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Clinton unveils economic agenda as Scott Walker jolts Republican field – live Clinton: Jeb Bush 'must not have met many American workers' – live
(40 minutes later)
10.42am ET15:42
Clinton: 'I'm talking about clear-eyed capitalism'
Clinton says short-term growth– which she says has been criticized as “quarterly capitalism” – represents a false promise. Companies should not be plowing earnings into stock buybacks and other measures that generate an “immediate boost in share price.”
Then Clinton reveals that she’s no Bernie Sanders, the erstwhile Socialist senator from Vermont and opponent to Clinton in the Democratic presidential nominating race:
I’m not talking about charity. I’m talking about clear-eyed capitalism. Many company have prospered by raising wages.. [increasing] productivity. ...
Workers are assets. Investing in them pays off. Higher wages pay off. Training pays off.
She mentions a $1,500 tax credit for companies for every worker they train and hire.
10.35am ET15:35
Clinton on profit-sharing:
Just before attacking Bush, Rubio and Walker, 1-2-3, Clinton passed through the section of her speech that had been billed as the day’s marquee policy prescription – tax incentives to encourage corporations to direct a larger chunk of profits to workers.
It was a one-line mention.
10.32am ET15:32
Clinton: Rubio's tax plan a 'budget-busting giveaway'
Clinton groups the Republican candidates, whom she says all support tax plans that would give too much money to the wealthy and create new deficits.
She singles out Rubio:
Senator Rubio’s plan would cut taxes on households that make around $3m a year by almost $240,000... that’s a sure budget-busting giveaway, and that’s the kind of bad economics you’re likely to hear from any of the candidates on the other side.”
She singles out Walker:
Republican governors like Scott Walker have made their name stomping on workers’ rights...
I will fight back against these mean-spirited attacks.”
Updated at 10.37am ET
10.27am ET15:27
Clinton on Bush: 'he must not have met many American workers'
Clinton now tears into Jeb Bush, the Republican presidential candidate:
You may have heard Governor Bush say last week that Americans just need to work longer hours. Well, he must not have met many American workers.
Let him tell that to the nurse who stands on her feet all day... to the fast-food workers who march in the streets demanding better pay. They don’t need a lecture. They need a raise.
10.27am ET15:27
Clinton says the path to economic growth is through fair pay, fair scheduling, paid family leave and child care:
“It’s time to recognize that quality, affordable child care is not a luxury, it’s an affordable growth strategy,” Clinton says.
“It’s time to end the outrage of women earning less than men on the job, and women of color making even less,” Clinton says.
“I’m aware that for far too long these challenges have been dismissed by some as women’s issues,” she says, but they are not.
“Fair pay, fair scheduling, paid family leave and child care are essential to our competitiveness,” she says.
10.23am ET15:23
Clinton calls for paid leave, more women in workplace
Clinton calls for making America the “world’s clean-energy superpower.”
She is getting into a economics policy laundry list. “I will set ambitious goals in all of these areas in the months ahead,” she says.
Today she wants to focus on one goal: increased workforce participation by women.
“Breaking down barriers so more Americans participate more fully in the American workforce – especially women.”
She says the US economy is “leaving talent on the sidelines” by not being more inclusive of women.
She says family-friendly policies like paid leave have not been sufficiently implemented.
10.19am ET15:19
Clinton says she will lay out a plan for strong growth and fair growth.
Her first point on strong growth has to do with tax breaks for small business and closing tax loopholes that “reward companies for sending jobs overseas.”
Another key to strong growth, she says: comprehensive immigration reform.
Bringing millions of hard-working people into the formal economy would grow GDP by hundreds of billions over ten years, she says.
10.16am ET15:16
Clinton says the current US economy focuses “too much on the short-term, like second-to-second financial trading and quarterly income reports.”
She says people are finding ways to generate second incomes by renting out rooms online or jumping into the Internet marketplace.
“This on-demand or so-called ‘Gig’ economy is creating exciting opportunities... but it is also raising hard questions about workplace protections and what a good job will look like in the future,” she says.
10.14am ET15:14
Clinton: middle-class incomes 'defining economic challenge of our times'
“The defining economic challenge of our times is clear: we must raise incomes for hard-working American so that they can enjoy a middle-class life,” Clinton says.
“And that will be my mission from the first day I am president to the last.”
10.12am ET15:12
Here’s a video feed of the Clinton event:
10.11am ET15:11
Clinton calls for a “growth and fairness economy.” “You can’t have one without the other,” she says. “We need both.”
The question is, what does she mean by “more fairness”?
Corporate profits are at record highs, but “paychecks have barely budged in real terms,” she says. She says wages have stagnated while child care costs and the cost of living have climbed.
10.10am ET15:10
Clinton begins. Here she is:
She says that government has broken a contract for prosperity with the American people.
“Our job is to make it strong again,” she says. “For 35 years Republicans have argued that if we cut taxes... it will trickle down.
“Yet every time ... [trickle-down] explodes the national debt, concentrates wealth even more” and creates new economic crises, she says.
“Twice now, a Democratic president has had to come in and clean up the mess left behind. I think the results speak for themselves.”
10.05am ET15:0510.05am ET15:05
Update: video feed here.
If you have a cable log-in you can momentarily begin watching Hillary Clinton talk about her economic vision in an event in Manhattan on C-SPAN here.If you have a cable log-in you can momentarily begin watching Hillary Clinton talk about her economic vision in an event in Manhattan on C-SPAN here.
If you don’t have a cable login, you are in the right place, because we are going to bring you full non-video coverage right here.If you don’t have a cable login, you are in the right place, because we are going to bring you full non-video coverage right here.
Updated at 10.20am ET
10.01am ET15:0110.01am ET15:01
Here’s some entertainment while we wait for secretary Clinton to speak at the New School.Here’s some entertainment while we wait for secretary Clinton to speak at the New School.
Retired late-night host David Letterman took the stage at the weekend with comedians Steve Martin and Martin Short to deliver a throwback Top 10 list: “Interesting facts about Donald Trump”:Retired late-night host David Letterman took the stage at the weekend with comedians Steve Martin and Martin Short to deliver a throwback Top 10 list: “Interesting facts about Donald Trump”:
9.18am ET14:189.18am ET14:18
Good morning and welcome to your day of politics fun, to begin with a courtesy call from Hillary Clinton and end with the last of the Great Big Announcements of the 2016 presidential contenders (with apologies to John Kasich).Good morning and welcome to your day of politics fun, to begin with a courtesy call from Hillary Clinton and end with the last of the Great Big Announcements of the 2016 presidential contenders (with apologies to John Kasich).
Last in the pool (sorry Kasich) is Scott Walker, the impeccably conservative governor from Wisconsin, who is scheduled to materialize before a crowd of supporters this evening and say in the flesh what he said in a campaign video released early Monday morning: “I’m running for president to fight and win for the American people.”Last in the pool (sorry Kasich) is Scott Walker, the impeccably conservative governor from Wisconsin, who is scheduled to materialize before a crowd of supporters this evening and say in the flesh what he said in a campaign video released early Monday morning: “I’m running for president to fight and win for the American people.”
Can Walker take his prizefighter-conservative act national? Click here to read 15 ways that Scott Walker has changed Wisconsin and could change America.Can Walker take his prizefighter-conservative act national? Click here to read 15 ways that Scott Walker has changed Wisconsin and could change America.
The day begins, however, with Hillary Clinton in an appearance at the New School in New York to lift the curtain on her economic policy. She will call for tax incentives to encourage corporations to share more profits with workers, according to advance excerpts of her address.The day begins, however, with Hillary Clinton in an appearance at the New School in New York to lift the curtain on her economic policy. She will call for tax incentives to encourage corporations to share more profits with workers, according to advance excerpts of her address.
“It’s a win-win,” Clinton plans to say. Not only that – it’s viscerally exciting. Don’t miss it! Read on.“It’s a win-win,” Clinton plans to say. Not only that – it’s viscerally exciting. Don’t miss it! Read on.
Updated at 9.19am ETUpdated at 9.19am ET