Hillary Clinton’s Big Economic Speech Abridged to 500 Words

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Hillary Clinton gave her big economic speech today. As is my wont, I plowed through the transcript and excerpted only those parts that are actual policy proposals. This is sometimes a judgment call, but I think I got most of them. I didn’t include any vague prescriptions that she promised to explain in detail in later speeches.

By my count, Hillary’s laundry list includes 26 specific proposals, some with more detail than others. Not bad, even for a Clinton. So for those of you who aren’t interested in the blah blah blah, and just want the meat, here’s the Reader’s Digest version of the speech, condensed to about two minutes of reading time.

Let me begin with strong growth.

….Empower entrepreneurs with less red tape, easier access to capital, tax relief and simplification…. business tax reform to spur investment in America, closing those loopholes that reward companies for sending jobs and profits overseas….comprehensive immigration reform….infrastructure bank that can channel more public and private funds, channel those funds to finance world-class airports, railways, roads, bridges and ports….greater investments in cleaner, renewable energy right now.

….Fund the scientific and medical research that spawns innovative companies and creates entire new industries….breaking down barriers so more Americans participate more fully in the workforce — especially women….family-friendly policies….fair pay and fair scheduling, paid family leave and earned sick days, child care are essential to our competitiveness and growth.

….Beyond strong growth, we also need fair growth.

….We have to raise the minimum wage and implement President Obama’s new rules on overtime….crack down on bosses who exploit employees by misclassifying them as contractors or even steal their wages….defending and enhancing Social Security….encourage companies to share profits with their employees….reforming our tax code….Buffett Rule….closing the carried interest loophole….the decline of unions may be responsible for a third of the increase of inequality among men….we have to get serious about supporting workers.

….Every 4-year old in America [should] have access to high-quality preschool in the next ten years….80% of your brain is physically formed by age of three….intervention to help those often-stressed out young moms understand more about what they can do and avoid the difficulties that stand in the way of their being able to get their child off to the best start….reviving the New Markets Tax Credit and Empowerment Zones to create greater incentives to invest in poor and remote areas.

….The third key driver of income alongside strong growth and fair growth must be long-term growth.

….A new $1,500 apprenticeship tax credit….reform capital gains taxes to reward longer-term investments that create jobs more than just quick trades….[Make] sure stock buybacks aren’t being used only for an immediate boost in share prices….Empowering outside investors who want to build companies but discouraging “cut and run” shareholders who act more like old-school corporate raiders.

….Serious risks are emerging from institutions in the so-called “shadow banking” system….I will appoint and empower regulators who understand that Too Big To Fail is still too big a problem….ensure that no firm is too complex to manage or oversee….prosecute individuals as well as firms when they commit fraud or other criminal wrongdoing….when the government recovers money from corporations or individuals for harming the public, it should go into a separate trust fund to benefit the public.

And the obligatory paean to bipartisanship and comity:

….You know passing legislation is not the only way to drive progress. As President, I’ll use the power to convene, connect, and collaborate to build partnerships that actually get things done. Because above all, we have to break out of the poisonous partisan gridlock and focus on the long-term needs of our country.

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SIX TRUTHS

Reclaiming power from those who abuse it often starts with telling the truth. And in "This Is How Authoritarians Get Defeated," MoJo's Monika Bauerlein unpacks six truths to remember during the homestretch of an election where democracy, truth, and decency are on the line.

Truth #1: The chaos is the point.

Truth #2: Team Reality is bigger than it seems.

Truth #3: Facebook owns this.

Truth #4: When we go to work, we're in the fight.

Truth #5: It's about minority rule.

Truth #6: The only thing that can save us is…us.

Please take a moment to see how all these truths add up, because what happens in the weeks and months ahead will reverberate for at least a generation and we better be prepared.

And if you think journalism like Mother Jones'—that calls it like it is, that will never acquiesce to power, that looks where others don't—can help guide us through this historic, high-stakes moment, and you're able to right now, please help us reach our $350,000 goal by October 31 with a donation today. It's all hands on deck for democracy.

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