Robert Reich on Hillary's economic proposals

From Robert Reich

I got a call this morning from a Democratic operative, seeking suggestions for how Hillary Clinton could fix her economic message. I told him that the problem wasn't her economic message. It was her economic strategy, and her dependence for campaign funding on big donors.

Her economic strategy consists of lower taxes for companies that create jobs, higher taxes on companies that outsource them, investments in education and job training and infrastructure, paid leave, lightly re-regulating Wall Street but not resurrecting Glass-Steagall or breaking up the biggest banks. This strategy is a continuation of Bill Clinton’s and Barack Obama’s economic strategy. That Clinton-Obama strategy also included free trade, deregulation of Wall Street, a huge taxpayer bailout of the Street, and free rein to big corporations to grow much larger, give their CEOs exorbitant pay packages, and screw their workers.

Democratic presidents have presided over 16 of the last 24 years yet most people don’t feel better off. The middle class is smaller now, and the ranks of the working poor have grown. An economic strategy that continues those previous strategies doesn’t address the elephant in the room -- the increased concentration of wealth and political power at the top, and the rigging of the economy. Promising half a loaf is unconvincing to people who want to take back the bakery.

https://www.facebook.com/RBReich/?fref=nf