Hillary Clinton to Outline Economic Policy on Monday - HRC GROUP

[OKNancy]

http://www.nytimes.com/2015/07/12/us/politics/hillary-clinton-to-outline-economic-policy-on-monday.html

In a speech intended to outline the economic vision she will present throughout her presidential campaign, Hillary Rodham Clinton on Monday will call for an aggressive rethinking of domestic policy with the single purpose of lifting middle-class incomes that have stagnated for years despite the growth of the overall economy.

Mrs. Clinton will present a stark assessment of a middle class whose weekly earnings have virtually stalled for 15 years, and she will criticize “trickle down” Republican policies as having contributed to a vast concentration of wealth among the richest Americans, according to campaign aides. They previewed the speech, to be delivered at the New School in New York, on the condition of anonymity.

The emphasis on what economists have called “the great wage slowdown” of the 21st century is the result of Mrs. Clinton’s months of conversations with more than 200 domestic policy experts and dozens of economists. She believes that increasing the wages of average Americans to reduce income inequality is the “defining economic challenge of our time,” a campaign aide said.

To that end, Mrs. Clinton will present proposals that include paid family medical leave, an increase in the federal minimum wage and incentives for corporations to increase profit-sharing programs. She will also praise President Obama’s proposals to make more American workers eligible for overtime pay.

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lots more at the link

[OKNancy]

1. Bloomberg article on the same subject

http://www.bloomberg.com/politics/articles/2015-07-11/hillary-clinton-campaign-previews-economic-policy-proposals

Long and good. Detailed

[William769]

2. Now thats what I'm talking about!

[yallerdawg]

3. Brilliant!

During Bill Clinton's administration, she will note, the Internet and globalization were not the pervasive factors in the economy that they are today; and Clinton will argue that Obama's energies were focused on keeping the country out of depression after a near economic meltdown in the months before he took office. She sees her challenge as managing what her campaign describes as "tectonic forces" — automation and globalization — that are squeezing the middle class.

"She's addressing the challenges of the economy in the moment we're in. It's not the economy of the '90s or even when she last ran for president," said Neera Tanden, a longtime Clinton policy adviser who is president of the Center for American Progress, a policy research group. "These are different times. These are different challenges. And she has different ideas."

[riversedge]

4. Clinton will introduce a three-part strategy for boosting wages that will signal the kinds of polici

Looking forward to the full speech--and the ones following this



‘Hillarynomics’: A sneak preview

The candidate’s first major econ speech on Monday zeroes in on middle-class wages; goes after corporations, the 1%, and Uber.

By Michael Grunwald


http://www.politico.com/agenda/story/2015/07/hillarynomics-a-sneak-preview-000142?hp=t1_r

............At the New School, Clinton will introduce a three-part strategy for boosting wages that will signal the kinds of policies she’s likely to unveil in the near future.

The first part of the strategy is to increase investment in good-paying jobs while reducing barriers that can deter Americans, especially women, from joining the workforce. She will voice support for small business tax relief, an infrastructure bank that could generate construction jobs while improving the competitiveness of the economy, and clean energy projects that reduce carbon emissions while putting people to work. At the same time, she will foreshadow proposals to expand child care, paid family leave and paid sick days, citing surveys suggesting that nearly half of working parents have passed up jobs that conflicted with family obligations. She will point out that America’s labor participation rate for women has dropped from 7th to 19th among developed nations since 1990, and will argue that it’s become too hard for Americans to be good workers and good parents at the same time.

The second part of Clinton’s strategy will address inequality, a hot issue in progressive circles, although her focus will remain on the middle class rather than the poor. She will argue that vast concentrations of wealth in relatively few hands actually squelch economic growth, and that the current rules of the road tend to reward financial trading rather than manufacturing and other more productive activities. She will propose to expand on Obama’s high-income tax hikes, while also pushing measures to fight wage theft, raise the minimum wage, encourage profit-sharing for workers, and support collective bargaining by unions.

The third plank of the strategy is a bit less predictable, a push for longer-term thinking in the business world. Clinton will denounce the mindset of “quarterly capitalism,” where executives (particularly on Wall Street) focus on making a quick buck rather than building lasting value, creating “bubble-driven growth” that could evaporate quickly. She will propose to undo incentives that fuel this short-term approach; promote investment in worker training, research and development, and other sources of long-term growth; and support new mechanisms for shareholder activism, presumably when it comes to reining in executive compensation......

[yallerdawg]

5. Rachel Maddow noticed a coincidence.

Every time Hillary makes a scheduled newsworthy announcement - for her news-starving media - she is stepping on a Republican's announcement.

Monday, Scott Walker announces his presidential campaign (again).

[murielm99]

6. Good for her! n/t

[okasha]

8. Aw, gee, I'm sure it's completely coincidental!

The sooner and harder all the Dem candidates step on Scott Walker, the better.

Why would any real Dem gripe on his behalf?

[mcar]

7. And it's already being criticized

Elsewhere on this board.