Clinton arguing that a) higher labor costs dont reduce the payroll available to pay employees, and that b) trickle-down economics has failed spectacularly because greater business investment and expansion dont create more jobs openings. Gutsy call, considering the size of our labor force, no? She goes on to point to jobs created during her husbands tenure, but seems to have forgotten that some 50% of those jobs numbers were created in his last two years, after reversing his cap gains tax - at which point business expansion exploded. Feel free to make the comparison between Reagans recovery and Lightbringers. Obama followed Clintons example, but Clinton was enjoying the benefit of the strong economy Reagan built. Obama was enjoying the benefits of Clintons CRA and the subsequent housing and bank collapse. Later we can all enjoy the benefits of Obamacare costs while the national debt skyrockets. Im sure hell find out about that part of the CBO reports the same way he discovers whats in the PDBs.
Posted on: Sat, 25 Oct 2014 16:56:55 +0000
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