Tags: Vinik | Clinton | economic | platform

New Republic's Vinik: Hillary Unlikely to Pursue Progressive Economic Platform

By    |   Wednesday, 15 April 2015 07:40 AM

Now that Hillary Clinton has officially entered the presidential campaign speculation is rife as to her economic agenda.

"The big unchecked box when it comes to Hillary Clinton is where she stands on issues related to corporate power and economic populism," Adam Green, co-founder of the Progressive Change Campaign Committee, tells The New Republic's Danny Vinik.

"Is she willing to really challenge powerful interests when that is needed to help the whole country?"

Vinik's take: "if her comments over the past year are any guide, then the answer to that question is no." Indeed, "Clinton has long cultivated close ties to Wall Street," he notes.

The securities and investment industry contributed more than $7 million to Clinton's presidential campaign in 2008. And since she left the Obama administration in 2013, Clinton has earned big bucks giving speeches to Wall Street firms.

"There are hints that upward mobility will become a central part of Clinton's campaign," Vinik argues.

She will try "reaching out to progressives without infuriating Wall Street donors. But it probably won't work. The left doesn't want their candidate to focus exclusively on mobility. They want one to focus on stagnant wages and breaking up the big banks."

Clinton will have a major economic albatross to confront in her campaign, says Charles Gasparino, senior correspondent for Fox Business Network.

That's an economy that has grown at an annual rate of just 1.9 percent under President Obama, the slowest pace in nearly 70 years, he writes in the New York Post.

"Her [Clinton's] big fear, according to the Wall Street Democrats I speak to, is being stuck with (and blamed for) her old boss' economy," Gasparino states. "That's because the economy has never fully recovered from the financial collapse that President Obama faced when he took office."

Growth slowed to 2.2 percent in the fourth quarter, matching the post-recession average, and many experts predict the first quarter number will come in even weaker.

"Fact is, many analysts believe the economy is worse than the headline numbers, filtered through the Obamaites and their media lackeys, suggest," Gasparino writes.

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Now that Hillary Clinton has officially entered the presidential campaign speculation is rife as to her economic agenda.
Vinik, Clinton, economic, platform
Wednesday, 15 April 2015 07:40 AM
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