Hillary for America has released a new video on the “Trump Effect,” highlighting the differences between Hillary Clinton’s vision and approach and Donald Trump’s.
“Hillary Clinton believes in an America where everyone counts and everyone has a place. She’s spent her life acting on those beliefs, from her early work at the Children’s Defense Fund through a campaign that has consistently called out Trump’s division and hatred while offering a policy agenda that would bring people together and address the issues that keep us apart. Hillary has prioritized issues like immigration reform, endingLGBT discrimination and criminal justice reform.
“American voters face a choice of two different visions for America: Donald Trump’sdark and divisive vision that could tear our country apart, or Hillary Clinton’s hopeful, inclusive vision that says we’re stronger together.
“Donald Trump set the tone of his campaign by insulting Mexican immigrants and has continued using those kinds of insults and divisive comments through today. From Muslims to Gold Star families to a judge of Mexican heritage born in America to one of his own African American supporters just this past week, no one has been safe from Trump’s insults and lies.Trump has also built his political identity on conspiracy theories, starting with the racist lie that President Obama was not born in America and support from hate movements like the alt-right—whose leaders Trump has embraced.”
Clinton has been campaigning in Nevada and Arizona where she highlighted Trump’s divisive agenda and the high stakes in this election by pointing to Trump’s long record of insults against communities of color. In Jan Brewer and Joe Arpaio’s backyard, Clinton will counter their attempts to silence Latinos by mobilizing the community to break with history and turn the state blue on November 8th.
Also today, Hillary For America is launching a new video showing how Trump words and actions have encouraged bullying and fear in schools across our country, something experts are calling the “Trump Effect.” Children — members of the groups that Trump so frequently attacks — are speaking out about the harassment and threats they are facing because the Republican nominee has targeted who they are or how they pray.
“As millions of Americans continue to vote early, and with election day less than a week away, it’s worth taking a look back at Trump’s history of divisive and hateful rhetoric,” the campaign noted:
THE “TRUMP EFFECT”
Trump’s rhetoric has given rise to bullying and violence in schools and communities across America.
Adopted children in Wisconsin and New York worried they would be sent back to Africa.
A child in New Jersey worried he, his mother, and sibling would be separated from his father because they have a different skin color.
California school children have endured xenophobic taunts on the playground, including being told they were “born in a Taco Bell.”
Students broke out into chants like “build the wall” when their sports teams competed against Latino students in Colorado, Indiana and Wisconsin. A fraternity in Louisiana constructed a wall made of sandbags “emblazoned with pro-Trump slogans.”
A teacher in Arizona allegedly told a student “I can’t wait until Trump is elected. He’s going to deport all you Muslims.”
A man and a woman were attacked in Massachusetts and Washington, D.C. respectively by people who attributed their motivations to Donald Trump.
Trump would deport children born in America because he does not think their citizenship is valid.
Trump said Mexico was sending “The bad ones over because they don’t want to pay for them.”
Trump’s campaign CEO, Steve Bannon, is currently on leave from his job as head of Breitbart News. Breitbart drove conspiratorial reporting about Chobani in retaliation for hiring immigrants and refugees, making the company’s founder the target of vicious social media attacks.
Trump called to ban an entire group of people based on their religion.
Trump on his proposed Muslim ban: “I’m not softening my stance at all … In fact, you could say it’s an expansion.”
Trump said “I’m looking now at territories. People were so upset when I used the word Muslim… Now, we have a religious, you know, everybody wants to be protected. And that’s great. And that’s the wonderful part of our Constitution. I view it differently. ”
Trump defended his Muslim ban by comparing it to Japanese internment camps. Not surprisingly, he said he might have supported internment camps.
Trump suggested he would create a database to track American Muslims.
White Supremacists and Klan members supported Trump, comparing his views to their views.
Former KKK Leader David Duke said Trump has “Made it OK to talk about these incredible concerns of European Americans today, because I think European Americans know they are the only group that can’t defend their own essential interests and their point of view.
Virginia KKK Leader Endorses Trump: ‘What He Believes In, We Believe In.’”
Trump on being supported by White Supremacists: “A lot of people like me.”
TRUMP ENCOURAGING VIOLENCE
Trump said to a protester “I’d like to punch him in the face, I’ll tell ya” and mourned “we’re not allowed to punch back anymore. I love the old days … They’d be carried out on a stretcher, folks.”
Trump offered to pay the legal fees of a supporter who attacked protester.
The Hillary for America campaign has issued 19 pages of Donald Trump’s lies, including the seven the Republican presidential candidate uses most often, as a guide to be used in the upcoming debate at Hofstra University, Long Island, on Monday, September 26.
The campaign is calling out the moderator, Lester Holt, of the first Presidential Election debate, as well as reporters and viewers to hold Trump to account.
For his part, Trump has warned the moderator will be “afraid” to attack Hillary Clinton and that if he is attacked, it is only proof that the system is “rigged” against him.
Expectations are so skewed that the fear is Trump only has to appear calm, even if ill-informed or shallow and lacking in any real understanding of policies, while Hillary Clinton has to be perfectly in command but also “attractive” and not too “studied” or scripted. In this, Hillary, a trail-blazer for women’s rights, will experience the same kind of gender-bias as when she became Arkansas’ First Lady and wanted to be known as Hillary Rodham, instead of Mrs. Clinton, and when in 1992, campaigning for her husband, Bill Clinton, she said she didn’t want to back cookies and stand by her man like Tammy Wynette.
A misplaced comma in a phrase could cost her the debate while the big question for Trump is whether he will be able to resist his verbal tick of calling her “Crooked” Hillary.
But Donald Trump’s, who has used his background as a Realty TV star as his strongest advantage in the campaign so far has won PolitiFact’s “Liar of the Year” award, after it rated 70 percent of his claims as “four Pinnochios” or “Pants on Fire.”
“Debates are about each candidate laying out their vision for America, not making things up. Donald Trump has shown a clear pattern of repeating provably false lies and hoping no one corrects him. Voters and viewers should keep track: any candidate who tells this many lies clearly can’t win the debate on the merits,” said HFA Communications Director Jennifer Palmieri.
The campaign issued a handy guide to Trump’s Seven Deadly Lies
1. FALSE: Trump opposed the Iraq War.
Washington Post:Trump: “I was totally against the war in Iraq.” // Four Pinocchios.”
As our timeline shows, Trump was not ‘totally’ against the Iraq War. Trump expressed lukewarm support the first time he was asked about it on Sept. 11, 2002, and was not clearly against it until he was quoted in the August 2004 Esquire cover story. (We even made a video documenting how this is a bogus claim.) Yet he repeatedly claims he opposed the war from the beginning — and thus, earns Four Pinocchios.”
FALSE: Trump opposed intervention in Libya.
Factcheck.org: Donald Trump on Libya, May 20 interview on MSNBC’s “Morning Joe”: I would have stayed out of Libya.” // False.
“Trump’s claim that he ‘would have stayed out of Libya’ doesn’t square with his comments at the time. In February 2011, Trump, referring to Gadhafi, said that the U.S. should go into Libya ‘on a humanitarian basis’ and ‘knock this guy out very quickly, very surgically, very effectively and save the lives.’”
FALSE: Clinton supports open borders.
PolitiFact: Trump says Clinton wants to create ‘totally open borders.’ // False
“This is a huge distortion of Clinton’s proposals. Clinton has praised work already done to secure the border, and she said she supported a 2013 bill that would have invested billions more in border security while creating a path to citizenship for some undocumented immigrants. Her plan calls for protecting the border and targeting deportation to criminals and security threats.”
FALSE: Clinton wants to get rid of the Second Amendment.
ABC News: “Claim: Hillary Clinton wants to abolish the Second Amendment” // False.
“When Trump made this same claim earlier in the cycle, Politifact rated the claim false after finding no evidence of Clinton ever advocating for the abolishment of the Second Amendment… Bottom line: there’s no evidence to support Trump’s claim.
PolitiFact: “Donald Trump falsely claims Hillary Clinton ‘wants to abolish the 2nd Amendment,’” // False.
“We found no evidence of Clinton ever saying verbatim or suggesting explicitly that she wants to abolish the Second Amendment, and the bulk of Clinton’s comments suggest the opposite. She has repeatedly said she wants to protect the right to bear arms while enacting measures to prevent gun violence.”
“Absolutely not. It’s like saying that Ronald Reagan is the founder of al-Qaeda because the arms he sent to the mujahideen in Afghanistan after the Soviet invasion led to the creation of al-Qaeda. It’s a ludicrous claim.”
Washington Post: “Trump also claims Hillary Clinton was a “co-founder” of ISIS. Does that make sense?” // No.
“No. Within the administration, Clinton was one of the loudest forces for keeping a residual force in Iraq and for intervening in Syria, such as arming the rebels. So the criticism especially does not apply to her, since she advocated a more hawkish policy than was undertaken by Obama.”
FALSE: Clinton would allow 620,000 refugees into the U.S. with no vetting.
Washington Post: Trump: “This includes her plan to bring in 620,000 new refugees from Syria and that region over a short period of time.” // This is an “invented figure.”
“Trump has used this number before, but it stems from the unverified assumption that Clinton, who has called for 55,000 additional refugees from Syria, would continue at that pace for every year of her first term, on top of the Obama administration’s proposal for 100,000 refugees for fiscal year 2017. Trump then multiplies 155,000 times four years to reach 620,000 refugees. Clinton has never proposed such a “plan,” so this is an invented figure.”
Washington Post: Trump: “Under the Clinton plan, you’d be admitting hundreds of thousands of refugees from the Middle East with no system to vet them, or to prevent the radicalization of the children and their children.” // “It’s false…”
“Trump has repeatedly made this “hundreds of thousands” claim, usually referring to Syria, but it’s false… Trump also falsely claims there is “no system to vet” refugees. The process actually takes two more years, after vetting that starts with the United Nations High Commissioner for Refugees and then continues with checks by U.S. intelligence and security agencies.”
FALSE: Trump will make Mexico pay for the wall.
NPR Fact Check: Trump: “And Mexico will pay for the wall. 100 percent.” // Mexican President “would not pay” for the wall.
“After his meeting with Donald Trump today, Mexican President Enrique Peña Nieto reiterated his insistence that Mexico would not pay for construction of a border wall. Peña Nieto said he made that clear to Trump during their meeting, although Trump told reporters that the issue of payment was not discussed. — Scott Horsley”
For the rest of the18 pages of Trump’s lies see The Briefing here.
“Our concern about Trump’s record of lying is what that means for how the debate unfolds and how viewers should judge,” Jennifer Palmieri said on a press call.
Trump should be expected to present his solutions – explain what his solutions are, demonstrate the knowledge and judgment. But so far, Trump has shown clear pattern of lying, expecting no one to correct them, she said.
“We have provided 19 pages of lies Trump has told during the campaign,” she said. Politifact has rated 70% of his claims as untrue; Factchecker gave him 47 ‘Four Pinnochios’ and rated 47 ‘Pants on Fire.’ He beat out all modern presidential candidates for fact checking – he was awarded the Lie of the Year and Trump was named the Liar of the Year.
“We think this warrants particular focus because his level of lying is unprecedented in American politics – reporters should keep this in mind,”
“Trump is a very unconventional, unusual, challenging candidate – recognize it’s true for press and moderators. It’s unprecedented in modern times to hold a conference to talk about special precautions because the opponent is a habitual liar, but we think it is necessary.
“When Trump has been chosen as Politifact’s Liar of the Year, for the moderator to let lies go unchallenged, gives Trump an unfair advantage. It is the role of moderator, particularly in this case, to call out those lies, and do so in real time.
“Clinton has a responsibility to defend herself – her own record. But given the historic record of how much Trump lies, it can’t be only on her to call him out if the moderator isn’t willing to stand up and challenge lies. We’ve provided 19 pages of them for helpful reference, plus the 7 he uses most often. This is unusual, but that’s the year we are in, that’s the campaign Trump is running, and it requires that kind of role for the moderator.”
Palmieri said that Trump would probably do what he could to “get under her skin,” but “good luck. We’ve all seen her endure tough questions – 11 hours during the Benghazi hearings. Trump may think he will be the first to get under her skin, but I doubt it.”
As for expectations of how Trump might perform, We had a dry run during the Commander-in-Chief forum which demonstrated that Trump could control his demeanor, and the concern is that will be the sole criteria for handing him the “win” in the debate.
“But maintaining demeanor and not becoming unhinged is not the standard for being considered President of the United States.” What should be the standard is that you demonstrate that you understand problems, have solutions, that you can explain them, that you have adequate knowledge, judgment to do the job “and that’s certainly what she is coming to the debate to do, and that’s what voters should judge Trump on as well.”
How Trump behaves and whether or not he maintains a calm demeanor is up to him, and we think that is within his power – I wouldn’t describe that as what we are pending a lot of time on. A good deal of our prep is thinking through the argument she would put forward that she would do – it is a useful exercise at debate as well as what closing arguments for last few weeks of campaign will be as well.
Presidential candidate Hillary Clinton has stated her commitment to building an economy that works for everyone, not just those at the top. Going way beyond rhetoric, sloganeering, she has put forward five major goals at the core of her vision for a stronger economy that helps us grow together:
1. A 100 Days Jobs Plan to Break Through Washington Gridlock and Make the Boldest Investment in Good-Paying Jobs Since World War II.
2. Make Debt Free College Available to All Americans.
3. Rewrite the Rules So that More Companies Share Profits With Employees, and Fewer Ship Profits and Jobs Overseas.
4. Ensure that Corporations, Super-Rich and Wall Street Pay Their Fair Share.
5. Put Families First by Making Sure Our Policies Meet the Challenges They Face in the 21st Century Economy.
Here are details from the Hillary for America campaign outlining the initiatives she is proposing to cultivate technology and innovation:
In setting forth this agenda, Hillary recognizes that technology and the internet are transforming nearly every sector of our economy—and she believes that with the right public policies, we can harness these forces so that they lead to widely-shared growth, good-paying jobs across the country, and immense social benefits in healthcare, education, public safety, and more.
Hillary laid out a comprehensive agenda for leveraging technology and innovation to create the jobs of the future on Main Street. These ideas are a core component of the jobs plan she will put forward in the first 100 days of her Administration, along with investments in infrastructure, clean energy and manufacturing.
Highlights of her technology and innovation agenda include:
Spurring entrepreneurship and innovation clusters like Silicon Valley across the country, by investing in incubators and accelerators, expanding access to capital for start-ups, and facilitating tech transfer to bring ideas to market.
Allowing young entrepreneurs to defer their federal student loans for up to three years, so they can get their ventures off the ground and help drive the innovation economy.
Connecting every household in America to high-speed internet by 2020, while hooking up more public places like airports and train stations to the internet and enable them to offer free WiFi to the public, and helping America deploy 5G and next generation systems that can offer faster wireless speeds and help unleash the Internet of Things.
Providing every student in America access to computer science education by the time they graduate, including through engaging the private sector to train 50,000 new computer science education teachers in the next decade.
In full, Hillary’s agenda for technology and innovation has five components, laid out below:
Building the Tech Economy on Main Street
Hillary’s technology agenda will be a catalyst for creating good jobs in communities across America. She is committed to making entrepreneurship and participation in the digital economy widely shared—across regions, across classes, and across generations.
Invest in Computer Science and STEM Education by:
Providing Every Student in America an Opportunity to Learn Computer Science: To build on the President Obama’s “Computer Science Education for All” initiative, Hillary will launch the next generation of Investing in Innovation (“i3”) grants, double investment in the program, and establish a 50% set-aside for CS Education.
Engaging the Private Sector to Train up to 50,000 Computer Science Teachers: Hillary will launch an initiative to expand the pool of computer science teachers—both through recruiting new teachers into the field, and through helping current teachers in other subjects gain additional training.
Encouraging Local STEM Education Investments: Hillary’s Department of Education will support states and districts in developing innovative schools that prioritize STEM, implementing “makerspaces,” and build public-private partnerships.
Build the Human Talent Pipeline for 21st Century Jobs by:
Opening up the Higher Education and Job Training Landscape: Hillary’s College Compact dedicates $10 billion in federal funding to enable students to participate in promising new programs—such as nanodegrees, accelerated learning programs for computer coding, and online learning.
Rebooting Job Training around Industry Needs and Job Credentials: Hillary will create a grant program to support public-private partnerships to tailor job training opportunities to match labor demands in technology-driven industries.
Supporting Programs to Diversify the Tech Workforce: We must break down the barriers to full and equal participation by all groups in the 21st century economy.
Spur Entrepreneurship and Innovation Clusters like Silicon Valley across the Country: Hillary will support incubators, mentoring, and training for 50,000 entrepreneurs in underserved markets, while expanding access to capital for small businesses and start-ups.
Support Young Entrepreneurs: Hillary will allow entrepreneurs to put their federal student loans into a special status while they get their job-creating ventures off the ground. For millions of young Americans, this would mean no payments on their student loans for up to three years—zero interest and zero principal—during the start-up phase. She’ll also give innovators who start social enterprises or new businesses in distressed communities the opportunity to apply for forgiveness of up to $17,5000 of their student loans after 5 years.
Attract and Retain the Top Talent from Around the World: As part of comprehensive immigration reform, Hillary would “staple” a green card to STEM masters and PhDs from accredited institutions, and support visas that allow top entrepreneurs from abroad to come to the U.S., build companies, and create jobs for American workers.
Invest in Science and Technology R&D: Hillary will grow the research and development budgets of entities like the National Science Foundation, the Department of Energy, and DARPA, so that we can tackle big challenges—like ensuring America continues to lead the world in High Performance Computing, green energy, and machine learning. She will also devote more resources to technology transfer, so we get ideas to market.
Ensure Benefits are Flexible, Portable and Comprehensive: As the nature of work in America changes, the government must do all that it can to update the safety net and ensure that benefits are flexible, portable, and comprehensive.
Investing in World-Class Digital Infrastructure
Hillary understands that investing in high-speed broadband and next-generation wireless is a win-win for jobs: it will put people to work in building out and upgrading our digital networks, and it will create millions of opportunities for people who can get online more easily, innovative, start companies, and sell their products. Hillary will:
Close the Digital Divide: Hillary will finish the job of connecting America’s households to the internet, committing that by 2020, 100 percent of households in America will have the option of affordable broadband with speeds sufficient to meet families’ needs.
Launch a “Model Digital Communities” Grant Program: Hillary would create a competitive grant program to give cities, regions, and states incentives to create a “model digital community” with lower cost, world-class connectivity for homes, businesses, and public spaces.
Connect More Community Anchor Institutions to High-Speed Internet: Similar to how the E-rate program, launched under President Bill Clinton, brought broadband to public schools and libraries, Hillary will invest new federal resources to hook up America’s anchor institutions—train stations, airports, and other public places—and enable them to provide free WiFi to the public.
Deploy 5G Wireless: Hillary will help foster the evolution to 5G and other next-generation systems that can deliver much faster wireless connections and support the Internet of Things, smart factories, driverless cars, and much more.
Advancing America’s Global Leadership In Tech & Innovation
Hillary’s technology policy agenda will position American innovators to lead the world in the next generation of technology revolutions — from autonomous vehicles to machine learning to public service blockchain applications. Hillary will:
Fight for an Open Internet Abroad: As Secretary of State, Hillary boldly elevated Internet Freedom to the top levels of American foreign policy. She will continue this work as President — fighting for Internet Freedom, insisting nations respect human rights online, and opposing efforts to block internet access or shutdown social media.
Promote Multi-Stakeholder Internet Governance: Hillary believes that internet governance should be left to the global community of engineers, companies, civil society groups, and internet users, and not to governments.
Grow American Technology Exports: Hillary will promote access to markets for U.S. technology companies and advance Export Control Reform. She will also protect U.S. trade secrets, and resist calls for forced technology transfer or data localization.
Promote Cyber-Security: Hillary will build on the U.S. Cybersecurity National Action Plan by empowering a federal Chief Information Security Officer and upgrading government-wide cybersecurity.
Safeguard the Free Flow of Information across Borders: Hillary supports efforts like the U.S.-EU Privacy Shield to find alignment in national data privacy laws and protect data flows across borders.
Update Procedures Concerning Cross-Border Requests for Data by Law Enforcement: Hillary will seek to modernize the MLAT system, and will pursue agreements with likeminded countries for compliance with requests for data by law enforcement, in a manner that respects privacy, security and human rights.
Setting Rules of the Road to Promote Innovation While Protecting Privacy
Hillary believes the government has an important role to play in laying a foundation for broad-based innovation and economic growth—by reducing regulatory barriers to entry, promoting healthy competition, and keeping the internet free and open. She also believes we should be ensuring that these advances protect individual privacy and security. She will:
Promote Healthy Competition at the Federal, State and Local Level: Hillary believes that all governments have a role to play in laying down rules of the road that foster innovation, promote healthy competition, and protect consumers.
Defend Net Neutrality: Hillary believes that the government has an obligation to protect the open internet, and she strongly supports the FCC decision under the Obama Administration to adopt strong network neutrality rules.
Improve the Patent System to Reward Innovators: Hillary will enact targeted reforms to the patent system to reduce excessive patent litigation and strengthen the capacity of the Patent and Trademark Office, so that we continue to reward innovators.
Effective Copyright Policy: The federal government should modernize the copyright system through reforms that facilitate access to out-of-print and orphan works, while protecting the innovation incentives in the system. It should also promote open-licensing arrangements for copyrighted material supported by federal grant funding.
Commercial Data Protection: Advances in computing like the rise of “big data” and the Internet of Things is yielding transformative benefits, but raising important questions about privacy. Hillary’s approach to privacy will be to encourage high standards—and affirm strong consumer protection—through regulatory enforcement in an adaptive manner that doesn’t stifle innovation.
Protect Online Privacy as well as Security: Hillary supports creating a national commission on digital security, so that the technology and public safety communities can work together on solutions that address law enforcement needs while preserving individual privacy and security
Engineering a Smarter and More Innovative Government
Hillary believes that, beyond enabling innovation and technology-driven economic growth, we should look technology and data to improve the way that government serves the American people. Hillary will:
Make Government Simpler and More User Friendly: Hillary will make the U.S. Digital Service (USDS) and other digital services a permanent part of the executive branch. She will charge the USDS with transforming the top 25-citizen facing government services. She will streamline government procurement, get rid of unnecessary red tape, and make it easier for the federal government to use innovative technology—including open source software.
Open up More Government Data for Public Uses: Hillary would accelerate the Obama Administration’s open data initiatives, including in areas such as health care, education, and criminal justice. She would fully implement the DATA Act to make government spending more transparent and accountable to the American people, improving USASpending.gov so that Americans can more accurately see how and where their taxpayer dollars are spent.
On the same day as Donald Trump, who during the primary boasted that he was not accepting outside funding so would be unbeholden to anyone, issued his first email soliciting campaign contributions, declaring it will be “the most successful introductory fundraising email in modern political history,” Hillary Clinton delivered a speech detailing why “Donald Trump Is Unfit To Manage The U.S. Economy” and then followed up with “Here’s Why, Literally” documenting Trump’s actual record.
At the same time, his sycophants – the so-called Angry Voters who are desperate to look outside the “professional political class” for a new Leader of the Free World – point to his business acumen, thinking that would somehow translate into growing the economy (which is now the strongest in the world, even at the slow pace of growth) and creating jobs (“I’m going to be the greatest jobs president God ever created,” he boasted.)
Indeed, Trump’s entire record has consisted of doing whatever it takes to benefit himself, no matter who he hurts, from wealthy stockholders, to working class people just trying to get by, to the stooges he bilked out of thousands of dollars thinking Trump University would be their ticket to riches. Trump’s entire campaign so far has been one long advertorial for his businesses – he holds his press conferences in his hotels where he actually takes reporters on tour, holds up Trump steaks (not actually Trump steaks, of course), Trump wine, Trump water. But while he singular campaign strategy has been to “brand” Clinton as “Crooked Hillary,” he has time and again been shown to be the crook, the conman. (The New York Times reports how he was mentored in his tough-guy style by none other than the attorney Roy Cohn, who worked for Sen. Joe McCarthy and later for gangsters.)
Following Clinton’s major economic policy address, the Hillary for America Campaign issued an annotated release, documenting her core proposition:
“If Donald Trump were to get behind the wheel of the American economy, he would very likely drive us off a cliff, and working families would bear the brunt of the impact of lost jobs, lost savings, and lost livelihoods.
“That’s the natural conclusion when you look at Trump’s policy proposals, his rash and reckless temperament, and his record in the private sector of doing harm to working families and small businesses. Need proof? Just this week former McCain economic policy adviser Mark Zandi released a report saying that if Trump got his way he would lead our economy into a ‘lengthy recession’ that would cost millions of jobs, reduce growth, stagnate middle class incomes, and explode the debt.”
“See for yourself how the lines from Hillary’s Clinton’s speech today compare with Trump’s record:”
A few weeks ago, I said his foreign policy proposals and reckless statements represent a danger to our national security.
Hillary Clinton: He is not just unprepared — he is temperamentally unfit to hold an office that requires knowledge, stability, and immense responsibility
The Briefing: Trump Literally Said All Those Things Liberals and conservatives say Trump’s ideas would be disastrous. The Chamber of Commerce and labor unions… Mitt Romney and Elizabeth Warren… and economists on the left, right and center all agree: Trump would throw us back into recession. Politico: Economists savage Trump’s economic agenda
U.S. Chamber of Commerce: Does a recession sound ‘great’ to you? Does 7 million lost jobs sound like ‘winning?’ No probably, not. And yet, that’s exactly where our country would be headed under Trump’s trade policies, according to an analysis released last week.
Mitt Romney: If Donald Trump’s plans were ever implemented, the country would sink into prolonged recession.
Elizabeth Warren: When the economy is in this kind of trouble, calling on Donald Trump for help is like if your house is on fire calling an arsonist to come help out.
One of John McCain’s former economic advisers actually calculated what would happen to our country if Trump gets his way. He described the results of a Trump Recession: we’d lose 3.5 million jobs, incomes would stagnate, debt would explode, and stock prices would plummet. And you know who’d be hit hardest: the people who had the hardest time getting back on their feet after the 2008 crisis.
One of the leading firms that analyzes the top threats to the global economy – the Economist Intelligence Unit – comes out with a new list every month. It includes things like terrorism and the disintegration of Europe. And this month, #3 on the list is Donald Trump becoming president. Just think about that.
Politico: A Donald Trump presidency poses a top-10 risk event that could disrupt the world economy, lead to political chaos in the U.S. and heighten security risks for the United States, according to theEconomistIntelligence Unit.
The Economist: July 2016 – Trump has a score of 16 on the same list as a Eurozone breakup (15) and the “rising threat of jihadi terrorism destabilises the global economy” (12)
Every day, we see how reckless and careless Trump is. He’s proud of it
Back in 2006, before the financial crash, he said, quote, “I sort of hope” that the housing market crashes, because he’d make money off all of the foreclosures.
TRUMP: I sort of hope that happens because then people like me would go in and buy
Over the years, he said all kinds of things about women in the workforce. He called pregnant employees – quote – “an inconvenience.”
TRUMP: Well you know, pregnancy…it’s certainly an inconvneince for a business. And whether people want to say that or not, the fact is it is an inconvenience for a person that is running a business.
He says women will start making equal pay as soon as they do as good a job as men – as if we aren’t already.
QUESTION: So if you become president will a woman make the same as a man and will I get to choose what I do with my body? TRUMP: You’re going to make the same if you do as good a job. And I happen to be pro-life. OK? I’m pro-life.
And he clearly doesn’t know how much of our growth over the last 40 years is thanks to women.
McKinsey & Company: Since women’s participation in the workforce took off, in the 1970s, their productivity has accounted for about a quarter of current GDP
And he wants to end Obamacare, but he has no credible plan to replace it or to help keep costs down. It wouldn’t be good for our economy if 20 million people lost their health insurance. And it would be devastating to all those families.
DonaldJTrump.com: On day one of the Trump Administration, we will ask Congress to immediately deliver a full repeal of Obamacare.
What would Trump do? He said he wants to wipe out the tough rules we put on big banks.
TRUMP: Dodd-Frank has made it impossible for bankers to function…[My plan] will be close to dismantling of Dodd-Frank.
He said they created – quote – “a very bad situation.”
TRUMP: The regulators under Dodd-Frank have made it virtually impossible for the banks to lend money to those people, which is a very bad situation to be in.
He also wants to repeal the new consumer watchdog that Senator Warren helped create to protect families from unfair and deceptive business practices. That new agency has already secured billions of dollars for people who’ve been ripped off. He wants to get rid of it.
TRUMP: On repealing Dodd-Frank, which created the Consumer Financial Protection Bureau: “absolutely”
Donald Trump would take us back to where we were before the crisis. He’d rig the economy for Wall Street again.
TRUMP: [My plan] will be close to dismantling of Dodd-Frank.
And his tax plan sure lives up to the name. According to the independent Tax Policy Center, it would increase the national debt by more than 30 trillion dollars over 20 years. That’s “trillion” with a “t.”
Tax Policy Center: Trump’s plan “would add $11.2 trillion to the national debt by 2026 and $34.1 trillion by 2036”
It’s much, much more than any nominee of either party has ever proposed.
Estimates of reducation of federal revenues under Republican candidates’ tax plans:
And how would he pay for all this debt? He said, quote, “I would borrow, knowing if the economy crashed, you could make a deal. It’s like, you know, you make a deal before you go into a poker game.”
TRUMP: I would borrow knowing that if the economy crashed you could make a deal. And if the economy was good it was good so therefore you can’t lose. It’s like, you know, you make a deal before you go into a poker game, and your odds are so much better.
The full faith and credit of the United States is something we can just gamble away. That would cause an economic catastrophe worse than anything we experienced in 2008.
You don’t have to take it from me. Ronald Reagan said, “We have a well-earned reputation for reliability and credibility – two things that set us apart from much of the world.”
President Ronald Reagan: The United States has a special responsibility to itself and the world to meet its obligations. It means we have a well-earned reputation for reliability and credibility—two things that set us apart from much of the world.
Maybe Donald feels differently because he made a fortune filing bankruptcies and stiffing his creditors.
New York Times: How Donald Trump Bankrupted His Atlantic City Casinos, but Still Earned Millions
Boston Globe: The Atlantic City savior who came up snake eyes
Trump also says, we can just print more money to pay our debt down
TRUMP: You never have to default because you print the money
The American dollar is the safest currency on the planet. Why would he want to mess with that?
PolitiFact: The current system has secured the United States’ position as the world’s safest harbor for global money
Finally, the Trump campaign said that, if worst came to worst, we could just sell off America’s assets.
Trump senior campaign advisor Barry Bennett: The United States government owns more real estate than anybody else, more land than anybody else, more energy than anybody else. We can get rid of government buildings we’re not using, we can extract the energy from government lands, we can do all kinds of things to extract value from the assets that we hold.
First, really? And second, even if we sold all our aircraft carriers and the Statue of Liberty – even if he let some billionaire turn Yosemite into a private country club – we still wouldn’t even get close. That’s how much debt he’d run up.
Washington Post: Trump’s nonsensical claim he can eliminate $19 trillion in debt in eight years
Maybe this is what he means when he says “I love playing” with debt.
TRUMP: I do love debt. I love debt. I love playing with it.
He’d give millionaires a three-trillion-dollar tax cut. Corporations would get two trillion dollars. He’s giving more away to the 120,000 richest American families than he would to 120 million hard-working people.
Now, before releasing his plan, Trump said, “Hedge fund guys are getting away with murder.” And, “They’ll pay more.”
TRUMP: Hedge fund guys are getting away with murder.
TRUMP: The hedge fund guys won’t like me as much as they like me right now. I know them all, but they’ll pay more.
Then his plan came out. And it actually makes the current loophole even worse. It gives hedge-fund managers a special tax rate that’s lower than what many middle-class families pay. I had to look twice because I didn’t believe it. Under Donald Trump’s plan, these Wall Street millionaires will pay a lower tax rate than many working people.
Josh Barro, New York Times: The usual fee structure for a hedge fund is called “2-and-20”: a flat management fee (often 2 percent) on all assets, plus a performance fee (often 20 percent) on profits above a set threshold. Currently, the management fee is taxed at ordinary rates up to 39.6 percent, while the performance fee enjoys a preferential rate of 23.8 percent. Under Mr. Trump’s plan, all this income would be taxed at a maximum of 25 percent. The performance fee would be subject to a small tax increase, but that effect would be dwarfed by the large tax cut on ordinary management fees
Tax Policy Center: The highest-income 1.0 percent would get an average tax cut of over $275,000 (17.5 percent of after-tax income), and the top 0.1 percent would get an average tax cut worth over $1.3 million, nearly 19 percent of after-tax income. By contrast, the lowest-income households would receive an average tax cut of $128, or 1 percent of after-tax income. Middle-income households would receive an average tax cut of about $2,700, or about 5 percent of after-tax income.
And of course, Donald himself would get a huge tax cut from his own plan. But we don’t know exactly how much – because he won’t release his tax returns.
TRUMP: There’s nothing to learn from them TRUMP: It’s none of your business, you’ll see it when I release. But I fight very hard to pay as little tax as possible
Every major presidential candidate in the last four decades has shown the American people their taxes.
Washington Post: Trump “would be the first major-party nominee in 40 years to not release his returns.”
Donald actully told Mitt Romney to do it.
TRUMP: On Romney’s tax returns: “I think it probably be better off just to release them now”
And he said that if he ever ran for President, he’d release his.
TRUMP: If I run, you’ll see what a great job, because I’ll do a full disclosure of finances. … Maybe I’m going to do the tax returns when Obama does his birth certificate… I’d love to give my tax returns
TRUMP: Said he would “certainly” release his tax returns, saying he had “no objection” to the idea
What’s he afraid of? That we’ll learn he hasn’t paid taxes on his huge income? We know that happened for at least a few years – he paid nothing, or close to it.
Politico: Trump appears to have paid no taxes for two years in early 1990s
Daily Beast: New Evidence Donald Trump Didn’t Pay Taxes
PolitiFact: Public records show that Trump did not pay federal income taxes in two years — 1978 and 1979
Or maybe he isn’t as rich as he claims…
Fortune: Why Donald Trump’s Tax Returns May Prove He’s Not That Rich
or hasn’t given away as much as he brags about.
Washington Post: Missing from Trump’s list of charitable giving: His own personal cash
The Republican primary featured the Trump immigration plan: round up and deport more than 11 million people – almost all of whom are employed or are children going to school – then build a wall across our border and force Mexico to pay for it.
TRUMP: We have many illegals in the country, and we have to get them out
CNN: Trump has called for deporting all of the undocumented immigrants in the United States
TRUMP: I will build a great wall — and nobody builds walls better than me, believe me —and I’ll build them very inexpensively. I will build a great, great wall on our southern border, and I will make Mexico pay for that wall. Mark my words.
This policy is both un-American and very bad economics. Kicking out 11 million immigrants would cost hundreds of billions of dollars, and it would shrink our economy significantly. Some economists argue that just this policy alone would send us into a Trump Recession.
American Action Forum: The federal government would have to spend roughly $400 billion to $600 billion to address the 11.2 million undocumented immigrants and prevent future unlawful entry into the United States.
No ideas for how to strengthen Medicare and expand Social Security – in fact, his tax plan would endanger them.
Center on Budget and Policy Priorities: Under [Trump’s] plan, balancing the budget in 2026 would require cutting all government programs — including Social Security, Medicare and defense — by about two-fifths if all programs were cut by the same percentage. Balancing the budget without cutting Social Security, Medicare, and defense would require eliminating essentially the rest of government under both plans.
No real strategy for creating jobs, just a string of empty promises.
TRUMP: We’re going to save that coal industry, believe me.
He has no clean energy plan, even though that’s where many of the jobs of the future will come from and it’s the key to a safer planet. He just says that climate change is a hoax invented by the Chinese.
TRUMP: The concept of global warming was created by and for the Chinese in order to make U.S. manufacturing non-competitive
TRUMP: Obama’s talking about all of this with the global warming and … a lot of it’s a hoax. It’s a hoax. I mean, it’s a money-making industry, okay? It’s a hoax, a lot of it.
And he has no plan for helping urban and rural communities facing entrenched poverty and neglect.
Just look at what he did in Atlantic City. He put his name on buildings – his favorite thing to do. He convinced other people that his properties were a great investment, so they would go in with him. But he arranged it so he got paid no matter how his companies performed. So when his casino and hotel went bankrupt because of how badly he mismanaged them, he still walked away with millions. Everyone else paid the price. Today, his properties are sold, shuttered or falling apart. So are a lot of people’s lives.
New York Times: How Donald Trump Bankrupted His Atlantic City Casinos, but Still Earned Millions
USA Today: Hundreds allege Donald Trump doesn’t pay his bills
And here’s what he says about that: “Atlantic City was a very good cash cow for me for a long time.”
TRUMP: Atlantic City was a very good cash cow for me for a long time.
Those promises you’re hearing from him at his campaign rallies? They’re the same promises he made to his customers at Trump University. Now they’re suing him for fraud.
CNN: Donald Trump still battling lawsuits from defunct Trump University
Fortune: How Bad Are the Charges Against Trump University? Really Bad
The Daily Beast: Maddings, an ex-marine now 32, who told The Daily Beast that he racked up around $45,000 in credit card debt to buy Trump University seminars and products. … “It was a con. I’m 25-years-old, barely making $3,000 a month and they told me to increase my credit limit. I just maxed out three credit cards and I’m supposed to be able to qualify for loans to buy real estate? Those stupid principles have led me to borrow $700,000 of other people’s money and lose it all. I’m still paying off some of that debt to this day.”
He’s been involved in more than 3,500 lawsuits in the past 30 years.
USA Today: Trump’s 3,500 lawsuits unprecedented for a presidential nominee
A large number were filed by ordinary Americans and small businesses that did work for Trump and never got paid – painters, waiters, plumbers – people who needed the money, and didn’t get it – not because he couldn’t pay them, but because he could stiff them.
USA Today: At least 60 lawsuits, along with hundreds of liens, judgments, and other government filings reviewed by the USA TODAY NETWORK, document people who have accused Trump and his businesses of failing to pay them for their work. Among them: a dishwasher in Florida. A glass company in New Jersey. A carpet company. A plumber. Painters. Forty-eight waiters.
USA Today: Juan Carlos Enriquez, owner of The Paint Spot, in South Florida, has been waiting more than two years to get paid for his work at the Doral. The Paint Spot first filed a lien against Trump’s course, then filed a lawsuit asking a Florida judge to intervene.
Sometimes he offered them 30 cents on the dollar for projects they had already completed.
USA Today: Trump [offered] as little as 30 cents on the dollar to some of the contractors
Hundreds of liens have been filed against him by contractors, going back decades. They all tell a similar story: I worked for him, I did my job, he wouldn’t pay me what he owed.
USA Today: Hundreds allege Donald Trump doesn’t pay his bills
He says, he’s a businessman, and this is what businessmen do.
TRUMP: Every major business leader, has used the – I never went bank bankrupt, by the way, as you know, everybody knows. But – hundreds of companies, hundreds of deals, I used the law four times and made a tremendous thing. I’m in business. I did a very good job.
Well, CNN pointed out that no major company has filed Chapter 11 more often in the last 30 years than Trump’s casinos.
CNN: No major U.S. company has filed for Chapter 11 more than Trump’s casino empire in the last 30 years
Now imagine Donald Trump sitting in the Oval Office the next time America faces a crisis. Imagine him being in charge when your jobs and savings are at stake. Is this who you want leading us in an emergency?
TRUMP: Happy #CincoDeMayo! The best taco bowls are made in Trump Tower Grill. I love Hispanics!
At a rally in Blackwood, New Jersey, Hillary Clinton criticized Donald Trump for his reckless tax plan that would hand trillions in tax breaks to billionaires and corporations at the expense of working families and seniors. Clinton also questioned why Trump refuses to release his own tax returns – a standard disclosure that’s been made by every major presidential candidate in the last forty years.
“He has released what he calls his tax plan, and it very clearly is his plan, because Donald Trump’s tax plan was written by a billionaire for billionaires,” Clinton said. “He wants to spend $3 trillion – that’s with a T – $3 trillion on tax cuts for people like him who make over a million dollars. That is $100,000 every month for multi-millionaires. Now, to put that in perspective, $3 trillion is enough money to make Social Security and Medicare solvent for the next 75 years. It’s enough money to put millions of Americans to work to repair and modernize all of our country’s infrastructure up to world-class standards…
“Now, think about this. The typical family in America earns $54,000 a year. It would take that family 24 years of work to earn what Donald Trump’s tax plan will hand out to people like him in just one year. That is no way to create good jobs with rising incomes for the vast majority of Americans, is it? And the gentleman who called out, what about his tax plan, I hope you’ll keep asking that.
“And what about his taxes? So we’ll get around to that, too, because when you run for president, especially when you become the nominee that is kind of expected. My husband and I have released 33 years of tax returns. We got eight years on our website right now. So you got to ask yourself, why doesn’t he want to release them? Yeah, well, we’re going to find out.”
Clinton has released her tax returns every year since 1977. The last eight years of Clinton’s tax returns are available on her website, here
Senator Barbara Mikulski of Maryland and Neera Tanden, President of the Center for American Progress Action Fund, participated in a Hillary for America press call to criticize how Donald Trump’s economic policies are too big a risk for American women and families. From his plan to give massive tax breaks to millionaires to his opposition to a federal minimum wage floor, Donald Trump is the wrong choice for women and families, they insisted.
“Make no mistake: Trump’s divisive comments about women’s health are a direct threat to our dignity and economic security. But these ideas are not the only risk a Trump presidency would pose for the economic future of women and families around this country,” said Neera Tanden, President of the Center for American Progress Action Fund. Trump’s tax plan “gives $3 trillion to millionaires, that’s enough to make Social Security and Medicare solvent for 75 years. Women, who rely disproportionately on Social Security, can’t afford such an irresponsible giveaway.”
Donald Trump still opposes raising the minimum wage because he has maintained, “wages are too high,” and recently said he doesn’t favor a federal floor for the minimum wage, which could leave many workers subject to a lower minimum wage. At a time when two-thirds of minimum wage workers are women, this issue is critical to working families.
The trillions in tax cuts for millionaires, billionaires and corporations laid out in Donald Trump’s tax plan would be an enormous boon for the top one percent of earners, made at the expense of working families, seniors and the health of our economy. His plan would give $3 trillion over 10 years or more than 35% of its tax breaks to millionaires. That giveaway represents enough money which could go to ensure Medicare and Social Security’s solvency for the next 75 years, repair our ailing infrastructure, or raise every person now living in poverty up to the poverty line. Trump would give multi-millionaires in the top 0.1% like himself a raise of $1.3 million a year, or $100,000 a month, Tanden noted.
“I’m with Hillary because I know that she’s the only candidate who will make fighting for women and families her priority. I’ve worked with her on the macro issues, and I’ve worked with her on the macaroni and cheese issues, and I know she will be a great president. She’s already a great champion for women. The presumptive Republican nominee offers a different vision,” said Senator Barbara Mikulski.
Clinton has continually maintained ““Women’s issues are family issues, economic issues, and crucial to our future competitiveness.
“Too often, these are called women’s issues. Well, I am a proud lifelong fighter for women’s issues, because I firmly believe what’s good for women is good for America. … As far as I’m concerned, any issue that affects women’s lives and futures is a women’s issue.”
Clinton has pledged to:
Ensure equal pay for women.
Defend women’s health and reproductive rights against attacks.
Fight for paid family leave and affordable child care.
America has taken tremendous strides when it comes to expanding opportunity for women—but our fight is far from over. Women still earn less than men on the job. Many women still face barriers to entering and advancing in the workforce, and the ability of women to make their own health decisions is under assault. Hillary believes that issues that affect women’s lives are not just “women’s issues”—they are family issues, they are economic issues, and they are crucial to our future competitiveness. She has been fighting for women and girls her entire career, and she’s just getting started.
Work to close the pay gap.Women earn less than men across our economy—and women of color often lose out the most. Hillary will promote pay transparency across the economy and work to pass the Paycheck Fairness Act—a bill she introduced as senator—to give women the tools they need to fight workplace discrimination.
Fight for paid family leave.No one should have to choose between keeping their job and taking care of a sick family member, and no parent should have to go back to work right after they welcome their newborn baby. A quarter of all women in America return to work within ten days of having a child because they have no paid leave. The United States is the only country in the developed world without guaranteed paid leave of any kind. That has to change.
Make quality, affordable childcare a reality for families.We need to recognize that quality, affordable child care is not a luxury—it’s a growth strategy. Women are now the primary or co-breadwinners in two-thirds of families with children. But out-of-pocket child care costs have soared by nearly 25 percent during the past decade. We need to make investing in child care a national priority—including supporting on-campus child care and scholarships to meet the needs of the nearly 5 million American college students who are also parents.
Increase the minimum wage.The current minimum wage isn’t enough for Americans to meet their basic needs. Because women represent nearly two-thirds of all minimum wage workers, many women are living that reality every day. A higher minimum wage will help close the gender pay gap, lift millions of women out of poverty, and have a ripple effect across our economy. While we work to raise the federal minimum wage, Hillary will also support state and local efforts to go above the federal floor.
Defend and enhance Social Security.Hillary believes Social Security is an American success story. She is committed to defending it from Republican attacks and enhancing it to meet new realities—especially for women. The poverty rate among widowed and divorced women who are 65 years or older is nearly 70 percent higher than for the elderly population as a whole. This unacceptably high poverty rate is partly due to an unfair policy: Two-breadwinner families can face steep reductions in their benefits when a spouse dies. It’s time to change that.
Protect women’s health and reproductive rights.Women’s personal health decisions should be made by a woman, her family, and her faith, with the counsel of her doctor. Hillary will stand up to Republican attempts to defund Planned Parenthood, which would restrict access to critical health care services, like cancer screenings, contraception, and safe, legal abortion. She will fight to protect the Affordable Care Act, which bans insurance companies from discriminating against women and guarantees 47 million women and counting access to preventive care.
Confront violence against women.One in five women in America is sexually assaulted while in college. Twenty-two percent of women experience severe physical violence by an intimate partner at some point in their lifetime. American women are 11 times more likely to be murdered with guns than women in other high-income countries. It’s time to address violence against women—and Hillary will put forward bold plans to do that.
Promote women’s rights around the globe.As secretary of state, Hillary made it a priority to advance the rights of women and girls around the globe. In far too many parts of the world, women are still held back by social, economic, and legal barriers. One in every three girls in developing countries is married before the age of 18, and laws in 79 countries still restrict the type of work women can do. Hillary knows these laws hold societies back, and that promoting gender equality around the world—from ensuring that girls have equal access to education, to making women safe from sexual violence, to promoting equal economic opportunity—will promote a more just, secure, and prosperous global community.
Clinton has a record of fighting for women and girls throughout her career:
After graduating from Yale Law School, Hillary chose not to take a prestigious job at a law firm. Instead, she became an advocate for women, families, and children. She went to work at the Children’s Defense Fund, where she helped expand access to education for children with disabilities.
As first lady of Arkansas, she helped start Arkansas Advocates for Children and Families.
As first lady of the United States, Hillary was a staunch advocate for women and children’s issues. She led the U.S. delegation to the U.N. Fourth World Conference on Women in Beijing, where she proclaimed that “women’s rights are human rights.” She also advocated for the Family and Medical Leave Act, which provides leave for new parents or those with a sick loved one, and she worked to increase funding for child care.
As senator from New York, Hillary championed access to emergency contraception and voted in favor of strengthening a woman’s right to make her own health care decisions. She also championed the Paycheck Fairness Act and co-sponsored the Lilly Ledbetter Fair Pay Act in an effort to achieve equal pay and help close the wage gap. She fought for legislation to guarantee paid sick leave and paid parental leave for all federal employees.
As secretary of state, Hillary made women’s rights a cornerstone of U.S. foreign policy. She created the now-permanent position of ambassador-at-large for global women’s issues and helped launch the first U.S. strategy on women, peace, and security. She also advanced women’s economic empowerment, championed programs to prevent and respond to gender-based violence, and spearheaded public-private partnerships to improve the status of women and girls.
Ahead of the April 19 New York State Primary, the gloves came off between the two contenders for the Democratic presidential nomination, former Secretary of State and New York Senator Hillary Clinton and Vermont Senator Bernie Sanders, at what is being called “The Brooklyn Brawl” – the Democratic Debate at the Brooklyn Navy Yard.
The confrontation was the most contentious to date, but still substantive with both candidates making strong arguments on major issues.
Here are annotated highlights from the “Brooklyn Brawl” – the debate between Democratic contenders for the nomination for president, former Secretary of State and New York State Senator Hillary Clinton and Vermont Senator Bernie Sanders, based on a transcript provided by CNN, the news organization that hosted the debate, April 14.
In this section, the candidates debate the issue of qualifications and credibility:
Qualifications & Credibility
WOLF BLITZER: Senator Sanders, in the last week, you’ve raised questions about Secretary Clinton’s qualifications to be president. You said that something is clearly lacking in terms of her judgment and you accused her of having a credibility gap.So let me ask you, do you believe that Secretary Clinton has the judgment to be president?
SEN. BERNIE SANDERS (D-VT), PRESIDENTIAL CANDIDATE: Does Secretary Clinton have the experience and the intelligence to be a president? Of course she does. (APPLAUSE) But I do question (APPLAUSE) her judgment. I question a judgment which voted for the war in Iraq (APPLAUSE)– the worst foreign policy blunder in the history of this country, voted for virtually every disastrous trade agreement which cost us millions of decent-paying jobs. And I question her judgment about running super PACs which are collecting tens of millions of dollars from special interests, including $15 million from Wall Street.
“I don’t believe that that is (APPLAUSE) the kind of judgment we need to be the kind of president we need.”
HILLARY CLINTON (D-NY), FORMER SECRETARY OF STATE, PRESIDENTIAL CANDIDATE: Well, it is true that now that the spotlight is pretty bright here in New York, some things have been said and Senator Sanders did call me unqualified. I’ve been called a lot of things in my life. That was a first.
“So, look, we have disagreements on policy. There’s no doubt about it. But if you go and read, which I hope all of you will before Tuesday, Senator Sanders’ long interview with the “New York Daily News,” talk about judgment and talk about the kinds of problems he had answering questions about even his core issue, breaking up the banks. When asked, he could not explain how (LAUGHTER) — that would be done and (APPLAUSE) when asked (APPLAUSE) about a number of foreign policy issues, he could not answer about Afghanistan, about Israel, about counterterrorism, except to say if he’d had some paper in front of him, maybe he could.
“I think you need to have the judgment on day one to be both president and commander-in-chief.”
SANDERS: And let us talk about the worst foreign policy blunder in the modern history of this country. (APPLAUSE) I led the opposition to that war. Secretary Clinton voted for that. Well, let’s talk about judgment. Let’s talk about super PACs and 501(c)(4)s, money which is completely undisclosed. Do we really feel confident about a candidate saying that she’s going to bring change in America when she is so dependent on big money interests? I don’t think so. (APPLAUSE) Thirdly, we have got to understand that in America, we should be thinking big, not small.
Clinton, saying Sanders’ attack on her was an attack on Obama, who took tens of millions of dollars from contributors and had a SuperPac, “And President Obama was not at all influenced when he made the decision to pass and sign Dodd-Frank, the toughest regulations on Wall Street in many a year,” hit back saying, “this is a phony attack that is designed to raise questions when there is no evidence or support, to undergird the continuation that he is putting forward in these attacks.”
DANA BASH: Secretary Clinton, the government announced yesterday that five of the biggest banks on Wall Street have failed to develop plans to dismantle themselves in the event of another financial crisis. This is the second time in two years those banks neglected to come up with credible plans.
So, as president, would you call on regulators to start the process of breaking up these banks? Something that the law not only allows, but actually explicitly encourages?
CLINTON: Absolutely. You know, this is what I’ve saying for the past year. No bank is too big to fail, no executive too powerful to jail.
“I have been talking about what we should be doing under Dodd- Frank. I’m glad that Senator Sanders is now joining in talking about Dodd-Frank, because Dodd-Frank sets forth the approach that needs to be taken. I believe, and I will appoint regulators who are tough enough and ready enough to break up any bank that fails the test under Dodd-Frank.
“There are two sections there. If they fail either one, that they’re a systemic risk, a grave risk to our economy, or if they fail the other, that their living wills, which is what you’re referring to, is inadequate.
“Let’s look at what is at stake here. We can never let Wall Street wreck Main Street again. I spoke out against Wall Street when I was a Senator from New York. I have been standing up and saying continuously we have the law. We’ve got to execute under it. So, you’re right. I will move immediately to break up any financial institution, but I go further because I want the law to extend to those that are part of the shadow banking industry. The big insurance companies, the hedge funds, something that I have been arguing for now a long time.”
BASH: Senator Sanders, you were recently asked what you would replace the big Wall Street banks with if you could break them up. You said, quote, “That’s their decision.” Why would you trust the banks to restructure themselves when you said the whole business model was fraudulent?
Sanders reiterated his attack that Goldman Sachs and others are based on “fraudulent principles,” but said, “I’m not sure that the government should say you are too big to fail. You’ve got to be a certain size. And, then the banks themselves can figure out what they want to sell off. I don’t know that it’s appropriate that the Department of Treasury to be making those decisions. What we need is to make sure that they are safe. (APPLAUSE)
(APPLAUSE) (CHEERING) kept Clinton from replying, but finally, she said, “I love being in Brooklyn.”
Clinton took a different tack from Sanders, saying that Dodd-Frank provides the mechanisms to assess “too big to fail” and to deconstruct an institution with systemic risk, said determining how to break up a bank “has to be the judgment of the regulators.
“But, there’s another element to this. I believe strongly that executives of any of these organizations should be financially penalized if there is a settlement. (APPLAUSE)
“They should have to pay up through compensation or bonuses because we have to go after not just the big giant institution, we have got to go after the people who are making the decisions in the institutions. And hold them accountable as well. ” (APPLAUSE)
BASH: Senator Sanders, you have consistently criticized Secretary Clinton for accepting money from Wall Street. Can you name one decision that she made as senator that shows that he favored banks because of the money she received?
Sanders hemmed and hawed about how the Great Recession was the worst since the Great Depression of the 1930s and how he introduced legislation to break up the banks, but did not offer any decision Clinton made as Senator, which showed she favored banks because of money she received. Indeed, Senator Clinton was out of office after the Recession and became Obama’s Secretary of State for four years; she made the speeches he attacks constantly as a private citizen.
CLINTON: Well, you can tell, Dana, he cannot come up with any example, because there is no example. (APPLAUSE)
“It is important — it’s always important. It may be inconvenient, but it’s always important to get the facts straight. I stood up against the behaviors of the banks when I was a senator.
“I called them out on their mortgage behavior. I also was very willing to speak out against some of the special privileges they had under the tax code. When I went to the secretary of state office, the president — President Obama led the effort to pass the Dodd-Frank bill.
“That is the law. Now, this is our ninth debate. In the prior eight debates, I have said, we have a law. You don’t just say, we’re upset about this. I’m upset about it. You don’t just say, go break them up. You have a law, because we are a nation of laws.So I support Dodd-Frank, but I have consistently said that’s not enough. We’ve got to include the shadow banking sector. “
SANDERS takes a mocking tone, but doesn’t actually answer the question and instead continues to use innuendo:Secretary Clinton called them out. Oh my goodness, they must have been really crushed by this. And was that before or after you received huge sums of money by giving speaking engagements? So they must have been very, very upset by what you did.
“Look, here is the difference and here is the clear difference. These banks, in my view, have too much power. They have shown themselves to be fraudulent organizations endangering the well-being of our economy.
“If elected president, I will break them up. We have got legislation to do that, end of discussion.”
But Clinton hit back that not only did she stand up to the banks when she was Senator, “making it clear that their behavior would not be excused,” but “I’m the only one on this stage who did not vote to deregulate swaps and derivatives, as Senator Sanders did, which led to a lot of the problems that we had with Lehman Brothers.
“Now, if you’re going to look at the problems that actually caused the Great Recession, you’ve got to look at the whole picture. It was a giant insurance company, AIG. It was an investment bank, Lehman Brothers. It was mortgage companies like Countrywide.
“I’m not saying that Senator Sanders did something untoward when he voted to deregulate swaps and derivatives but the fact is he did. And that contributed to the collapse of Lehman Brothers and started the cascade.” (APPLAUSE)
Asked, once again during the debate, which seemed structured around every attack Sanders has made on Clinton, about releasing the transcripts of the Goldman Sachs speeches for which she was paid $225,000 (does it strike anybody that if Goldman Sachs paid that much, they would own the speeches rather than being in the public domain? Or that Goldman Sachs paid that much to have a figure of her prominence appear at their function, much the same as they would pay to have a SuperBowl Champion Quarterback attend an event?), Clinton attacked Sanders for failing to release his tax returns. While no candidate has released transcripts of speeches, it is expected for candidates to release their tax returns. (Clinton has released 30 years worth, with eight years online; Sanders and Donald Trump are the only two candidates so far who have not.)
Sanders was handed an engraved invitation to attack Corporate America when Wolf Blitzer asked, “Senator, Senator, you’ve slammed companies like General Electric and Verizon for moving jobs outside of the United States. Yesterday, the CEO of Verizon called your views contemptible and said in your home state of Vermont Verizon has invested more than $16 million and pays millions of dollars a year to local businesses. He says you are, quote, “uninformed on this issue” and disconnected from reality. Given your obvious contempt for large American corporations, how would you as president of the United States be able to effectively promote American businesses around the world?
SANDERS: Well, for a start, I would tell the gentleman who’s the CEO at Verizon to start negotiating with the Communication Workers of America. (APPLAUSE)
“And this is — this is a perfect example, Wolf, of the kind of corporate greed which is destroying the middle class of this country. This gentleman makes $18 million a year in salary. That’s his — that’s his compensation. This gentleman is now negotiating to take away health care benefits of Verizon workers, outsource call center jobs to the Philippines, and — and trying to create a situation where workers will lose their jobs. He is not investing in the way he should in inner cities in America.” (APPLAUSE)
BLITZER: All right. Senator, but the question was, the question was, given your contempt for large American corporations, as president, how would you be able to promote American business around the world?
SANDERS: First of all, the word contempt is not right. There are some great businesses who treat their workers and the environment with respect.(APPLAUSE) Verizon happens not to be one of them. (APPLAUSE)
“And what we need to do is to tell this guy Immelt, who’s the head of General Electric, he doesn’t like me, well, that’s fine. He has outsourced hundreds of thousands of decent-paying jobs throughout the world (APPLAUSE) cut his workforce here substantially and in a given year, by the way, it turns out that both Verizon and General Electric, in a given year, pay nothing in federal income tax despite making billions in profits.” (BOOS)
That led to another gift for Sanders, inviting him to declare that “for a start, we’re going to raise the minimum wage to 15 bucks an hour. (APPLAUSE) And number two, while it is true we may end up paying a few cents more for a hamburger in McDonald’s, at the end of the day, what this economy desperately needs is to rebuild our manufacturing sector with good-paying jobs.” And for added measure, he got in a dig at Clinton for supporting trade agreements.
CLINTON: Well, first of all, I do have a very comprehensive plan to create more jobs and I think that has to be at the center of our economic approach. And so I think it is important that we do more on manufacturing. I went to Syracuse and laid out a $10 billion plan that would, I believe, really jump-start advanced manufacturing.
“I have seen the results of what can happen when we have the government cooperating with business. And that’s exactly what I will do.
“When I was Secretary of State, I helped to lead the way to increased exports of American good around the world, which supports tens of thousands of jobs.
“So I think you’ve got to go at this with a sense of how to accomplish the goal we are setting — more good jobs with rising incomes for people everywhere from inner cities to rural areas to every distressed community in America. And that’s exactly what my plan would bring about.
“I think we have a pretty good record if we look at what happened in the 1990s, we got 23 million new jobs and incomes went up for everybody. Let’s do that again in America,” she said, trying to get out her comment despite being cut off by Blitzer, who then set up another attack on her by suggesting that she did not favor $15 minimum wage.”
“I have supported the fight for 15. I am proud to have the endorsement of most of the unions that have led the fight for 15. I was proud to stand on the stage with Governor Cuomo, with SEIU and others who have been leading this battle and I will work as hard as I can to raise the minimum wage. I always have. I supported that when I was in the Senate.
“But what I have also said is that we’ve got to be smart about it, just the way Governor Cuomo was here in New York. If you look at it, we moved more quickly to $15 in New York City, more deliberately toward $12, $12.50 upstate then to $15. That is exactly my position. It’s a model for the nation and that’s what I will do as president. Go as quickly as [possible] (CROSSTALK) to get to $15.” (APPLAUSE)
That led to a particularly vicious back and forth with Sanders attacking her for initially calling for the federal wage being raised to $12
CLINTON: I have said from the very beginning that I supported the fight for $15. I supported those on the front lines of the fight for — it happens to be true. I also — I supported the $15 effort in L.A. I supported in Seattle. I supported it for the fast food workers in New York.
“The minimum wage at the national level right now is $7.25, right? We want to raise it higher than it ever has been, but we also have to recognize some states and some cities will go higher, and I support that. I have taken my cue from the Democrats in the Senate, led by Senator Patty Murray and others, like my good friend Kirsten Gillibrand, who has said we will set a national level of $12 and then urge any place that can go above it to go above it.
“Going from $7.25 to $12 is a huge difference. Thirty-five million people will get a raise. One in four working mothers will get a raise. I want to get something done. And I think setting the goal to get to $12 is the way to go, encouraging others to get to $15. But, of course, if we have a Democratic Congress, we will go to $15.” (APPLAUSE)
SANDERS: Now, in fact — in fact, there is an effort, Patty Murray has introduced legislation for $12 minimum wage. That’s good. I introduced legislation for $15 an hour minimum wage which is better. (APPLAUSE) And ultimately what we have got to determine is after massive transfer of wealth from the middle class to the top 0.1 percent, when millions of our people are working longer hours for low wages. I think we have got to be clear, not equivocate, $15 in minimum wage in 50 states in this country as soon as possible.