Activist Monday: Fighters
Posted July 13, 2015on:
Good Monday, all! I am back from vacay and, unfortunately, am sporting a fractured foot along with my tan. (I twisted my foot on Friday night while in Aruba, went to the emergency room on July 4th, and came home in a cast.) At this point, I’m in a boot, and require no surgery, so I feel very fortunate.
But enough about me: this is about Hillary and her new economic agenda. Details are light right now, but given Our Girl’s recent coming-out party staged on hallowed Rooseveltian ground, I am quite encouraged by what I’m reading.
After months of running on broad themes backed by little in the way of actual policy proposals, Hillary Rodham Clinton will announce Monday what aides call a far-reaching plan to restructure the economy to move more of the nation’s wealth to middle- and low-wage earners.
Amid concerns by progressives that Clinton, who represented New York in the U.S. Senate and has deep political ties to the financial industry, would be reluctant to interfere with the business of investment firms, the candidate will promise to do exactly that.
(but I digress…continuing on…)
In the more narrowly crafted proposals that follow the speech, Clinton will target what the campaign calls a mind-set of “quarterly capitalism” on Wall Street and elsewhere — emphasizing making a quick return with little regard for how it is being generated — that she says has pushed the economy too far away from creating things of real value.
Specific taxes and shareholder engagement rules Clinton will later propose would redeploy capital toward more durable sources of economic growth, such as research and development and infrastructure, her advisors say.
Clinton will argue as the campaign heats up that Wall Street in particular is failing the middle class by not keeping its focus on those investments that help generate jobs and upward mobility within companies. Economists who worked on the plan say she will target “excessive risk taking” and churning of investments, as well as what Democrats argue are loopholes in the tax code that reward such behavior.
Yes, Hillary will be focusing on both the middle class AND the poor in her economic agenda. I doubt that we Widdershins will find much to criticize in her approach, when we see more of the details; but will mainstream America agree? According to recent polling data, signs point to yes.
Asked, for example, whether the government should do more to address the growing income gap between the very rich and everyone else, Americans supported more government action by 57% to 39% in a recent CBS/New York Times poll. Even larger majorities favored a hike in the minimum wage — which all the current GOP candidates oppose — plus higher taxes on millionaires and government-mandated paid family leave.
I believe I may have said this once or twice before: in my opinion, Americans vote with their pocketbooks, unless they are terrified or misled into doing otherwise. I think this is just one of many reasons why Hillary is clearly going to win in 2016. Well, that and the fact that GOP has swung hopelessly to the right on far too many issues. They have been hoisted on their own petard at this point, and have empowered the most extreme elements of their Party to have a very strong influence on all the positions their national politicos take.
And speaking of this, I would like to re-state that TW is not an echo chamber and we may have opinions that differ from each other on many topics. On the topic of the Confederate flag, I am with this proud South Carolina Republican who is a defendant of Jefferson Davis. I think she says everything I would want to say, and much more credibly. I dub her also a Fighter.
This is an open thread.
37 Responses to "Activist Monday: Fighters"
Comments are closed.