2016 Postmortem
Related: About this forumHillary needs to amp it up against neoliberalism and austerity,
tax cuts, etc. And she needs to say it in a simple way. That trickle down has not worked for the last 30 years for the average worker. That trickle down is Trumps policy.
Here is Trump on the expression Drain the Swamp and how effective it is:
https://www.washingtonpost.com/video/politics/trump-explains-why-he-didnt-like-the-expression-drain-the-swamp-but-now-does/2016/10/26/4a2f257a-9be0-11e6-b552-b1f85e484086_video.html
Here is a link:
TRICKLE-DOWN ECONOMICS: FOUR REASONS WHY IT JUST DOESN'T WORK
By Mehrun Etebari at Fair Economy
http://www.faireconomy.org/trickle_down_economics_four_reasons
SNIP...........
2. Cutting the top tax rate does not lead to income growth.
tax_inc_2.gif
Again, we see inconclusive evidence for the power of tax cuts. We do see small peaks in median income growth, a good measure of how the average American household is doing, after top-bracket tax cuts in the mid-1960s and early 1980s, but we also actually see income decreases after the tax cuts of the late 1980s, and strong growth after the tax increase of 1993. It is true that in the year with the worst median income decrease (3.3% in 1974), the top tax rate was 70%. However, it was also 70% in the year with the highest median income growth (4.7% in 1972)! Once again, the lack of connection between the two measures is backed up by a correlation coefficient near zero: 0.06, to be exact. And yes, yet again, the coefficient is positive, indicating that income has gone up slightly (though negligibly) more in years with higher taxes. Two strikes. How about hourly wages?
3. Cutting the top tax rate does not lead to wage growth.
tax_wage_3.gif
Not surprisingly, we have mixed results yet again! Growth in average hourly wages did increase during the 1980s following the first Reagan tax cuts, albeit two years after the cuts took effect. But, just like GDP growth and median income growth, hourly wages decreased following the late 1980s tax cuts, and spiked upwards after the 1993 tax increase.
Furthermore, wages grew at a level of at least 1%, and usually much more, all throughout the period when the top income tax rate was 91%. In fact, it isn't until 1972 that we see a wage growth rate of less than 1%. However, if we look at the 19 years of the study period when the top tax rate was 50% or less, we see that 8 of the years saw an increase in wages of less than 1%. Thus, it seems that hourly wages grew more when taxes were higher - indeed, the correlation coefficient is 0.34, indicating a mild positive relationship between higher taxes for the rich and higher hourly wages. This finding flies in the face of the conservative theory. As if that's not enough, now let's see about what President Bush claimed would be the biggest result of tax cuts - job creation.
4. Cutting the top tax rate does not lead to job creation.
tax_emp_4.gif
Here, we see the change in the unemployment rate laid against the top tax rate from 1954 to 2002. Thus, negative values signify a decrease in unemployment -- in essence, job creation. Once again, while the top tax rate trends downward over the period, the annual change in unemployment doesn't seem to trend at all! Although the largest increase (2.9%) did occur in 1975, when the top marginal tax rate was 70%, three of the four largest decreases in unemployment occurred in years when the top rate was 91%. The mixed results do not bode well for those who see tax cuts for the richest as a sparkplug to incite job growth. The correlation coefficient between the variables here is 0.11 -- meaning that there have been slightly more jobs created in years with lower top tax rates, but this pattern is negligible -- nowhere near strong enough to signify a relationship.
.............SNIP
Thrill
(19,178 posts)And sound bytes
elleng
(130,860 posts)Adrahil
(13,340 posts)But at this point, policy argument is pretty much over. She is n ot going to change almost anyone's mind based on pushing her policy positions. Now she needs to pump up the electorate and GOTV.
beachbum bob
(10,437 posts)NCTraveler
(30,481 posts)Isn't that what she said at the debate right after she discussed why increasing taxes on the wealthy is necessary? Hasn't it been one of the central themes of her campaign?
applegrove
(118,598 posts)Hillary needs to put him back with the tax cutting privileged, where he belongs.
NCTraveler
(30,481 posts)Then go back to the false assertion you made in your op.
applegrove
(118,598 posts)raising the volume on that issue. And not something in a speech. That is not making the news. So I changed it to amp it up. Thank you. I was not clear.
NCTraveler
(30,481 posts)It has been one of the central themes in the primary and general.
applegrove
(118,598 posts)NCTraveler
(30,481 posts)Clinton has been promoting her tax plan damn near non-stop. Is running commercial about it and has print media on it. Surrogates in her corner are also talking about it often.
Now it's about what Trump said and that it's "working".
applegrove
(118,598 posts)coverage, her numbers go up. They need better coverage for Hillary on the issue. Yes it starts out as a feeling for me of something important. It is in the form of a feeling. I write and write and rewrite till what I feel is exactly what I feel and mean is on the printed page. Thanks for your help getting there. Trump is getting traction on an issue Hillary should be winning. I see that as a problem.
NCTraveler
(30,481 posts)"They need better coverage for Hillary on the issue"
You mentioned this in other posts as well. I agree, what the media decides to report on stinks.
applegrove
(118,598 posts)NCTraveler
(30,481 posts)Here is how it goes more often than not.
Trump segment: Clips of Trump on the trail.
Clinton segment: Clips of people opposed to Clinton.
applegrove
(118,598 posts)be giving Clinton less time on the trail because it is not as compelling as Trump blowing up. But she needs to address the issues.
Demsrule86
(68,539 posts)now it is a rush to the finish.
sweetloukillbot
(11,004 posts)That catch-phrase "Trumped Up Trickle Down"? It's one of her speech lines.
applegrove
(118,598 posts)the Trump hook this week. He is also getting traction with the line draining the swamp in washington. And the wikileaks leaks are not helping.
sweetloukillbot
(11,004 posts)You are saying she should use a specific point of attack.
When it is pointed out that she is using that point of attack, you say it isn't working.
Thanks for your astute analysis and your concern.
applegrove
(118,598 posts)a debate when everyone has heard her detailed liberal plans for the middle class. But somehow that wanes after a week. She needs to amp it up and put out ads on the subject.
yallerdawg
(16,104 posts)Hillary will cut taxes for hard-working middle-class families:
Cut taxes for working families with children - including doubling the child tax credit for families with young children. Hillary will provide tax relief to hard-working families with children. As she said at her first rally introducing Tim Kaine as her Vice Presidential nominee, We are going to give tax relief to working families to help with the rising costs of raising kids. She will double the Child Tax Credit to a maximum of $2,000 per child up to and including age 4, and shell expand access to millions more families. As many as 15 million young children will be eligible for the credit of up to $2,000 and millions more people will benefit from additional relief.
Provide up to $5,000 in tax relief from excessive health care costs. Americans struggling with excessive health costs that are not covered by their insurance will be eligible for a new refundable tax credit of up to $2,500 for an individual, or $5,000 for a family, to deal with substantial out-of-pocket health care costs. This refundable, progressive credit will help middle-class Americans who may not benefit as much from currently-available deductions for medical expenses.
Expand tax relief for health insurance premiums on the exchanges: Hillary will enhance the premium tax credits now available through the health insurance exchanges so that those now eligible will pay less of a percentage of their income than under current law and ensure that all families purchasing on the exchange will not spend more than 8.5 percent of their income for premiums.
Offer up to $1,200 in tax relief for caregiving. Hillary will offer a 20 percent tax credit to help family members off-set up to $6,000 in caregiving costs for their elderly family members, allowing caregivers to claim up to $1,200 in tax relief each year. This will help defray the costs millions of American families face as more and more parents enter retirement.
Create a new tax credit for companies that share profits with their employees. To help boost profits shared by working Americans, companies that share profits with their employees would receive a two-year tax credit equal to 15 percent of the profits they share with a higher credit for small businesses. Shared profits eligible for the credit would be capped at 10 percent on top of employees' current wages.
And as president, Hillary will restore fairness to our tax code:
Restore basic fairness to our tax code with a fair share surcharge on multi-millionaires and billionaires.
Enact the Buffett Rule to ensuring millionaires can no longer pay a lower rate than their secretary.
Restore fair taxation on multi-million dollar estates.
Close corporate and Wall Street tax loopholes and invest in America.
Pay for ambitious investments in a fiscally responsible way.
https://www.hillaryclinton.com/briefing/factchecks/2016/10/19/clinton-has-a-plan-to-restore-basic-fairness-in-our-tax-code/
applegrove
(118,598 posts)to the news much. But Trumps anti-neoliberalism is. And he is a neoliberal. But he is acting like an anti-one in his vague statements. And he is running on that.
yallerdawg
(16,104 posts)and "trumped up trickle down" gets the base he wants - then get on with it! - Hillary will be the next president!!!
applegrove
(118,598 posts)coverage on her anti-trickle down policies. Plus Trump is a liar.
https://www.washingtonpost.com/video/politics/trump-explains-why-he-didnt-like-the-expression-drain-the-swamp-but-now-does/2016/10/26/4a2f257a-9be0-11e6-b552-b1f85e484086_video.html
yallerdawg
(16,104 posts)of a crooked, rigged system - that is just fine if he wins!
It's as meaningless as any other political campaign slogan.
Hillary doesn't have a meaningless slogan? Good!
wishstar
(5,268 posts)applegrove
(118,598 posts)The media do not cover her anti-neoliberalism nearly as much as they cover Trumps draining the swamp speech. And he is a liar on that. He will cut taxes and hand foreign and domestic policy over the Pence. She needs to put it in a bunch of ads and play it all the time in the next 12 days.
applegrove
(118,598 posts)are listening. Then Trump comes up with some line the next week and the race closes. She needs to be saying she is anti-neoliberal and Trump is pro in ads. Say it in a new way and call Trump is a liar and then it will get coverage.
Grey Lemercier
(1,429 posts)Response to Grey Lemercier (Reply #16)
Post removed
randome
(34,845 posts)We'll get to that point once we have control of Congress. Everyone who knows Clinton knows that she will do her best to destroy gridlock and get this country moving again.
Right now, the only thing that matters is winning Nov. 8th and winning big.
[hr][font color="blue"][center]Stop looking for heroes. BE one.[/center][/font][hr]
Ken Burch
(50,254 posts)We all agree with you about winning on November 8th, and the key to that is turnout. To get turnout, we need to connect with the have-nots. The haves are gonna vote straight ticket GOP even if it means electing a sex offender.
lumberjack_jeff
(33,224 posts)The election doesn't hinge on proving (or even implying) that she's a champion of the working class.
NCTraveler
(30,481 posts)She doesn't have to but she is. Exact opposite of the patently false weathervane meme.
radius777
(3,635 posts)the corrupt good ole boy network that Hillary has spoken extensively about in her campaign, from his corrupt and fradulent business dealings such as Trump University, to intentionally driving businesses into the ground so he can profit and take huge (1billion) deductions to avoid paying federal taxes for decades, to his bribing of politicians (Bondi etc), to his failure to release his tax returns which could reveal extensive entanglements with foreign interests (Russia, China, etc).
Hillary has made (and continues to make) this case to the voters, which is why she is way ahead in most polling and a heavy favorite to win the white house.