Hillary Clinton: It's not businesses that create jobs
An odd moment from Hillary Clinton on the campaign trail Friday - and one she may regret.
Speaking at a campaign event Friday for struggling Massachusetts gubernatorial candidate Martha Coakley, Clinton offered this argument against "trickle down" economics - which focuses on cutting taxes and regulations so businesses can grow:
"Don't let anybody tell you that it's corporations and businesses that create jobs. You know that old theory, trickle-down economics. That has been tried, that has failed. It has failed rather spectacularly. One of the things my husband says when people say, 'What did you bring to Washington?' He says, 'I brought arithmetic.'
If the former secretary of State runs for president in 2016, as she is widely expected to do, there is no doubt Republicans will make hay out of this comment.
It is reminiscent of President Obama's "you didn't build that" comment in July 2012 that became a pillar of Republican Mitt Romney's campaign against him and a primary theme of the Republican convention. Obama was making the case that successful businesses were partly dependent on infrastructure like road and bridges were provided by the government. But the money quote, repeated over and over in Republican talking points, became "If you've got a business -- you didn't build that. Somebody else made that happen."