This was Clinton’s first economic speech of her campaign. In Clinton’s economic plan she said she would crackdown on Wall Street excess and warns that the Republican candidates plans to cut taxes would only serve to balloon the national debt. She also targeted Florida Gov. Jeb Bush noting that he is out of touch with American workers.
“You may have heard Governor Bush say last week that Americans just need to work longer hours. Well, he must not have met very many American workers,” Clinton said at The New School in New York, urging Bush to speak to nurses, truckers or fast food workers. “They don’t need a lecture. They need a raise.”
Clinton spoke directly to liberal voters that have rallied behind Bernie Sanders because of concerns that she would not regulate Wall Street. She also aimed her message at workers hoping to see more gains in their paychecks since the Great Recession.
“Clinton said she would propose more public investment in infrastructure projects, advance renewable energy and promote tax cuts for small business owners. She expressed support for an increase in the federal minimum wage, an overhaul to the tax code, and policy proposals related to child care and paid family leave,” said an article by the Associated Press.
Once a close ally of Wall Street, in her address Clinton aimed criticism at the financial institutions chastising them for chasing short-term gains over working to grow the economy. She claims outrage by the bad practices of several firms and promised to prosecute them during her presidency. She even mentioned HSBC a company that paid former President Bill Clinton to speak in 2011, an appearance cleared by the State department even though they were in an ongoing investigation about federal money-laundering.
Clinton stated she plans to expand the Dodd-Frank law that Congress passed in 2010. She would further tighten regulation of financial institutions and expand federal oversight on high-frequency traders and hedge funds.
She also blasted Republican candidates that she claimed would basically give away money to the rich while ignoring the rights of the workers.
She was however silent on her Democratic competitor Sanders who has gained support by focusing his campaign on economic inequality.[AP]