Risks of a Third Obama/Clinton Term

Hillary Clinton has made it clear. She is running as President Obama’s political and policy heir, notes Review & Outlook in the WSJ:

Mrs. Clinton’s project is even more progressive than Mr. Obama’s. Believe it or not, there are still subsidy gaps in the cradle-to-grave entitlement state, and this is a candidate who regularly talks about the programs she wants to create for “ages 0 to 5.”

A partial list includes another burst of spending allegedly earmarked for public works; wage controls for higher federal minimum, overtime, family leave and “equal” pay; a right to child care; “free” college; a Medicare-like public health insurance option and administrative prices for new drugs; and nearly doubling the top tax rate on long-term capital gains to 43.4% from 23.8%. Anyone who thinks these policies will get better results than 2007-2016 hasn’t paid attention.

The public is in a sour mood, and Mrs. Clinton’s private and political character are not helping her unfavorable rating (55.4%)—almost as high as Trump’s 56.9%. The platform Democrats are embracing is not a rising tide to lift all ships. Instead, it’s about doubling down on “redistribution economics, high taxation and heavy regulation.”

Opinion Journal: Obama’s Hillary Endorsement

If you’re willing to fight for Main Street America, click here to sign up for the Richardcyoung.com free weekly email.

Previous articleClinton Should Have Been Indicted
Next articleAre Your Retirement Plans Ready for the Robot Uprising?
Debbie Young
Debbie, our chief political writer at Richardcyoung.com, is also our chief domestic affairs writer, a contributing writer on Eastern Europe and Paris and Burgundy, France. She has been associate editor of Dick Young’s investment strategy reports for over five decades. Debbie lives in Key West, Florida, and Newport, Rhode Island, and travels extensively in Paris and Burgundy, France, cooking on her AGA Cooker, and practicing yoga. Debbie has completed the 200-hour Krama Yoga teacher training program taught by Master Instructor Ruslan Kleytman. Debbie is a strong supporting member of the NRA.