income security by 18%, and transportation by 10%. He promoted free-trade by passing NAFTA which helped American businesses but hurt the workers who lost their jobs to lower wage markets.
Between 1968 and 2000 the economy became 81% more productive but the minimum wage in 2000 was 35% lower in real value than in 1968.
Clinton then attacked the welfare program, Aid to Families with Dependent Children, shifting the burden to soup kitchens and food pantries to provide for those in need.
The truth is that during the Bill Clinton presidency nothing was accomplished to improve conditions for working class people and the poor, those who he appealed to when asking for their votes.
So, is that Hillary’s economic strategy? No wonder Wall Street is so enamored with her, blessing her with many millions of dollars of contributions and paying her hundreds of thousands of dollars for her speeches to their people.
If Hillary is to follow her husband’s example as she proclaims then she could be a very effective Republican president.
Think about it!