Today's Hillary News & Views begins with Clinton's appearance on the Late Show with Stephen Colbert, where she made some policy news.
Hillary Clinton told Stephen Colbert on Tuesday that, as president, she would let the big banks fail if they were to get into trouble. That's a departure from what her former boss, President Barack Obama, did in 2009. "If you're president and the banks are failing, do we let them fail?" asked Colbert, host of CBS' "The Late Show."
"Yes, yes, yes, yes, yes, yes, yes," Clinton said emphatically.
"First of all, under Dodd-Frank, that is what will happen because we now have stress tests and I'm going to impose a risk fee on the big bank if they engage in risky behavior but they have to know, their shareholders have to know that yes, they will fail and if they're too big to fail. Then under my plan and others that have been proposed, they may have to be broken up."Bloomberg reports:
“We have to raise the minimum wage,” Clinton continued.
“It’s a poverty wage now. It’s disgraceful that people are working full time and cant get out of poverty. We need to incentivize for profit sharing—we need to continue to rein in the abuses in the financial system and particularly on Wall Street because it did contribute to the problems we had in the economy.”
Colbert retorted, “You put forth a plan for Wall Street and Wall Street embraced it—is that a good sign?
Clinton singled out New York Times columnist Paul Krugman's approval of her plan, before adding, "Look at what happened in '08, we had a big insurance company that had to be bailed out, we had an investment bank, Lehman Brothers, that failed. We have to look at the whole financial system and my plan does that.”Jezebel reports:
The second half of the interview pivoted to politics: “Why do you want to be President of the United States?” Colbert asked.
“I want to build on the progress we’ve made. We’ve got to defend the progress we’ve made on women’s rights and gay rights,” Clinton answered.
She rehashed her talking points about the economy, her commitment to President Obama’s policies and focus on rebuilding the middle class.The Huffington Post reports:
Clinton rallied behind the Dodd-Frank Act, which came into law in 2010 as a response to the Great Recession, and pointed toward the collapse of Lehman Brothers and bailouts of insurance and investment firms.
The interview also heavily focused on her desire to build on President Obama's support for the middle class while brushing off the notion that she would not be running any of her predecessor's third term.
"I'm not running for my husband's third term, I'm not running for Obama's third term, I'm running for my first term, but I'm going to do what works," she said.
"We have an understanding of what works. The wealthy need to pay more, I'm sorry to break it to you."Clinton picked up the endorsement of leading progressive Senator Sherrod Brown from Ohio. MSNBC reports:
Ohio Sen. Sherrod Brown, a liberal favorite who stayed neutral in the 2008 Democratic primary, has endorsed Hillary Clinton over his colleague Sen. Bernie Sanders in the 2016 race.
“As Ohio’s working families continue to recover from the worst economic recession in our country’s history, we need a president who’s committed to growing our economy by lifting up the middle class,” Brown said in a statement.
“I am proud to endorse her today because I know she will keep Ohio moving forward.” Brown’s support comes a day after Clinton picked up the endorsement of Delaware Sen. Tom Carper, who had said he would support fellow Delawarean Joe Biden if the vice president entered the race.
“From opposing unfair trade deals to fighting for a fair financial system, Hillary Clinton has shown she puts working families first. She knows as president that her first job will be creating jobs for the middle class,” he said.
.@HillaryClinton just got a big endorsement from one of the Senate's progressive leaders. ➞ https://t.co/XyxAuTfcIz pic.twitter.com/r1WYiD6ayq— The Briefing (@TheBriefing2016) October 27, 2015
Democratic presidential candidate Hillary Clinton on Tuesday condemned the actions of a South Carolina school resource officer who attacked a high school student sitting in her chair and then dragged her across the floor. Video of the incident went viral on Monday, and Clinton tweeted that the actions of the officer, Deputy Ben Fields, were unacceptable.
There is no excuse for violence inside a school. The #AssaultAtSpringValleyHigh is unacceptable—schools should be safe places. -H— Hillary Clinton (@HillaryClinton) October 27, 2015
The Guardian reports:
The four ads, each of which centers around a female protagonist, address middle class priorities such as instituting equal pay, expanding college affordability and raising incomes. Clinton provides a voiceover but does not appear directly in the ads, which will air on broadcast and cable in the key early voting states of Iowa and New Hampshire, according to a Clinton aide.
“On average, women need to work an extra two hours each day to earn the same paycheck as their male co-workers,” Clinton says in one ad.
“The top 25 hedge fund managers make more than all of the kindergarten teachers in America combined,” she notes in another.
Clinton’s ads are nonetheless marked by an air of simplicity, in that each spot introduces an issue and closes with Clinton’s voice asking voters to “join the fight”.