Senate Democratic Leader Harry Reid of Nevada will help play host when presidential candidate Hillary Rodham Clinton visits Capitol Hill on Tuesday.
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Clinton, in the first major economic policy speech of her campaign, proposed expanding the workforce, especially for women, through both private and public investments, better benefits and lower healthcare costs for workers, and a reformed, more balanced tax code.
In recent speeches, Clinton has sought to undermine the entire Republican field, including Florida Gov. Jeb Bush, as supporters of “top-down” economic policies and large tax breaks for the wealthy.
“President Obama and Hillary Clinton are leading out country towards socialism, they just won’t say it”.
Speaking at a liberal university in Manhattan’s Greenwich Village, she said banks can not be “too big to fail”.
Proposing an agenda to raise incomes for Americans, for strong, fair growth and long-term growth, Clinton said she wants to see the U.S. economy work for the struggling, the striving and the successful. “We’re going to legitimize the regime that has made no commitment to free its own people“, Bush said.
But she said, she will “fight back against these mean-spirited, misguided attacks”.
With one eye on the growing support for Vermont Senator Bernie Sanders, a self-described socialist who is also seeking the Democratic Party nomination, Clinton laid out a vision of economic equality. She doesn’t expect anything to come easy. In a speech at The New School today, she criticized Wall Street and called for corporations to share more of their profits with employees. And while the average voter’s eyelids may start to droop as quick as you can say “capital-gains tax”, it’s become somewhat of a progressive litmus test for Democratic candidates. Instead of delving deeply into one area, her aides said she’ll use the speech as a launching point for specific policies to address college affordability, wage growth, corporate accountability and paid leave. “That represents a lot of unused potential for our economy and for American families”, Clinton said, adding: “It’s time to recognize that quality, affordablechildcare is not a luxury”.
During Al Jazeera America’s Sunday night segment “The Week Ahead”, Del Walters spoke to Basil Smikle, a former advisor to Hillary Clinton about the ongoing campaigns. And while it’s true that technology helps create jobs, many of those in the “gig economy” Clinton referenced Monday are low-paid and benefit-free – think Uber drivers and TaskRabbits. She didn’t mention the companies by name, but earlier reports suggested she would take aim at firms like Uber and Airbnb.
Clinton drew a stark comparison with her counterparts on the Republican side of the race. “America shouldn’t take advice on the sharing economy from someone who has been driven around in a limo for 30 years”, Mr Paul wrote on Twitter.
And considerable hand-wringing went into deciding how forcefully to speak about criminalising financial industry executives before an audience made up largely of her Wall Street donors.
But Mr Blinder, an economist who advises Mrs Clinton’s campaign, told Reuters the candidate did not plan to resurrect the Glass-Steagall Act that split commercial banks from their investment operations. The worst since the Great Depression. “We need solutions for the big challenges we face now”. She also specifically called out institutions in the “shadow banking system” – hedge funds, high frequency traders and non-bank finance companies – that receive little oversight and are frequently involved in misconduct and criminal behavior.
Her speech was a kind of populism-lite.
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Clinton pointed to the economic progress during her husband’s two terms in the 1990s and more recently under President Barack Obama.
