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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsHillary Clinton has always been to Obama's left on economics
Money quote: "On the kind of pocketbook issues Clinton spent most of yesterday's speech discussing, she's always been on the left wing of the Democratic Party."
The truth, however, is that on the kind of pocketbook issues Clinton spent most of yesterday's speech discussing, she's always been on the left wing of the Democratic Party. She's been in the public eye far too long to have avoided inconsistencies over the years. But in positional terms, somewhat to the left of Obama or Bill Clinton on economics is where she's been this whole time.
Clinton's voting record was to the left of Obama's
In 2008, both Clinton and Obama spent a lot of time debating a single fateful vote she cast in 2002 in favor of George W. Bush's invasion of Iraq. But if you look at all the votes that were cast during the four years they served together in the Senate, it was Clinton who amassed the more liberal record.
Read more: http://www.vox.com/2015/6/15/8779449/hillary-clinton-populist-record
AuntPatsy
(9,904 posts)geek tragedy
(68,868 posts)from the left on it by arguing for its necessity. Obama pretty much went on to concede that point by including it.
Rilgin
(787 posts)Mandating that everyone buy insurance is not a leftist position. I would agree that if you wanted to pass a republican health insurance reform package where you do not replace insurance companies with the Government but force Insurance companies to insure everyone at the last moment, mandatory purchase makes sense. However, this was the republican plan.
In contrast, at least while campaigning, BHO had a health insurance plan that was basically similar to HRC except that he did not mandate that we give over the entire health care industry to private insurance and at the center of his plan was a public option. We know what happened to that campaign plan which is why some of us do not believe HRC when she "veers" left when her recent history is all corporate.
geek tragedy
(68,868 posts)MADem
(135,425 posts)When everyone chips in for the greater good, that's not a "rightie" stance.
Rilgin
(787 posts)You are mixing arguments. Hilary's plan was exactly RomneyCare which started as Nixon's health care plan than was adopted by the Heritage thinkers. It is pretty much what we ended up with. However, in no sense of the word, is it a left plan. It is the republican plan and was for years.
The left plan was more government involvement. Now, if you want to pass a rightward leaning plan, where Insurer's have to accept every applicant (no pre existing conditions), you need some form of a mandate. However, thats only in a right leaning solution to the health care problems we were facing. This is your confusion, I can agree that if you want insurer's to forgo pre-existing conditions, everyone has to be insured (i.e. a mandate). However, thats only in a rightward leaning insurance plan.
In that regard, Obama's plan although more left because it did not mandate that you buy from private corporations and you could buy from a Government started Insurer (the public option) really does not work. If you want to run health care through insurance company's you need some form of a mandate. However, anyone advocating that solution is coming from the right side of the political spectrum. NOT THE LEFT. HRC did not really attack BHO's health care plan. BHO did attack HRC's in debates. He attacked it from the left because he attacked the mandate. I did not really think his plan made sense but it was left of HRC because it did not have a mandate and did have a Public Option as its core proposal. When in office. he abandoned his own plan for the republican plan basically in the form proposed by HRC. However, again it is not a left solution to health care. It is a republican corporate right solution and has been the solution of the corporatists for years.
Herman4747
(1,825 posts)Doctor_J
(36,392 posts)The mandate is what is costing me $8500/year instead of the $500 I used to pay. The mandate is what is causing insurance and drug stocks to go through the roof.
ellisonz
(27,711 posts)TBF
(32,162 posts)Thinkingabout
(30,058 posts)DemocratSinceBirth
(99,719 posts)I live within walking distance of a Mortons, a Flemings, A Ruth Chris, and a McDonalds.
Where do you think I eat if I'm going to eat out?
Fearless
(18,421 posts)Ed Suspicious
(8,879 posts)doesn't mean he can be elected . . .
YoungDemCA
(5,714 posts)"Everyone" is not everyone.
Ed Suspicious
(8,879 posts)circle jerking here?
DemocratSinceBirth
(99,719 posts)ellisonz
(27,711 posts)Don't worry, everyone does it! Every once in awhile though there's a peak moment and someone makes a splash.
zappaman
(20,606 posts)DemocratSinceBirth
(99,719 posts)zappaman
(20,606 posts)I have 3 friends I've known for 30 years who get together 2-3 times every year at Morton's on La Cienega.
Love their side dishes!
DemocratSinceBirth
(99,719 posts)Last time I ate at a high end stake house was 2009.
zappaman
(20,606 posts)Within minutes my stomach aches and then things go south rapidly.
I do have an In n Out literally down the street from me though!
DemocratSinceBirth
(99,719 posts)I don't drink so my bill should be < $75.00
BeyondGeography
(39,400 posts)Not with his core supporters, but, by the time Iowa comes around and she's polling 10-15 points better than Bernie against Republican challengers, people will say, Bernie, while I trust him more to stick to his guns, is a lot closer to Hillary on the issues than he is to winning a national election against the Republicans.
That's the strategy and she'll be sticking to it.
Fearless
(18,421 posts)DemocratSinceBirth
(99,719 posts)Bernie is polling in the 10% -15% range in Democratic primaries. That's more than any Republican is getting in any Republican primary poll but Hillary is getting 60% in the same Democratic primary polls:
http://elections.huffingtonpost.com/pollster/2016-national-democratic-primary
NCTraveler
(30,481 posts)I think it is interesting. I see no reason for the Hillary Obama comparisons. Hillary is clearly supporting Obama and showing love for and to his coalition. It makes perfect sense as they are so close on so many issues. There is some really good stuff in the article.
leftofcool
(19,460 posts)cali
(114,904 posts)It's one thing to support raising the minimum wage, and a good thing, but she's also voted a bad bankruptcy bill widely acknowledged to have been written by credit card companies and banks. So, yeah, you're right about the inconsistencies, but Bernie has been in elected office for far longer than Clinton was, and his record on economic issues is wholly consistent.
In addition, her close connections on Wall Street and within corporate America are troublesome. It's simply a fact that money equals access and access as we all know, is not without influence.
Some of us really are concerned that HRC, good as she may be on social issues, is far less credible on economic issues, and for that matter, foreign policy. I didn't know much about the 2009 Honduran coup and her support for the engineers of it until I read an article about it a few days ago. Then I started researching it and what I discovered was not reassuring.
As HRC will likely be our nominee, I wish I could trust her on issues outside social issues and civil rights. I don't see that she's earned that.
Doctor_J
(36,392 posts)The party is circling the bowl. The Big Tent is infested with DINOS who are killing it. So heartbreaking.
Orsino
(37,428 posts)I would caution again against using the profoundly conservative business of the Senate to measure liberalism.
If Sec. Clinton is much more closely tied to Wall Street via her longer Washington experience, and helped negotiate the TPP, what revelations are we really expecting from her presidency? I would love to believe that her star power conveys enough political capital for her to begin to oppose the billionaires' agenda, but so far I'm not seeing much evidence.
BillZBubb
(10,650 posts)Obama, in the grand scheme of economics, is center-right. Clinton hovers in the center.
Both are still far better than any conservative on economic issues.
Wow, this is my 7,000th post!
Exilednight
(9,359 posts)The end of welfare as we know it.
NAFTA
Revoking parts of the 1933 Banking Act.
Hillary often touts that her husband oversaw the largest U.S. economic expansion in peacetime, and that she will do the same - essentially running on her husband's record.
What many forget is that many of Bill's "achievements" paved the path for the Great Recession.
Bill is by no means totally responsible, but he was part of the problem.
wyldwolf
(43,874 posts)And, if you don't mind, explain how repealing a part of glass-steagall caused the economic downturn.
Exilednight
(9,359 posts)That it takes a Clinton to clean up after a Bush.
wyldwolf
(43,874 posts)Exilednight
(9,359 posts)Primary tells the whole story.
wyldwolf
(43,874 posts)She did not do those.
Exilednight
(9,359 posts)wyldwolf
(43,874 posts)... you to explain how repealing a part of glass-steagall caused the economic downturn?
Exilednight
(9,359 posts)To act as both an investment bank and savings and loan bank. This created a ripple effect throughout the system after these banks began bundling mortgages and selling them off to strictly investment banks.
The investment banks like Lehman and Bears Stern bought these mortgages at a premium (something that would not have been allowed to happen under the 1933 Banking Act) and insured them with insurance banks.
Insurance banks like AIG couldn't pay the coverage owed once these banks started losing on the mortgages.
This financial crisis didn't start with the big banks, it started with the little ones.
wyldwolf
(43,874 posts)Bear Stearns, Lehman Brothers, Merrill Lynch, AIG, and Fannie Mae and Freddie Mac would not have come under Glass-Steagalls restrictions. President Obama acknowledged that there is not evidence that having Glass-Steagall in place would somehow change the dynamic.
Even Elizabeth Warren said as much: When the NY Times pressed her about whether she thought the financial crisis could have been avoided if Glass-Steagall were in place, she conceded: The answer is probably No."
Exilednight
(9,359 posts)http://www.forbes.com/sites/objectivist/2012/11/12/why-the-glass-steagall-myth-persists/
They left out several savings and loans and retail banks that went belly up. They also fail to mention how those mortgages would never have ended up in the hands of investment banks had the 1933 Banking Act been left intact.
wyldwolf
(43,874 posts)And that caused the meltdown?
And is Elizabeth Warren just not informed?
Repeal of Glass-Steagall has become for the Democratic left what Fannie Mae and Freddie Mac are for the Republican right a simple and facially plausible conspiracy theory about the crisis that reinforces what they already believed about financial markets and economic policy.
But why let facts get in the way of a good screenplay?
Facts such as that Bear Stearns, Lehman Brothers and Merrill Lynch three institutions at the heart of the crisis were pure investment banks that had never crossed the old line into commercial banking. The same goes for Goldman Sachs, another favorite villain of the left.
The infamous AIG? An insurance firm. New Century Financial? A real estate investment trust. No Glass-Steagall there.
Two of the biggest banks that went under, Wachovia and Washington Mutual, got into trouble the old-fashioned way largely by making risky loans to homeowners. Bank of America nearly met the same fate, not because it had bought an investment bank but because it had bought Countrywide Financial, a vanilla-variety mortgage lender.
Meanwhile, J.P. Morgan and Wells Fargo two large banks with big investment banking arms resisted taking government capital and arguably could have weathered the crisis without it.
Confronted with these inconvenient facts, the conspiracists like to double-down and argue that the real damage caused by repeal of Glass-Steagall is that it triggered a wave of bank consolidation which has now left more than half of the countrys banking assets under the control of a handful of institutions that are so big that the government has no choice but to bail them out if they risk a meltdown of the financial system.
Any number of factors led to the recent financial crisis. At the top of the list and rarely mentioned is the willingness of our trading partners to finance our trade deficit with an artificially low interest rate and an artificially high exchange rate. And right behind it was the growth of a vast new shadow banking system largely outside the reach of regulators. Shoddy lenders, foolish borrowers and investors, greedy investment bankers, compromised appraisers and ratings analysts, clueless regulators all of these were also part of the story along with excessive consolidation.
The problem with pinning the blame on the repeal of Glass-Steagall, however, is that millions more Americans now believe it to be true.
http://www.washingtonpost.com/lets-shatter-the-myth-on-glass-steagall/2012/07/27/gJQASaOAGX_story.html
Exilednight
(9,359 posts)The 1933 Banking Act prevented banks from bundling mortgages and selling them as investments.
I can't speak for Warren, and I have no idea in what context those remarks were made. It's third hand knowledge at best.
It's like any fire. Throw a match at the bottom and let smolder on the dry leaves and eventually the entire forest is on fire.
wyldwolf
(43,874 posts)Exilednight
(9,359 posts)Knowledge is the best I can find.
Economics is my life. I'm not attacking you, I'm just debunking your sources.
Sorkin was right. Gekko did use Bailey's money in a way that it wasn't meant to be used.
The only people I can find repeating this stuff is right wing think tanks.
wyldwolf
(43,874 posts)There's our answer.
Springslips
(533 posts)First lets deep-six the word 'cause' as it is too loaded, there is more than one cause, plus we don't know which ones were sufficient or which ones were necessary. Glass-Steagall's repeal was certainly a factor. How? Because the big banks that had investment arms can enter the markets using leverage ratios that outstripped what they were historically; this money fed the shaddow banking system, which hedged packaged mortgages, which liquidated the real estate market and help cause the bubble. ( as well as trade def. money escaping the Russian Bond default, Fed policies following the dot com bubble and 9/11, ect.)
Now the Post article's argument hedges itself by poo-pooing the idea it "caused" the meltdown. They are right, it is an overstatement to say it "caused"; but, Glass-Steagall or similar regulation is needed before over-leveraging Fed money factors in another meltdown.
OT: the use of Conspiracy Theorist in the above is a strawman: Glass-Steagall is an interpretation not a theory of conpiracy. ( I hate fallacies!)
Exilednight
(9,359 posts)BainsBane
(53,137 posts)and instead attribute Bill's policies to her, as though she were no more than an extension of her husband? Do you not see how problematic that is?
Hillary Clinton opposed NAFTA and she voted against the Central American Free Trade Agreement while a Senator. When people marry, they do not become a single person, the wife merely a handmaiden for the husband's policies. Clinton is running for president. Bill is not. She deserves to be judged on HER record and hers alone.
Exilednight
(9,359 posts)She says she was against NAFTA before she was for NAFTA before she was against NAFTA.
BainsBane
(53,137 posts)and I submit it is a problem that goes beyond this one candidate. You can't pass it off as her doing. It reflects how you see women.
Exilednight
(9,359 posts)LanternWaste
(37,748 posts)No doubt, we often attribute those quotes which validate our biases; yet more often, deny those quotes which do not, and premise our entire understanding off denial of the latter.
SaranchaIsWaiting
(247 posts)if people do not like Hillary's history of falsehoods and do overs.
What you said is offensive. Very.
Motown_Johnny
(22,308 posts)that happened during Pres. Bill Clinton's time in office.
I am glad we agree on that. She is her own person.
Well said. Thank you.
tularetom
(23,664 posts)Can you imagine him sitting there in silence if she makes a decision that makes him look bad? You're lying to yourself if you answer yes to that question.
leftofcool
(19,460 posts)Exilednight
(9,359 posts)SidDithers
(44,228 posts)Sid
Motown_Johnny
(22,308 posts)she will denounce it? Or his welfare reform? Or any other policy Pres. Bill Clinton had that was more conservative than current Democratic party primary voters support.
Or will she support them?
Or will she try to be on both sides of them?
The debates are going to be interesting.
Q: What is your opinion of the repeal of Glass-Steagall?
Sanders: It was a horrible mistake. It contributed to the financial collapse we saw in 2007. We need tougher banking regulations!
Clinton: (insert possible answer here because I have no idea what she will say)
The question isn't if she is to the left of Pres. Obama. It is how she compares with the people she is running against. Most notably Sen. Sanders.
Exilednight
(9,359 posts)On key issues have changed or remained the same when it comes to economic policy.
In the 2008 debates she ran on Bill's record, the question now is - will she run away from it?
Motown_Johnny
(22,308 posts)leftofcool
(19,460 posts)You guys really are digging a whole for yourselves.
Motown_Johnny
(22,308 posts)She tried to claim that her experience was applicable to being President.
If you don't think she will be asked about her husband's time in office you may be in for a surprise.
Damansarajaya
(625 posts)for her husband's terms in office.
It makes sense in Hillary-Land.
As if she would have any public career at all without having been married to the Governor of Arkansas and the President of the United States.
Motown_Johnny
(22,308 posts)it may have some nominal effect in the primary, but that is because the (D)s won't go after her (or him) as hard as the (R)s will.
SaranchaIsWaiting
(247 posts)when she ran in 2008. And the Clintons have repeatedly said they were a team and you get 2 for 1, and etc.,
yurbud
(39,405 posts)in the same sentence.
It will either be a mush of platitudes or make no sense.
Damansarajaya
(625 posts)Except Bernie has been in the public eye for longer, and he isn't inconsistent.
It's called having core values, instead of expedient ones.
"it shows that 'the Democratic Party is moving left fast' and Clinton knows it . . . "
In other words, she's running to keep up with the changes the people demand instead of LEADING those changes. Again, it's the difference between expediency and leadership. But this is a person who sat on the Board of Directors of Walmart, one of the most evil and rapacious corporations the world has ever known and gives 75,000 dollar speeches to the likes of Goldman, Sachs.
leftofcool
(19,460 posts)Damansarajaya
(625 posts)Motown_Johnny
(22,308 posts)At least we agree on that.
Fred Sanders
(23,946 posts)Warren will finish the job. It is a natural and winning progression to everything , more of less, everyone at DU wants, from the Populist Group, from which I am again banned temporarily, to the Sanders/Warren groups....give it time.
Rome was not built in a day. Defeating fascism to build liberal socialiism unhindered by idiots and charlatans is gonna take more than that also.
Not to mention that The White Walkers are at the Wall and they brought legions of Giants of Cash hurling propaganda nuclear bombs at the foundations of democracy....I have Obama's back and Clinton's back because......White Walkers in the White House means The Game of Thrones is over forever.
TBF
(32,162 posts)The gap between the very rich and everyone else continues to grow, as acknowledged by many sources. The last thing we need is centrist or conservative economic policy for another four years. We need to be as progressive as possible - and that is Bernie Sanders (who has a solid record in the Congress and is already gaining the support of middle America). I don't think he's nearly as "unelectable" as some of you seem to think.
The income gap between Americas rich and poor has widened during the economic recovery -- despite rising employment and a growing economy, the Federal Reserve said Thursday.
While average income before taxes for the wealthiest 10 percent of U.S. families rose 10 percent from 2010 to 2013, inflation-adjusted incomes for the poorest 40 percent of families actually declined, according to the Feds Survey of Consumer Finances.
The average income for all Americans rose 4 percent from 2010, but the median incomethe amount in the middle of all Americans incomes and not skewed by ultra-high salaries fell 5 percent, the report said.
Only a sliver of the wealthiest Americans have seen widespread income gains since the recession ...
http://www.ibtimes.com/us-income-gap-widened-during-economic-recovery-federal-reserve-1679000
In its 34 member states, the richest 10% of the population earn 9.6 times the income of the poorest 10%.
There is no standard measure of inequality, but most indicators suggest it slowed or fell during the financial crisis and is now growing again.
The OECD warns that such inequality is a threat to economic growth ...
http://www.bbc.com/news/business-32824770
It has come to the point where only the top 10 percent of Americans are seeing their wealth grow while the bottom 90 get less and less of the pie each year. The driving force of this wealth chasm are the top 0.1 percent, who have seen their share of the nations wealth grow the most over the past decades, from 7 percent in 1979 to 22 percent today. In fact, the top 0.1 percent are now worth more than the entire bottom 90 percent of the U.S. population, according to the report, which adjusts for the shrinking size of the American family so as to enable comparisons across time periods.
The study also assesses what effect the 2008 financial crisis had on wealth distribution. Although the crisis wreaked havoc across all income levels, its effects have been much more enduring for those on the lower end of the economic spectrum. Those at the top have managed to recoup their wealth, while middle and lower income families have not made any gains, according to the Pew report. The stock market, on the other hand, has bounced back, surpassing pre-crisis levels, and Wall Street is doing better than ever ...
http://thinkprogress.org/economy/2014/12/18/3605137/us-wealth-gap-at-its-widest-in-decades/
truebluegreen
(9,033 posts)no matter how often Fux tries to paint him as some radical.
We need to start a revolution, and electing another "moderate" "centrist" on economic issues ain't the way.
YoungDemCA
(5,714 posts)Violence that in this country, black people and other people of color, the poor and destitute, women and children would suffer from the most.
Do you really want that?
truebluegreen
(9,033 posts)I just think the idea that we will achieve real change within our corrupted democracy is highly unlikely, and most especially not by electing another "moderate" "centrist"--calling that a "revolution" is preposterous.
Hekate
(91,059 posts)elleng
(131,466 posts)Damansarajaya
(625 posts)"The Turtle and the Hare."
Now I remember.
lark
(23,207 posts)The other day I posted that Hillary was always to the left of Bill and was scorned by a number of posters as making things up. I couldn't find a link, but did remember that fact very well. Thank you for confirming what I knew I remembered.
I knew I wasn't (totally) crazy.
samsingh
(17,607 posts)and his to the right politics have always been a challenge to me.
he needs to get on his speaking tour.
still_one
(92,554 posts)assumptions about Hillary have to do more with Bill's record rather than hers
Autumn
(45,120 posts)Hillary has been in the game a lot longer than Obama. IMO had Hillary been elected in 2008 she would not have compromised as much as Obama but economically everything would still be the same for the American people and the banks would still have come out on top after their crash. However regarding Health Care Reform I believe we would have gotten a public option, the Hillary that ran in 2008 would have fought tooth and nail for it because she truly believed and rightfully so that Americans needed and deserved Health Care.
Fearless
(18,421 posts)Response to Fearless (Reply #45)
1000words This message was self-deleted by its author.
Fearless
(18,421 posts)No sense in looking for our pony. The wealthy need more money. We need to suck it up. It doesn't matter what's right just what's feasible. We should fight against our best interests because our interests are difficult. Let me just check our talking points...
m-lekktor
(3,675 posts)YoungDemCA
(5,714 posts)nt
Skinner
(63,645 posts)Fred Sanders
(23,946 posts)nt
truebrit71
(20,805 posts)nt
Fearless
(18,421 posts)riqster
(13,986 posts)I am still working for Bernie in the primaries, but this makes Plan B (HRC in the general) more palatable.
DonCoquixote
(13,616 posts)there are chants of "she is to the left the left the LEFT" because many of us know how that former Wal-Mart executive has been on matters of the left, the same woman that called criticizing Wall Street "foolish." I do not care if she gets on Televisions with the Che Guevara style beret, WE KNOW HER.
However, those of us who support Bernie see that, at the very least, our support is forcing her to lurch left, away from the ears of those who wanted her to run like she did in 2008. Mission Accomplished, and because her lurching left will actually bring in voters other than those same "centrist/independent" types that go for a real republican every time, all we can say is to the die hard Hillary types is "YOU ARE WELCOME" because instead of Kowtowing and worshiping, we will be the ones making sure Hillary does NOT walk into that well made trap of trying to run to the right.
This is why Hillary is trotting out the leftist credentials:
http://www.democraticunderground.com/10026839789
radiclib
(1,811 posts)If you say so, Mr. Sensible Woodchuck. Never mind that train coming.
truebluegreen
(9,033 posts)Like Kerry! And Obama after him!* Somebody showed me the stats!
*kinda like Schrodinger's cat: the truth does not exist until the measurement is made
Doctor_J
(36,392 posts)Both well known reservoirs of truth
truebluegreen
(9,033 posts)Funny how the current front-runner/nominee is always the Most Liberal Member of Congress evah (it's gonna be funny to see them try to maintain that position with Bernie in the race).
Metric System
(6,048 posts)hfojvt
(37,573 posts)There's Hillary opposing an increase in the Social security cap, because it would be a "trillion dollar tax increase on the middle class".
Yeah, the middle class - people who make over $97,000 a year.
Your link talks about "voting record" but then just says "more liberal" without saying if it is talking about economics or some wider definition of liberal.
Also, liberals were in favor of an insurance mandate? Really? That's the liberal position?
Count me out of that.
Of course, I remember watching primary debates and they spent like the first hour talking about foreign policy and barely bothered with economics. So at the time, we had two options a) Hillary, who we knew to be DLC, or b) Obama, who we hoped was gonna change the Democratic Party.
Much to our chagrin, Obama proved to be just as DLC as Clinton would have been.
But now we are supposed to believe she's always been a warrior for the working class?
mmonk
(52,589 posts)Nor the advisors he later ditched for Clinton protégés when he became president.
lumberjack_jeff
(33,224 posts)I remember 2008 very clearly. I was voiciferous in my support of Clinton over Obama, and caught a lot of hell for it, too.
That was then.
stonecutter357
(12,699 posts)Report1212
(661 posts)Dr Hobbitstein
(6,568 posts)This is a good article, Skinner! Thanks for posting.
mmonk
(52,589 posts)and JFK/Johnson hasn't been returned in like kind.
DemocratSinceBirth
(99,719 posts)That's an empirical observation and not a normative one.
truebrit71
(20,805 posts)...More revisionist bullshit...
They are both cut from the same cloth...
Jefferson23
(30,099 posts)language regarding foreign policy did not resonate with young voters..black voters embraced
him, completely. I am not sure in what way this OP is relevant.
Clinton is now running against a seasoned Senator who is highlighting corruption in politics
like no one else in recent history has done before.
whatchamacallit
(15,558 posts)even if it were true.
99Forever
(14,524 posts)That's a pretty low bar you set there.
GeorgeGist
(25,328 posts)Obama's not running.