SubscribeHillary Mocks Chelsea’s “Profession” - Again
Here’s some irony, via ABC News:
Real ‘Work’? Clinton Swipes at Chelsea’s Profession
February 19, 2008
ABC News’ Jennifer Parker and Eloise Harper Report: Sen. Hillary Clinton took a swipe at her daughter’s profession today at an economic roundtable discussion at a restaurant in Parma, Ohio, suggesting wealthy investment bankers and hedge fund managers on Wall Street aren’t doing real ‘work.’
The former first lady’s daughter, Chelsea Clinton, works for New York-based hedge fund Avenue Capital Group. She previously worked in New York for McKinsey & Company, her first job after graduating with her master’s degree from Oxford University.
“We also have to reward work more,” Clinton told a small group of Ohio residents today. “and by that, I mean, I have people in New York working on Wall Street as investment managers, as hedge fund executives. Under the tax code, they can pay a lower percentage of their income in taxes on $50 million dollars, than a teacher, or a nurse, or a truck driver in Parma pays on $50,000. That’s very discouraging to people.”
You just feel like, ‘wait a minute. I’m working as hard as I can.’ All those people you see in your law office. They’re working as hard as they can and they feel like they’re just getting further and further behind,” Clinton said.
It’s not the first time Clinton has taken a swipe against her daughter’s profession. Campaigning in Wisconsin yesterday, Clinton railed against hedge funds as Chelsea sat off to the side.
“I saw a sign over here - someone has a t-shirt on, tax hedge fund dealers,” Clinton said Monday, “well in this economy we are going to have a fair tax system again. A Wall Street investment manager, a hedge fund dealer, should not pay a lower percentage of taxes on his 50 million dollars worth of income.”…
The line about investment fund and hedge fund managers has been introduced into Clinton’s talking points as she campaigns across the economically struggling state of Ohio. Clinton is focusing her campaign on the delegate-rich states of Ohio and Texas voting March 4.
Mind you, this is from the same woman who feigns outrage when anything untoward is said about her sainted daughter.
Besides, what real work has Hillary Clinton ever done in her life?
Her “career” makes even (bad debt) hedge fund managers look like noble toilers of the field.
6 Responses to “Hillary Mocks Chelsea’s “Profession” - Again”
Leave a Reply
You must be registered and logged in to post a comment.
February 20th, 2008 at 12:38 pm
….”we are going to have a fair tax system again…”
Again? When have we ever had a fair tax system?
Unless she’s plagiarizing again. Isn’t “fair-tax” one of Ron Paul’s or the Huckster’s slogans?
February 20th, 2008 at 1:11 pm
We’ve got to start making these people take an economics course or two. Shouldn’t someone who is running for president actually have some basic understanding of how our economy works?
How does punishing people who work to achieve wealth make the economy work? How has “profit” become a dirty word, when the only reason to be in business in the first place is to make maximum profit? Why would a company who has–another dirty word alert!–”outsourced” some portion of their business overseas want to come back to an anti-business environment?
But here is the ultimate question in my mind: why do we make it so difficult for businesses in this country? I think people who make the economy work should be getting the breaks, not those who contribute nothing to the economy. That evil CEO or hedge fund manager does something every day to get dollars moving. The democratic voter with his or her hand held out for assistance does nothing to contribute.
This is exactly the kind of attitude a wealthy person who has never worked in his or her life tend to adopt. They have no clue what a real hard working person thinks or feels. I don’t have much money, but I’ll be damned if I’m angry or jealous of those who have worked hard to become wealthy. That’s the American dream. “Go get yours” is what I always say. But this class warfare stuff really gets the votes out for democrats.
February 20th, 2008 at 1:59 pm
Hey, when you make millions on the cattle trades you’re told to make, then your husband and yourself are elected to cushy Government jobs with excessively generous pensions, who ever needs to work?
Now, if Chelsea can just hook up with some guy on his way up like Mommy did (or a woman - even better PR!), she’ll be all set.
February 20th, 2008 at 2:02 pm
AmericanIPA;….”the only reason to be in business in the first place is to make maximum profit…”
Amen! I’m a sixty-one-year-old small construction businessman with a hope of being able to retire in about five years. Most people aren’t aware of just how narrow a margin of profit this business provides–somewhere in the neighborhood of 3% net. When my tax liability or other overhead costs (insurance, fuel, hourly wage and benefits package increases (union), employer-funded retirement, unemployment, etc.) increase they are factored into the overall cost of each project. In other words, the consumer pays for the increase. Which depresses the market, which causes lay-offs, which reduces the amount of currency in circulation, and on and on, and on. I refuse to work harder in order to pay more taxes for give-away programs, only to find at the end of the year, some of my employees have earned more than I did. Killing incentive harms the economy. Whenever I hear someone say how I must be rolling in money because I’m a contractor, I always respond by saying, it’s a free market and a free country. Do like I did. Risk everything you’ve got, and grab a piece of the action. I don’t see an anchor in your hip pocket. Most of them don’t want to work that hard.
February 20th, 2008 at 3:12 pm
Thomas Sowell’s “Economic Facts and Fallacies” puts the lie to so many of these hare-brained ideas. Not that one should ever let facts get in the way of their pet theories.
February 21st, 2008 at 7:01 am
I’m not a business man (and don’t play one on TV) and don’t think I’ve ever itemized a tax return. I just dislike having to fill out forms every year. I don’t think I’m alone on that issue.
Why can’t we come up with a straight flat tax? Whatever % is deemed fair and keeps governments working. 10% of anything is still 10%, whether it’s on $20K a year or $1.5M a year. It’s still 10%. Kinda like sales tax. Don’t hear any arguments about oh, sales tax too high, rich people get over cuz they make so much more. Actually the “rich folk” are probably buying much more expensive things than the $20K a year wage earner, meaning that the rich folk are paying more sales tax, plus buying things for their businesses which equals more sales tax paid by them.
If you’re a wage worker the tax comes straight out of your paycheck and to the government. If the government takes too much, let them return it, hell, they took it.
Businesses would probably still have to itemize returns. Not having been in business I have no concept whether this would help or not, but willing to listen.
Truly, I’m a lazy cuss who works long hours and drives, on a normal day, 3 hours a day. I don’t want my free time spent doing government forms, especially forms that tells the government what they already know.
I do have a libertarian side….