Job Creation 101 According to Hillary

PHILADELPHIA, PA - NOVEMBER 21:  Hillary Clinton attends the 2013 Greenbuild Conference November 21, 2013 in Philadelphia, Pennsylvania.  (Photo by Bill McCay/WireImage)

PHILADELPHIA, PA - NOVEMBER 21: Hillary Clinton attends the 2013 Greenbuild Conference November 21, 2013 in Philadelphia, Pennsylvania. (Photo by Bill McCay/WireImage)

On Oct. 24, Hillary Clinton spoke at a campaign rally in Boston, Massachusetts, for Democratic gubernatorial candidate Martha Coakley. Leftists have always believed it their duty to fight the “big, bad corporations” in America. But Clinton’s remarks at the rally defy common sense and reveal a lack of basic understanding of economics.

“Don’t let anybody tell you that, you know, it’s corporations and businesses that create jobs,” said Clinton. “You know, that old theory, trickle-down economics. That has been tried, that has failed. It has failed rather spectacularly.”

It is hard to take anything that Hillary, who is seen by many as already running for president in 2016, says when in comes to jobs or money. On June 9, 2014 in an interview on ABC Hillary claimed, “We came out of the White House not only dead broke, but in debt. We had no money when we got there, and we struggled to piece together the resources for mortgages for houses, for Chelsea’s education. It was not easy.

The idea that any president leaving office would be broke is laughable. One can expect tens if not hundreds of millions of dollars of future earnings as a result of being president. Speaking, consulting, board positions, and so on, are all very lucrative. Also, the “struggling” couple was able to muster a cash down payment of $855,000 and secure a $1.995 million mortgage a few weeks before they left the White House. This hardly fits the average person’s idea of “dead broke.”

But let’s get back to the former First Lady’s understanding of how economics work. She claims that corporations and businesses don’t create jobs. However, Texas would have to disagree. In a report put out by the American Enterprise Institute, “1.32 million new jobs have been added since the start of the Great Recession, compared to a net deficit of almost one million jobs for the other 49 states combined.”

The report goes on to say that, “without the energy-driven economic stimulus from the fracking revolution, and without the gusher of jobs in the state of Texas, there’s no question that the Great Recession would have been much worse and lasted much longer, and the jobs picture today would be much bleaker.”

As for her ignorance of trickle-down economics, Hillary should listen to Jack Ma. Jack Ma emerged as China’s richest man before the Alibaba IPO. He has a net worth of $21.8 billion, according to the Bloomberg Billionaires Index. His assets include a 7.3 percent economic interest in China’s largest e-commerce business — which is preparing for what could be the largest initial public offering in U.S. history.

After making his billions Ma stated in a interview, “I will [be] spending money trying to making sure more people get rich, because you cannot spend all the money, right? So, my job is [to] spend money, [which is] helping others.”

Rush Limbaugh showed his amazement from this statement on his radio show: “This is unreal! We have a ChiCom guy talking about the benefits, the fun, the happiness, the worthwhile of getting rich — and in this country, what’s going on? The rich are hated and despised. Well, except for Zuckerberg and Buffett and Gates, and the Kennedys. Everywhere else, the rich are despised. They’re suspects. They’re accused offing be criminals. And here’s this guy, Jack Ma, talking about Reaganomics! I guarantee you, when he says help people get rich, he doesn’t mean welfare. When he says he gonna spend money to make people rich, it means he’s gonna hire them, and he’s gonna build up businesses where they work so that their productivity will lead to raises and maybe good careers.”

So then, who does create jobs in the Clinton universe? The Government? We all remember President Obama saying in 2008 that “We’ve got shovel-ready projects all across the country.” A year later, Obama admitted his gross exaggeration saying, “ The term ‘shovel-ready’ — let’s be honest, it doesn’t always live up to its billing.”

The Left has no idea how jobs are created and Left-wing policies are disastrous for our economy. To let Hillary Clinton, whose ignorance and hate for the private sector is well documented, becoming president would be a catastrophe.