Clinton on Free Enterprise
Demo-gogue presidential candidate Hillary Clinton gave a little-noticed stump speech this week that should’ve sent up countless red flags.
By now, all of us know about Clinton’s re-warmed plans for socializing medicine, regulating healthcare services and providers and centralizing government control of about ten percent of the U.S. economy.
This week, however, Clinton went national with her classist “it takes a village” model, claiming that free-enterprise Capitalism is the root of all evil.
In a speech on “shared prosperity,” she proclaimed that it’s time to replace the conservative notion of an “ownership society” and economy with one based on communal responsibility and prosperity, alleging that the current system is really an “on your own” society that increases the income gap between “poor” and “rich” Americans.
“It is the highest impertinence and presumption, therefore, in kings and ministers, to pretend to watch over the economy of private people…” —Adam Smith
Stop Her NOW!!
Robert Samuelson in Real Clear Poilitcs:
Economic inequality is an intellectual quagmire, because its origins and consequences are so murky. Contrary to popular belief, for example, it has not prevented most Americans from getting ahead. Consider families with children. A study by the Congressional Budget Office finds that from 1991 to 2005 income gains averaged 35 percent for the poorest fifth of these households, 19 percent for the middle three fifths and 53 percent for the richest fifth. But all these gains were down slightly from 2000. Here’s another twist to the discussion: today’s immigration aggravates inequality, because so many new immigrants are poor and unskilled.
Czarina will be barking up this tree soon enough.