Hillary Clinton Quotes About Wall
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Hillary Clinton at the end of the day will be a friend of Wall Street.
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Look at what I am proposing, and we [wih Bernie Sanders] have a vigorous agreement here. We both want to reign in the excesses of Wall Street. I also want to reign in the excesses of Johnson Controls that we bailed out when they were an autoparts company, and we saved the auto industry, and now they want to avoid paying taxes.
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Wall Street can never be allowed to threaten main street again. No bank can be too big to fail, no executive too powerful to jail.
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When I was a Senator from New York, I represented and worked with so many talented principled people who made their living in finance. But even thought I represented them and did all I could to make sure they continued to prosper, I called for closing the carried interest loophole and addressing skyrocketing CEO pay. I also was calling in '06, '07 for doing something about the mortgage crisis, because I saw every day from Wall Street literally to main streets across New York how a well-functioning financial system is essential.
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We should be breaking down barriers not building walls. We're not going to succeed by dividing this country between us and them. You know, to be great, we can't be small. We can't lose what made America great in the first place.
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We've got to be prepared to stop these guys if they ever try to use their economic power once again, to hurt the economy, and to hurt so many Americans. And my plan, Paul Krugman, Barney Frank, a lot of experts who understand what the new challenges might be, have said I am exactly on point, and the Wall Street guys actually know that.
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I've laid out my economic plans. I want to grow the economy. That's why I have plans for jobs and raising incomes. I do want to go after bad actors on and off Wall Street, because I think companies that take money from federal, state, and local governments and then pick up and move should have to pay that back.
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I believe American corporations that have gotten so much from our country should be just as patriotic in return. Many of them are, but too many aren't. It's wrong to take tax breaks with one hand and give out pink slips with the other. And I believe Wall Street can never, ever be allowed to wreck Main Street again.
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I called for a consumer protection financial bureau before it was created. And I think the best evidence that the Wall Street people at least know where I stand and where I have always stood is because they are trying to beat me in this primary.
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If you're a realist, you know that people have different roles to play in politics, economics, and this is an important role, but I do think that there has to be an understanding of how what happens here on Wall Street has such broad consequences not just for the domestic but the global economy, so more thought has to be given to the process and transactions and regulations so that we don't kill or maim what works, but we concentrate on the most effective way of moving forward with the brainpower and the financial power that exists here.
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I've heard [Bernie] Sanders comments, and it's really caused me to wonder who's left in the progressive wing of the Democratic Party. Under his definition, [Barack] Obama is not progressive because he took donations from Wall Street; [Joe] Biden is not progressive because she supported Keystone; [Jeanne] Shaheen is not progressive because she supports the trade pact. Even the late, great Paul Wellstone would not fit this definition because he voted for DOMA.
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If we're going to be an effective, efficient economy, we need to have all part of that engine running well, and that includes Wall Street and Main Street.
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A Wall Street money manager should not be able to pay a lower tax rate than a teacher or a nurse.
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Sometimes, in public life, people ask inappropriate, off-the-wall kinds of questions, don't they?
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Let's stop for a second and remember where we were eight years ago [in 2008]. We had the worst financial crisis, the Great Recession, the worst since the 1930s. That was in large part because of tax policies that slashed taxes on the wealthy, failed to invest in the middle class, took their eyes off of Wall Street, and created a perfect storm.
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If you were an elected member of Congress and people in your constituency were losing jobs and shutting businesses and everybody in the press is saying it's all the fault of Wall Street, you can't sit idly by and do nothing, but what you do is really important.
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You've got to ask yourself, why won't Donald Trump release his tax returns? I think there may be a couple of reasons. First, maybe he's not as rich as he says he is. Second, maybe he's not as charitable as he claims to be. Third, we don't know all of his business dealings, but we have been told through investigative reporting that he owes about $650 million to Wall Street and foreign banks. Or maybe he doesn't want the American people to know that he's paid nothing in federal taxes.
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I don't think all the blame lies with Wall Street. I think a lot of the blame lies with the [George W.] Bush administration. They went back to trickle-down economics. They took their eye off the mortgage market, they took their eye off the finance markets, and we ended up in a big mess.
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What I want people to know is I went to Wall Street before the crash. I was the one saying you're going to wreck the economy because of these shenanigans with mortgages. I called to end the carried interest loophole that hedge fund managers enjoy. I proposed changes in CEO compensation.
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I think it's a broader target list than just Wall Street, and I believe that we have to be very focused on how we try to take back the power and increase the empowerment of the American people. And, I think I have that kind of experience, maybe because they've beat me up for so many years, and I know exactly how to handle them because I've been in the arena with them time and time again.
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Hillary Clinton
- Born: October 26, 1947
- Occupation: Former United States Secretary of State
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