Hillary Economics

Hillary’s attempt to distance herself from Obama as she campaigns for the White House took an odd turn this week. In essence, she agreed with and furthered Obama’s claim that “If you’ve got a business – you didn’t’ build that – Somebody else made that happen” by stating: “Don’t let anybody tell you that it’s corporations and businesses that create jobs.”

This is the same Obama narrative that government is great, provides everything good, and more government will be good for the economy. She furthered that narrative by stating raising the minimum wage doesn’t cost jobs, it leads to job gains.

It is a myth that one of the government’s functions is to create jobs. Growing the government larger, of course, creates government jobs, but that doesn’t help the economy recover because those jobs depend on taxes paid by people with non-government jobs. Government growth cannot be sustained that way and the economy cannot recover that way. Minimum wage increases do not create jobs, especially in the short run. If we fail to help the economy in the short run when it is failing so badly, there may be no long run.

Hillary economics looks a lot like Obama economics. Hillary is not the answer just as Obama has not been the answer. The answer is a change in direction from top to bottom. Vote wisely.

David J. Hentosh

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