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Wednesday, April 13, 2016

Daily News Endorses Hilary Clinton

They didn't just endorse her, they unendorsed Bernie. They really did. But we saw both interviews.

What was great is that after Bernie totally bombed his interview, Hillary came out and showed us exactly how it's done.

http://lastmenandovermen.blogspot.com/2016/04/hillary-vs-bernie-on-free-college.html

The Daily News:

"Daily News Editorial Board says Vote Hillary Clinton: Her plans to give working- and middle-class Americans a fighting chance at rising incomes are far superior to Bernie Sanders'

http://www.nydailynews.com/opinion/vote-hillary-clinton-article-1.2598171?cid=bitly

I certainly agree. But I want to amplify another point I've made recently. We need a strong Democratic party right now and in that vein, HRC is the only choice. A Bernie victory would mean splitting the party in two and its devolving into factions.

Again, this won't happen as even Jeff Weaver admits they are playing for a brokered convention at best.

The Daily News does a good job of framing the problems facing the country as it selects its next POTUS.

"Despite the addition of an overly impressive-sounding 14 million jobs and a halving of the unemployment rate over the past six years, American businesses are generating far fewer positions than needed."

"Too many are part-time or low-wage. Salaries are largely stagnant. At near-record proportions, millions of American adults have simply checked out of the labor force."

"In real and painful terms, families have gotten the shaft. Take the typical household — the one whose paychecks are dead center. In 1999, that family pulled in $57,843. By 2014, its income had fallen to $53,657 — a real-dollars drop of $4,186 a year that could have been spent for housing, medical bills, college tuition, retirement saving and you name it."

"Still worse, the middle class is steadily withering. Four decades ago, the backbone of the U.S.A. commanded almost two-thirds of the national income. Today, it clings to just 43% while the top tier has roared ahead to claiming almost half, along with wealth that is fully seven times larger than the holdings of the entire middle class."

Jobs have come back since the crisis but not nearly enough good jobs. The real challenge going forward is to raise incomes.

As the News says, she is the one to do this. She understands that the road to raising incomes won't be simply to try to bring back the manufacturing Golden Age of the postwar era, but rather regulating the new gig economy that more Americans will be working in going into the future.

http://lastmenandovermen.blogspot.com/2015/07/hillary-on-uber-economy.html

The News also makes it clear that Bernie is not up to the job. That was obvious from their interview:

"And trust him, he would end income inequality by launching an all-out assault on America’s largest banks — never credibly explaining how forcibly breaking up the likes of JPMorgan Chase and Citibank would add a dime to a single paycheck."

I just feel like his plan for the banks is driven by populist anger more than anything. I don't know that how it actually adds a dime to a single paycheck was something he even thought of.

What's more, many would stand to lose their jobs both in NY and nationally if you simply broke up all the big banks over night.

Dodd-Frank authorizes doing this if necessary, but to do this categorically across the board is another thing all together. This could be a real jolt to the economy over night. For the most part, overnight changes like this are a mistake.

The News goes back to Hillary:

"In endorsing Clinton in the coming primary, the Daily News looked to lessons learned from its “Fight for Fair Pay” campaign, including the successful push in 2014 to secure raises for 12,000 minimum-wage workers at New York-area airports."

"Because the need was indisputable and because union leadership had set a goal that was both ambitious and politically achievable, The News’ focus helped salaries rise from $8 an hour to $10.10 and, unknown at the time, the movement for Gov. Cuomo’s eventual $15-an-hour target had begun."

"The necessary elements were justice, political smarts and pragmatism — the qualities that shine the brighter in Clinton’s economic agenda."

"As a first priority, she looks to boost growth so that businesses need more workers and thus must hike salaries to attract them. She would stimulate the economy with major investments in roads, bridges and other infrastructure, as well as in scientific and medical research in critical areas like neuroscience. One such plan would devote $2 billion annually to seeking techniques to prevent and treat Alzheimer’s disease."

"As a second priority, she would use substantial tax hikes on the wealthy and breaks for the middle class both to tilt the scales away from the rich and to jump-start the economy by giving many others more money to spend. Example: Clinton would set a hard floor so that million-dollar earners have to fully pay up, no more wriggling out."

"Each of her plans is calibrated to achieve a specific result."

That's a key. With Bernie's plans, half the time it's not clear what result it's meant to achieve-other than giving vent to anger. He normally doesn't present ideas in this form: it's more 'it's the right thing to do.'

"Based on need, Clinton would enable every student to graduate debt-free from public higher education, with the rich paying their own way and those further down the ladder receiving greater and greater support. Importantly, as structured there would be no handouts to the undeserving."

"To maintain investment in America, big businesses would face heavy penalties for moving money abroad to avoid corporate taxes while businesses that invest here would enjoy benefits."

"To stem too-big-to-fail financial danger, Clinton would strengthen regulations written after the 2008 crash by imposing escalating fees on banks and other players whose size and structure put the public at risk."

"Clinton’s proposals are shaped for the world in which we live, not the world in which we might wish to live. By any stretch of the imagination — except that of Sanders — they stand as the highflying progressive wish list of a results-driven candidate."

"Head to head exclusively on those terms — which are the fundamental terms of their debate — the former First Lady, senator and secretary of state promises to be a true Democratic champion."

"For all these reasons, the Daily News strongly endorses Hillary Clinton in the April 19 New York Democratic primary."


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