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Hillary Clinton: Businesses don’t Create Jobs

Hillary’s Arrogance Gets Her in Trouble Again

Hillary Clinton’s October 24 speech supporting Martha Coakley, the Massachusetts Democratic gubernatorial candidate, covered standard progressive themes urging a larger state, as well as this attention-grabbing remark:

Don’t let anybody, don’t let anybody tell you that, ah, you know, it’s corporations and businesses that create jobs. You know that old theory, trickle-down economics. That has been tried, that has failed. It has failed rather spectacularly. [18] [19]

The so-called ‘trickle-down’ economic theory, itself a shorthand for a broader set of ideas, is generally understood to refer to policies that put capital in the hands of business instead of government, with the expectation that the money will create jobs and other economic activity. Conservative politicians generally express their approval of the idea by green-lighting tax breaks and other benefits to corporations and high-income earners.  Liberal pols typically criticize the theory by insisting that tax breaks and other government benefits go directly to lower-income Americans, including many who don’t pay taxes.  [15] Those anti-market, anti-business comments are reminiscent of Mrs. Clinton’s haughty reply in 1993 when she was told her Rube Goldberg health plan could bankrupt small businesses in America. “I can’t be responsible,” she declared, “for every undercapitalized small business in America” — even if it’s her proposed mandates and fines that are the source of the undercapitalization.  [14] Any way you take it, it’s hard to come up with a more ridiculous statement. If business don’t create jobs who does?  The government? Jobs are created by those hiring people to do them. Government can create jobs in the same way that a guy stealing your wallet creates wealth. Those government jobs are parasitic on businesses, small and large. They’re parasitic on the people who work and pay their taxes. [17] Governments, like criminals, take money out. They don’t put money in. If they do their jobs correctly, then they create an environment in which people can work. If they do it badly, then you end up with Cuba, Venezuela or Obamerica. [17]

The Press Get Hillary Clinton a Free Pass on her Socialist Comment

People are still debating the old riddle: “Does it make a sound if a tree falls in the forest and no one is around to hear it?” What if Hillary Clinton reveals herself to be excessively nonsensical and anti-business by declaring that businesses don’t create jobs and then the top three Sunday political shows — NBC’s Meet the Press, ABC’s This Week, and CBS’s Face the Nation — don’t even mention her inane statement?  Does that mean Hillary didn’t make a sound? [14] The New York Times didn’t see anything alarming in the statement, calling it a “variation on a popular [Elizabeth] Warren theme.” [1] According to Newsbusters, most of the major English and Spanish broadcast networks have blacked out all mention of remarks made by Hillary Clinton according to which businesses and corporations do not create jobs.  [11] Since then, English-language networks ABC, CBS, and NBC and Spanish-language networks Telemundo and Univision have ignored this story in both their morning and evening newscasts in a complete reversal of what would be the case if something off putting were made by a Republican figure or future presidential hopeful.  As the Media Research Center’s Jeffrey Meyer reported, ABC, CBS, and NBC also omitted any mention on their Sunday morning talk shows of Clinton’s comments. [11]

The Radical Left Usually Really Mean What they Say… Hilary Too…

hilary-commisar  Hillary Clinton: Businesses don’t Create Jobs hilary commisarFor those who heard the undereported story about Hillary Clinton’s “commie moment,” the words she used and this arrogant collectivist attitude shocked many people in the trenches, more precisely those pulling the economic wagon, those looking for work. The condescension in the way Clinton articulated it was noteworthy also, and the blogosphere lit up brightly.  Most people who hold jobs or are looking for work do so at, you know, businesses, which, as it happens, are often incorporated. People were not at all  amused. [1] Naturally it’s being said that Clinton’s statement was taken out of context, that she was talking about corporate tax breaks or something. Perhaps she was referring to her speaking bureau or to Chelsea’s former employer NBC News? Perhaps those corporations and businesses aren’t creating jobs, and that’s her reference point.  Policies that flow from disdain for private enterprise will likely advance a “trickle down” federal government, and, unfortunately, trickle up poverty, if that term is going to be dredged up again. A Google search of “‘Hillary Clinton’ business jobs” is kind of funny, in that most of the initial hits were from right of center venues. [1] This reflects the New York Times-style attitude that there was nothing to see here, the other worldly viewpoint that sees business and enterprise as an aberration, a wart, and that the normal and preferred is–what? The eeriness echoes President Obama’s “You didn’t build that. Somebody else made that happen,” which enjoyed renewed attention this week in the wake of Clinton’s remark. [1] It’s true that a sizable chunk of the left wing does not care much for free private enterprise and actually does prefer that the state be in charge of lives. They really mean what they say.  They demonstrate it–even when we are reluctant to admit the broad implications–by developing proposals to take over major economic sectors, such as Hillary Care, and the Patient Protection and Affordable Care Act.  [1] When it comes to creating jobs, regulation may have lapped spending as the most important drag and weight on the economy, and policymakers of both parties seem not to care.  Reports have documented the regulatory pressure on full-time employment, such as the phenomenon of new jobs created in the wake of Obamacare offering less than 40 hours per week. Such destabilization paves the way for single-payer health care, the goal of part of the left.  With “pen and phone” and shovel-ready stimulus, government-driven infrastructure and science, compulsory green energy, a “kill-switch” for the Internet and net neutrality besides, our leaders really do believe in government management of the economy, even though governments can’t even efficiently produce paper clips.  [1] Recognizing that certain deeply committed progressives do not support large-scale private free enterprise and do want the government to manage, control and oversee sector after sector of the economy, is the real context for appreciating a statement like “Don’t let anybody tell you that it’s corporations and businesses that create jobs.”  There’s no need for spin that revolves much further than that, although there’ll be plenty this week, and again in the next presidential campaign cycle when the Clinton video gets new airplay.  Interestingly, if Clinton were to be making this statement in the world she ostensibly desires, perhaps it indeed would not be businesses and corporations who provide jobs; we’d all be in thrall to the state.  Maybe that was a time traveler from the future on stage Friday, describing personal experience. If the speech were longer, she probably would have allowed that she had sworn off corporate boards and speaking fees and Gulfstreams permanently.

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Bloomberg News Washington bureau chief Jonathan Allen

Bloomberg News Washington bureau chief Jonathan Allen quickly pointed out Friday, somewhat tongue-in-cheek, that Clinton-haters looking for a source to refute her claims about job creation need look ho further than her own memoir, ‘Hard Choices.’  In the book, she writes of American companies ‘slowly gaining access to Indian markets, creating jobs and opportunities for people in both countries.’  [18] Later she recalls how a U.S. Chamber of Commerce junket was organized ‘because more trade between America and South Africa promised to create jobs and opportunities in both countries.’  But there she was in Boston, appearing alongside stalwart liberal women – gubernatorial hopeful Martha Coakley and Senator Elizabeth Warren – and seemingly trying to maneuver herself into a position more populist than either one. [15] [18]

The Right Criticize Hillary for his Socialist Comment

The remark was immediately singled out by Republicans, who noted its similarity to comments made by President Barack Obama during his re-election campaign. Clinton’s remark was enough to “make you go hmmmm,” tweeted Sean Spicer, communications director at the Republican National Committee. “Who exactly is creating the jobs then, Sec. Clinton?” asked America Rising, a Republican opposition research firm. [12]

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Jeb Bush

Jeb Bush characterized Clinton’s blunder as ‘breathtaking’ and argued that ‘the problem in America today is that not enough jobs are being created, [but] they are created by business.’ The Republican presidential contenders have seized the opportunity to embarrass Clinton over the verbal misstep and frame her as an extremist. [13]

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Rand Paul

Rand Paul also took aim at Clinton’s remark, comparing it to President Barack Obama’s infamous ‘you didn’t build that’ statement while he stumped for embattled Kansas Sen. Pat Roberts.  ‘The president says, you didn’t build that, it just sort of happened,’ Paul said during a rally at an airport hangar in Wichita, Kansas, according to Buzzfeed. ‘The plane just sort of came into being because it was a public road and a public library. [13] [16]  ‘Hillary Clinton comes up and she says, “Businesses don’t create jobs.” Anybody here think businesses don’t create jobs?’ Paul asked. ‘I’m here today to endorse Pat Roberts and [Kansas Gov.] Sam Brownback, because you know what? They know that businesses do create jobs, and I hope you know that too.’  Paul continued to riff off Hillary’s gaffe in remarks at another event for Roberts later that day, Buzzfeed noted.  [16] President Barack Obama and Hillary Clinton ‘are on another page, they’re on another planet, reading another book,’ he reportedly said at one point. [13]

There are multiple levels of fundamental misinformation contained in Hillary Clinton’s aforesaid economic analyses.  First, During President Reagan’s “trickle-down” economics the nation’s unemployment rate dropped from 7.1 percent in 1980 to 5.5 percent in 1988. Similarly, the inflation rate dropped from 10.4 percent in 1980 to 4.2 percent in 1988. Overall, double digit misery turned into job growth and across-the-board gains in inflation-adjusted income. [14] Second, the vast majority of U.S. workers are employed in jobs that were created in the private sector, as reported in a March 2014 Congressional Research Service publication, Selected Characteristics of the Private and Public Sector Workers:  “In 2013, public sector jobs accounted for 16.0 percent of total employment.”   [14] That means that 84 percent of total jobs in the U.S. economy are created in the private sector. In fact, the 84 percent actually understates the role of the private sector in the overall economy’s job creation since the taxes paid by private sector companies and their employees supply the bulk of the funds that pay the salaries and benefits of those employed in the public sector.  Maggie Haberman, a senior political reporter at Politico, reported that “some Democrats who back Clinton said privately she appeared to be trying too hard to … adjust to the modern economic progressive language, much in the way President Barack Obama did during a campaign rally in 2012, when he said, ‘You didn’t build that.’ ” [14] In point of fact, the top 10 percent of U.S. income earners in 2011 paid 68 percent of all federal income taxes while earning 45 percent of all income. Those earners can say, correctly, that they not only built something, built businesses, but that they also pick up a disproportionate share of the tab for the roads and bridges. [14]

Hillary Backpedal on “Business don’t Create Jobs”

Clinton said that she ‘shorthanded’ her analysis and denied accusations that she was running the left in order mollify progressives in her party.  She tried her best to walk back her controversial economic body-slam from her earlier speech, explaining away her claim that it’s not corporations and businesses that create jobs. ‘Let me be absolutely clear about what I’ve been saying for a couple of decades: Our economy grows when businesses and entrepreneurs create good-paying jobs here in an America where workers and families are empowered to build from the bottom up and the middle out — not when we hand out tax breaks for corporations that outsource jobs or stash their profits overseas,’ [15] she told supporters of New York Rep. Sean Maloney at an event she was headlining for him.  The former secretary of state’s original comment has been further broken down by Republicans to: Hillary Clinton believes ‘businesses don’t create jobs.’ [13]

[1] Clyde Wayne Crews Jr., Hillary Clinton: Businesses Don’t Create Jobs, Forbes, 10/26/2014 @ 7:13PM
[2] Angie Drobnic Holan, Nai Issa, In Context: Hillary Clinton and Don’t let anybody tell you that corporations create jobs, Politifact, Thursday, October 30th, 2014 at 11:57 a.m.
[3] Brianna Keilar, Hillary Clinton backpedals on claim that businesses don’t create jobs, CNN, 10:34 AM ET, Tue October 28, 2
[4] Linda Feldmann, Hillary Clinton says businesses don’t create jobs. Uh-oh,  Christian Science Monitor, October 27, 2014
[7] Paul Singer, Hillary Clinton: It’s not businesses that create jobs, USA Today, October 25, 2014 11:26 am ET
[8] Curtis Houck, Networks Ignore Hillary Clinton’s Claim That Businesses Don’t Create Jobs, News Busters, October 28, 2014 | 1:03 AM EDT
[10] Kellan Howell, Clinton: ‘Don’t let anybody tell you it’s corporations and businesses that create jobs’, The Washington Times, Saturday, October 25, 2014
[11] Ed Morrissey, Hillarynomics: Businesses don’t create jobs, Hot Air, October 25, 2014
[12] Igor Bobic, GOP Sees ‘You Didn’t Build That’ In Hillary Clinton Jobs Remark, The Huffington Post, 10/25/2014 1:20 pm EDT
[14] Ralph R. Reiland, Hillary Claims Corporations and Businesses Don’t Create Jobs, The New American, Monday, 03 November 2014
[17] Daniel Greenfield, Hillary Clinton: Don’t Let Anybody Tell You Businesses Create Jobs, Frontpage Mag, October 25, 2014
[18] Jonathan Allen, Hillary Clinton No Longer Believes That Companies Create Jobs, Bloomberg, Oct 24, 2014 5:07 PM EDT


About Bill Wallace

Bill Wallace is a self-fashioned writter, a computer programmer and cybermarketer from Quebec City, Canada who decided to enter the political arena after his disillusionment with the socialist system under which he was living in the French Canadian province of Quebec.

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