Maybe He’s Doing Something Right

In her usual smug and arrogant manner, Hillary Clinton recently lambasted the Republicans on the state of the economy. According to an Associated Press news article today, “Clinton and Obama Slam McCain on Economy”, Hillary said the following to a Pennsylvania AFLCIO union group:

“John McCain admits he doesn’t understand the economy — and unfortunately he’s proving it in this campaign…After seven disastrous years of George Bush and Dick Cheney, the stakes in this election couldn’t be higher and the need to change course couldn’t be more urgent. But John McCain is only offering more of the same.”

According to the article, Hillary’s economic proposal is basically more government spending: “Clinton proposed a plan on Tuesday to create 3 million new jobs through increased investments over 10 years in the U.S. infrastructure, and proposed a $10 billion emergency repair fund for critical repairs to bridges and highways.”

First of all, economic policy should prioritize the creation of private sector jobs over government ones. Why? Because the private sector is what feeds the public sector, since it is the source of the government’s money. Like her husband (and FDR years before him), Hillary’s economic “cure” seems to be “Let’s have the government create more jobs.” She looks to government for everything. But the government has more money when the private sector is thriving. And the way that the private sector thrives is through the tax cuts that Hillary scorns.

Second, who says that the policies of Bush and Cheney aren’t working? The AP has another news story today: “Dow skyrockets nearly 400 points amid economic optimism.” Here are some quotes from that article:

“The Dow rose 391.47, or 3.19 percent, to 12,654.47. It marked the eighth-biggest point gain ever for the Dow, and the third time in two weeks it came close to or surpassed 400 points.”

“And there was also optimism that commodities prices, which have hit historic highs in recent months, have begun to retreat. Crude fell 60 cents to settle at $100.98 on the New York Mercantile Exchange after earlier falling below $100. Meanwhile, gold dropped back below $900 an ounce.”

“Meanwhile, Wall Street got another boost when the Institute for Supply Management said its March index of national manufacturing activity rose to a reading of 48.6 — indicating a contraction, but a slower one than in February and tamer than many analysts had predicted. Government data on construction spending for February also came in better than expected.”

Okay, I don’t understand the last paragraph–manufacturing rose, yet contracted–but at least investors are investing and prices are falling.

This reminds me of the 1987 stock market crash, when liberal media outlets were calling Reagan a dummy because he wasn’t initiating big government solutions. Well, we got out of that mess pretty fast, and Reagan appeared to be smarter than people thought. Similarly, we seem to be getting out of economic difficulty right now. Maybe there’s more to Bush than meets the eye. Or, alternatively, perhaps one doesn’t need a Ph.D. in economics to know what works.

Hillary has no cause to be smug. The economy started to decline near the end of Bill Clinton’s Presidency, leading to the recession of the early 2000’s. That recession was Clinton’s recession.

And I just read Reagan’s Disciple, by Lou and Carl Cannon, which argued that Clinton’s balanced budget was actually caused by the end of the Cold War, since the U.S. no longer had to spend all that money on defense. Since Reagan ended the Cold War, I guess that Clinton’s economic accomplishments were actually Reagan’s. Imagine that!

About jamesbradfordpate

My name is James Pate. This blog is about my journey. I read books. I watch movies and TV shows. I go to church. I try to find meaning. And, when I can’t do that, I just talk about stuff that I find interesting. I have degrees in fields of religious studies. I have an M.Phil. in the History of Biblical Interpretation from Hebrew Union College in Cincinnati, Ohio. I also have an M.A. in Hebrew Bible from Jewish Theological Seminary, an M.Div. from Harvard Divinity School, and a B.A. from DePauw University.
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4 Responses to Maybe He’s Doing Something Right

  1. Anonymous says:

    Ahh… come on James! You know that I’m a Hillary fan. I think that she’s a great person; maybe a little stilted, but she’s a great person in my opinion.

    -Jake

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  2. James Pate says:

    Hi Jake,

    I can challenge that, but I want to learn from you here: Why do you think that Hillary is a great person? And did you read that one post Jim West did on how Hillary is a Christian fundamentalist?

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  3. Anonymous says:

    I think that a seminal article on Hillary Clinton is in the Atlantic magazine. It was in early 2007 or late 2006.

    As for Jim West I don’t often read his blog. I rarely find his ideas compelling, but I’m guessing how she was part of the famous congressperson Bible study. If so, I think it’s great that she can reach out to people from more classically fundamentalist/evangelical backgrounds from her mainline background. Such concern for the body of Christ is an asset as I see it–it shows maturity, goodwill, and an ability to develop rapport on common ground. But I doubt she’s an inerrantist at her core.

    -Jake

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  4. James Pate says:

    Yeah, I’m sure she’s complex, like a lot of people. She has spiritual needs, which is why she drew on that group for support. And I also think that somewhere in her is a desire to help people. Some of that is from her 1970’s utopian activism. And, as she said in a debate, some of it is that she has talked with so many people on the campaign trail and has been affected by their stories.

    Yet, there is another part of her that is ruthless, conniving, and hungry for money and power. I wonder what type of person would steal White House silverware–that sounds so low for someone as upper class as her. Who knows what went into those parts of her character. Her dad was supposedly abusive–not physically, but mentally. And her mom encouraged her to be tough. She told her to get back into a fight with another child (I think I read that in Newsweek).

    I don’t totally hate her as I once did. But there’s still something about her that just drives me up the wall. There’s something about that whole gang–Bill, Hillary, Carville, etc.–that just makes me clinch my fist. (I used to feel the same way about Stephanopolous, until he left the White House and wrote his book). I like seeing them struggle against Obama. Now they know that not everyone is in love with them, and that doesn’t just include those in the “vast right-wing conspiracy.”

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