Hillary announced her candidacy proclaiming that she would be the spokesman for the “average American” who is struggling to live the American Dream.
But it’s important to remember that three key policy planks of the Democratic Party are diametrically opposed to her supposed goal: Immigration, Obamacare, and the refusal to curb China’s currency manipulation.
Immigration Leads To A Loss Of American Jobs
Immigration keeps wages down and unemployment among Americans up. The Center for Immigration Studies says that, according to US Census information, “since 2000 all of the net gain in the number of working-age (16 to 65) people holding a job has gone to immigrants (legal and illegal). This is remarkable given that native-born Americans accounted for two-thirds of the growth in the total working-age population.”
The Center found that the number of immigrants (legal and illegal) holding jobs rose by 5.7 million from 2000-2014 while the number of native born Americans holding jobs dropped during the same period by 127,000.
As long as immigrants prevent Americans from getting jobs, how can they possibly increase their income?
And immigration also holds down wages and incomes among Americans.
Though there has been some recovery from the Great Recession, there were still fewer working-age natives holding a job in the first quarter of 2014 than in 2000, while the number of immigrants with a job was 5.7 million above the 2000 level. A total of 17 million fewer native born Americans had jobs in 2014 than in 2000 — virtually the entire increase in population over that period is unemployed.
And, of course, the difficulty Americans have in finding a job reflects itself in stagnation in real wages. Inflation-adjusted hourly wages in the United States have actually dropped from $23.50/hour in 1972 to $20.67/hour in 2014. Over the past decade, the wage is virtually unchanged.
As long as there is no bottom to the labor market, there is no hope that low income workers will improve their living standards. Indeed, they are likely to decline as competition from new immigrant workers drives them down.
Obamacare Mandates Have Killed Full Time Jobs
There is also no more destructive a program of good jobs than Obamacare. Its requirement that employers offer health insurance to full time workers or face a steep penalty has driven down full time employment. There are now 7 million Americans officially listed as working part time who want to work full time. That rate of part time employment is almost twice pre-Obamacare levels.
From EPA, IRS, FDA, and other alphabet soup agencies come almost weekly announcements of new regulations each of which further cripples job creation.
Chinese Currency Manipulation Hurts American Workers
The third impediment to upward job mobility among “average” Americans are massive imports from China. The Economic Policy Institute, a left-leaning think tank, estimates that the U.S. has lost 2.7 million jobs as a result of Chinese trade practices since 2001, 2.1 million in manufacturing alone. The think tank notes that “wages of American workers have also suffered due to the competition with [China]. A typical two-earner household loses around $2,500 per year from this dynamic.”
Some of the Chinese advantage comes from cheaper labor. But much stems from currency manipulation to which Obama, as President, and Hillary, as his Secretary of State, turned a blind eye and a deaf ear.
President Obama recently opined that we needed “to make sure our goods are not artificially inflated in price and their goods are not artificially deflated in price; that puts us at a huge competitive disadvantage.” But, despite these noble sentiments, he has refused — for six years — to certify China as a currency manipulator and has, each year, certified (as required by Congress) that it is not.
The Economic Policy Institute says eliminating China’s currency manipulation would expand U.S. employment by 2.3 million to 5.8 million jobs, 40 percent of which would be in manufacturing.
Yet in all of her dealings with China, Secretary of State Hillary Clinton has done nothing to curb Chinese currency manipulation.
Could the fact that Bill Clinton have gotten hundreds of thousands of dollars in speaking fees for appearing before Chinese organizations, often sponsored by the PRC government, have anything to do with this inaction?
Hillary’s policies have had a major hand in developing the income inequality which she is so fervent in condemning.