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Hillary Wants $70B – To Help The Economy

From her lickspittle slaveys at the New York Times:

Clinton to Seek Package to Lift Confidence in Economy

By STEVEN R. WEISMAN

January 11, 2008

WASHINGTON — Adjusting her campaign to address increased fears of a recession, Senator Hillary Rodham Clinton said Thursday that she would call for quick enactment of a $70 billion emergency spending package and for a possible $40 billion tax rebate later if economic conditions worsen.

Mrs. Clinton said her proposal, to be announced on Friday in California, would aid lower-income families facing foreclosures of their mortgages, subsidize home heating assistance, extend jobless benefits and create jobs in the energy and environment sector.

“I have been looking at the latest unemployment numbers, and I really think it is imperative that we start to move to help people dealing with the housing market and give the country a jolt of confidence in the economy,” Mrs. Clinton said in a telephone interview while campaigning in Nevada…

The plan from Mrs. Clinton, Democrat of New York, is the first specific stimulus package to be proposed by a presidential candidate from either party, or by a Democratic leader in Congress, but it is not likely to be the last. Speaker Nancy Pelosi of California has signaled that House Democrats will propose their own stimulus package when they return to Washington next week. Senate Democratic leaders are tentatively talking about something similar

Mrs. Clinton has also called for increased spending on energy, housing and other needs over the next several years, paid for by savings elsewhere. But her stimulus package would not be financed by tax increases or other spending cuts.

“One of the cornerstones of our presidential campaign is that every new initiative must be paid for,” said Neera Tanden, Mrs. Clinton’s policy director. “But fiscal stimulus is the exception to that rule. The principle is that the spending should be temporary and not add to long-term deficits.”

Others in Mrs. Clinton’s campaign have said that she hopes to capitalize on her victory in the New Hampshire primary on Tuesday over Senator Barack Obama of Illinois by returning to more substantive policy themes in an effort to show a depth of experience in government

Like other Democratic presidential candidates, Ms. Clinton has called for tax cuts enacted in 2001 to expire or be rescinded for families making $250,000 or more a year. She has called for the revenues to be used for health care.

Talk about “voodoo economics.” How will squandering $70,000,000,000 of the taxpayers’ money help the economy?

Mrs. Clinton said her proposal, to be announced on Friday in California, would aid lower-income families facing foreclosures of their mortgages, subsidize home heating assistance, extend jobless benefits and create jobs in the energy and environment sector.

In other words she wants to use her trumped up fears of a recession as an excuse to give money to her constituents, the poor and the “environmentalists.”

Gee, what a surprise.

But no rational being can believe that any of this would created any jobs. Especially when the very money wasted will have been taken away from the very people who do create jobs. 

“One of the cornerstones of our presidential campaign is that every new initiative must be paid for,” said Neera Tanden, Mrs. Clinton’s policy director. “But fiscal stimulus is the exception to that rule. The principle is that the spending should be temporary and not add to long-term deficits.”

What a laff.

Mind you, Mrs. Clinton’s “initiatives” as of two months ago would cost the US taxpayers more than $773 billion a year. Who knows what the total is up to by now?

But don’t worry, every one of her “new initiatives must be paid for.”

By you.

This article was posted by Steve on Friday, January 11th, 2008. Comments are currently closed.

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