The latest economics lesson from Presidential candidate Hillary Clinton, delivered at a Democratic Party rally on Friday the 24th – hot off the presses this a.m.:
“Don’t let anybody tell you that raising the minimum wage will kill jobs, they always say that . . . . Don’t let anybody tell you that it’s corporations and businesses that create jobs,” the former Secretary of State reportedly said.
We all know pretty much everything there is to know about Mrs. Clinton’s expertise in foreign policy (Benghazi, Iran, Russia, etc.), and in health care (HillaryCare). We also know about her legal career – her first and only job practicing law was when, after flunking the D.C bar exam, she moved to Arkansas with Mr. Clinton and became an associate at the politically connected Rose Law Firm in 1977, had a meteoric rise that had nothing to do with her husband’s being the Arkansas Attorney General, and made partner at Rose in record time, two years, in 1979. The next 13 years, before ascending to the position of First Lady, she was on this commission, that board, etc., and worked on the odd study or report but practiced very, very little law and held no other paying positions anywhere doing anything. For sure, Mrs. Clinton has never held any kind of a job with any corporation or business or enterprise engaged in the manufacture of products or the provision of services to customers, except for her career as a lawyer, and probably the best way to describe Hillary Clinton’s career at The Rose Firm would be to quote the line generally attributed to football coach Barry Switzer: “Some people are born on third base and go through life thinking they hit a triple.” I mean, a partner in 2 years, with no prior legal experience? One struggles in vain to find a record of any meaningful legal work performed before or after her ascension to partner.
So, there you have it, from an expert: Corporations and businesses don’t create jobs. (Who does? Don’t think we need to wait for Mrs. Clinton’s answer on that one.) Doesn’t this sound somewhat familiar, kind of like what the incumbent President himself said, not that long ago? And please, spare me the line about how Mrs. Clinton, unlike Mr. Obama, actually is quite conservative and really “gets it” about how state capitalism and central planning don’t work and how we really need free-market capitalism. Just peruse her senior thesis at Wellesley, her rapt pursuit of Saul Alinsky, her plans for HillaryCare, and these latest quotations, and tell me again about how she would be the friend of the private sector.