Wednesday, November 21, 2007

Tells it like it is...

Hillary's Record
By INVESTOR'S BUSINESS DAILY Posted Tuesday, November 20, 2007 4:20 PM PT

Campaign Trail: Lamenting the healthy U.S. economy, a certain senator from New York says "it takes a Clinton to clean up after a Bush." But the Clintons' brand of soap always seems to be a mix of sleaze and socialism.

Campaigning in Iowa on Monday, Sen. Hillary Clinton, D-N.Y., spread doom and gloom about an economy that has produced more than 8 million new jobs over the past 50 months amid a powerful economic expansion.

Hillary has been pushing the theme that being first lady for eight years gave her the experience that will make her a good president.

"Every day spent learning the ropes is another day of rising costs, mounting deficits and growing anxiety for our families," she said in an obvious negative reference to her opponent, Sen. Barrack Obama, D-Ill. "And they cannot afford to keep waiting."

But what exactly is it they are waiting for? Certain expiration of the Bush across-the-board income tax cuts, and his reduction in taxes on investment, policies that caused the economy's current sustained boom?

Is the "experience" our families are waiting to reap the benefits of actually a new version of Hillary's 1993-94 attempt to impose socialized health care on America?

The cleaning up that Hillary claims her husband undertook is a myth. The record shows Bill Clinton inherited from President George H.W. Bush an economy already in recovery.

It also shows that two terms of Clinton Masculinus left George W. Bush in 2001 with an economy already in a downturn.

It wasn't his income tax rate increases or sage words from Clinton Treasury Secretary Robert Rubin that produced Intel's Pentium chip and the Internet or the rest of the technological revolution behind the 1990s boom. The seed capital for it all came largely from the low-tax policies of Ronald Reagan years earlier.

Bill Clinton, in fact, never succeeded in getting passed into law what he touted as his vital "jobs bill," a pork-laden $30 billion fiscal stimulus package; only a fraction of it, $220 million, was ever enacted.

Yet government spending is clearly what Hillary's White House job experience would translate into. Her energy policy, for instance, consists of a $50 billion alternative fuels fund and $20 billion worth of new "green vehicle bonds" funding intensified gas mileage regulations.

But businesses won't have to worry — if they can grease the lady's palm. Corning, Inc., Western New York state's stalwart Republican Party corporate donor, found that out in 2004 when China threatened a 16% tariff on Corning's fiber optics products.

By having the Red Chinese ambassador to her Capitol Hill office, Hillary apparently got the Communist government to drop the duty. But it seems to have cost Corning executives $46,000 in campaign contributions.

Sleazy deals and big spending are well-remembered from the days of Hillary Clinton's other half. That kind of experience is no recipe for continued economic health.

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