Hillary Clinton was scheduled to lay out her economic plans Thursday but instead spent much of her time bashing Donald Trump — and offering little of anything new. No wonder: She has so little to offer, at least when it comes to jobs.
And never mind that Americans are desperate for them, after eight years of dismal economic times under President Obama.
Clinton did repeat her claim Thursday that her economic plan would create 10.4 million jobs by 2026. She has said 640,000 of these will be in New York.
Ha! New Yorkers are still waiting for the 200,000 jobs she promised for upstate back in 2000, when she was running for the Senate.
Anyone who buys her new promises probably also believes she had no classified e-mails on her home-brewed server.
Back in 2000, as The Washington Post recalled last week, Clinton vowed 200,000 new jobs for the long-suffering upstate region. “But nearly eight years after Clinton’s Senate exit,” the paper noted, “there is little evidence that her economic-development programs had a substantial impact.”
Indeed, “upstate job growth stagnated overall during her tenure, with manufacturing jobs plunging nearly 25 percent.”
Clinton doesn’t even try to deny she broke her promise to New Yorkers. Instead, her folks blame her failure to deliver on (you guessed it) President George W. Bush.
He’ll probably also get the blame when she fails to deliver on her 10.4 million jobs.
That number, by the way, is on its face misleading: Turns out, it comes from a finding by Moody’s Analytics that her spending programs — including $275 billion for government-sponsored road and infrastructure projects — would create 3.2 million jobs on top of the 7.2 million the economy is already on track to generate.
And it doesn’t account for the cost of her programs. A Tax Foundation analysis of the net impact says Clinton’s plan would actually shrink the economy 1 percent and produce 0.8 percent lower wages — and 311,000 fewer jobs.
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