Courtesy of Mish.
On October 24, while campaigning for Martha Coakley for governor of Massachusetts, Hillary Clinton made one of the most absurd political statements in history “Don’t Let Anyone Tell You It’s Corporations and Businesses that Create Jobs.”
Clinton continued, “You know that old theory, trickledown economics. That has been tried, that has failed. It has failed rather spectacularly. One of the things my husband says when people say, ‘What did you bring to Washington?’ He says, ‘I brought arithmetic.’“
Wow.
Just in case you think that quote is out of context, here’s a video clip courtesy of Town Hall;
If Hillary wins the Democratic nomination, expect to see that clip, over and over and over.
Is she really stupid enough to believe what she said?
I leave it up to the reader to decide, but 100% without a doubt, Hillary believes big government, more regulation, and higher taxes are the key ingredients to growth.
Clinton calls trickle down a “spectacular failure”. I propose this 10-item alternative list. I could easily expend the list to 100 items, all of which can be attributed to buckets 1, 2, 3, and 10.
Ten Spectacular Failures
- The Fed
- Fractional reserve lending
- Deficit spending
- Central bank manipulation of interest rates
- US foreign policy
- Warmongering
- Nation building
- Sanctions
- Public unions
- Politicians in general
Mike “Mish” Shedlock
http://globaleconomicanalysis.blogspot.com
