Posted on 01/17/2008 5:40:12 AM PST by Calpernia
In a media conference call this afternoon with Gov. Jon Corzine and Gov. Jennifer Granholm of Michigan, Sen. Hillary Clinton said the country needs a president who holds the American economy accountable.
"I'm hearing from people who lost their jobs in construction or even in the casinos," said Clinton, in a double nod to Nevada - where she's campaigning in advance of the Jan. 19th primary there - and New Jersey.
Corzine hailed Clinton's economic stimulus package as a strong reason, in his view, to support the Democratic presidential candidate.
"The program you have put down makes sense for someone running for president, or as a plan to right now have an impact on the economy," Corzine told Clinton. "You've laid out a great program here, and it ought to be accepted by the (Bush) administration."
Clinton's executive economic plan includes freezing interest rates for five years; establishing a $30 billion emergency housing crisis fund to help states and cities mitigate the effects of mounting foreclosures; imposing a 90-day moratorium on subprime foreclosures; securing more transparency from the mortgage industry; increasing the number of people who receive energy assistance with a $25 billion low income assistance program; and investing $5 billion to stimulate the country's green economy and to create green collar jobs.
The number one problem in New Jersey's economy is the depletion of wealth through declining home values, said the governor.
In an additional thumbs up for Clinton's healthcare reform package, Corzine said he appreciates her sense of the country's national healthcare crisis as he assesses a state budget in which $9 bilion is allocated for healthcare costs.
A lot of aid but where's the economic stimulus?
The number one problem in New Jersey's economy is the depletion of wealth through declining home values, said the governor.
The number one problem with New Jersey's economy is that New Jersey-ans are taxed up the wazoo! And there is rampant state-level corruption and cronyism.
The number one problem in New Jersey's economy is the depletion of wealth through the governor and Democrat legislature.
It's just amazing that he ran Goldman Sachs without driving it into bankruptcy.
Well THAT confirms that it would be a disaster.
Well THAT confirms that it would be a disaster.
There you go Hil reward the guys that bit off more than they can chew. Seems to me that the government has no business meddling with loans to private individuals; the government did not make the loans. Those sub prime loans were risky business, the investors knew it and wanted the big returns if the individuals paid. So what is it that I am not understanding here?
You put it mildly. But bump.
So did the government.
We are in the same boat as you. You have my empathies.
Liberals always find a way to pay back their base... UNIONS... state and local, who else is going to pass out their ‘stimulus’ dollars. Just shoring up their voting base.
Ditto. Sigh.
And on the subject of what the government knew and when it knew it, on the illegal alien angle....
Hannie Mae - Formalizing Lending To Illegal Aliens
Loans to illegals may not be a majority of the bad loans, but I say it's a big part of the reason money was so easy to get.
Just more pandering for votes -— and the socialist mob keeps working within itself to do just that -— steal from the public to buy votes. Where is your platform Hitlery? Where is your plan for America? Where is your plan to fix the corrupt Congress? Where is your ANYTHING?
Except for your sick lust for Marxist power at any price??
Let’s see.....NJ with a recent Corzine-desired smoker ban, Grandhole desperately wants one, with one of the highest unemployment rates in the country.......both states bleeding residents dry,NJ perhapsthe most corrupt state in the union... Grandhole just having raised taxes again to keep from defaulting....yeah, I’d say these two are among the best at advising her.
The communist Jennifer Granholm, governor of Michigan, has run the state into the rocks - highest unemployment in the country, quarter after quarter of negative growth and taxes and fees through the roof. She is now in the process of destroying private property. In short, she’s creating a socialist welfare state composed of government employees, retirees drawing state pensions, crooked politicians and welfare bums - all Rat demographics.
Productive citizens and businesses have left by the tens of thousands.
Granholm is a living, breathing example of why you should never, never vote a woman into office just because she’s a woman.
Consulting Granholm on economics is a joke. She couldn’t run an iced lemonade stand in the desert.
Jon Corzine has avoided a lot of scrutiny for the role played by Goldman Sachs in the stock-market bubble that greatly expanded on his watch.
There was a class-action suit filed charging that Goldman Sachs underwriters were involved in manipulating numerous initial public offerings (IPOs), including at least six when Jon Corzine was at the firm’s helm.
Nicholas Maier the syndicate manager at Cramer & Co. from 1996 to 1998, reported to the SEC investigators that Goldman Sachs routinely forced him to buy stocks at inflated prices if he wanted to participate in the red-hot IPO market. He called Goldman Sach’s “the worst perpetrator” of such a scheme. Mr. Maier charged that Goldman Sachs, under Corzine’s watch, “totally fueled the [market] bubble.”
The biggest economic stimulus from the federal government would not be to rob Peter even more, to hand out more to Paul, as Clinton proposes, but would return even more money to everyone by reducing their taxes - the people will spend those tax-savings in ways that will be much more beneficial to the economy than would any handouts from Clinton.
NJ’s intern Governor Jon Corslime who didn’t understand the dangers of NOT wearing a seat belt while travelling at >90 mph, and ignoring the law, now wants to protray himself as a financial expert (he was fired by Goldman-Sachs)!
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.