Throughout Obama’s two terms his economic policies have failed us over and over again. He sunk money into “shovel ready jobs” that never materialized. Most of the money went to local governments to help increase teachers’ salaries. Obama spent massive amounts of money on ‘infrastructure’ that never built roads or bridges or anything else the country needs.
Over the past seven-and-a-half years, President Obama has maintained a steady course of burdensome new regulations, significant tax increases, and massive federal spending on so-called infrastructure. He has unconstitutionally ordered executive actions, favored labor over business, attacked banks, insulted successful corporate leaders, and backed federal-government mandates on business.
The Wall Street Journal calls it “the longest slide in worker productivity since the late 1970s.”
More from Kudlow,
And now comes Hillary Clinton’s economic plan, which will deliver more stagnant growth, falling wages, dropping productivity, and depressed investment.
Her program would raise taxes on so-called rich people, corporations, capital gains, death, and stock transactions. She would spend massively on infrastructure and again mandate rules for private businesses. Remarkably, she has no corporate tax reform (even Obama had a plan) to revive corporate investment and boost productivity, wages, and living standards.
Clinton’s goal is not economic growth, but reducing inequality and social injustice in the name of “fairness.” But she never tells us what “fair” means, although we know it’s code for higher taxes and larger government.
Clinton’s plan is even worse than what we’ve had under Obama! Meanwhile Trump’s plan,
He wants to lower taxes across-the-board for individuals and large and small businesses, significantly reduce burdensome regulations, and unleash America’s energy resources. (Hillary would end coal and oil-and-gas fracking.) Trump’s corporate tax reform would restore America’s position as the most hospitable investment climate in the world. For a change, businesses and their cash would come back home.
Hillary wants the government to run the economy which has never worked. JFK and Reagan cut taxes and economy soared. Bill Clinton cut taxes and (finally) signed welfare reform both of which boosted the economy. Can’t Hillary see that those things work and her plans do not? We need to lower taxes and get the government out of the way of businesses, large and small, if we are ever to have sustained economic growth.
It appears Hillary knows nothing about how the American economy works, how to help create new jobs, how to help businesses prosper. That may be because she’s never run a business, never had to deal with the cumbersome government regulations, never had to make payroll. Trump has done all those things. He knows what is necessary to get the economy growing again and to put more money into the pockets of all the citizens of America.