Hillary at meeting with economists: We need to “topple” the wealthiest one percent

posted at 11:31 am on April 21, 2015 by Allahpundit

The first thing I thought of while reading this was Romney trying to impress CPAC a few years ago by calling himself “severely” conservative. Coming from a committed populist ideologue like Elizabeth Warren, this might sound ominous. Coming from Hillary, it reeks of someone trying way, way too hard to sound like they’re part of the tribe.

In her 2008 campaign, Mrs. Clinton touted the prosperity of the 1990s. Today, the trade deals, Wall Street deregulation, and deficit reduction Mr. Clinton oversaw are often blamed as contributing to the current divide between a tiny sliver of the wealthiest and the vast majority of Americans…

In a meeting with economists this year, Mrs. Clinton intensely studied a chart that showed income inequality in the United States. The graph charted how real wages, adjusted for inflation, had increased exponentially for the wealthiest Americans, making the bar so steep it hardly fit on the chart.

Mrs. Clinton pointed at the top category and said the economy required a “toppling” of the wealthiest 1 percent, according to several people who were briefed on Mrs. Clinton’s policy discussions but could not discuss private conversations for attribution.

It takes a net worth of around $8 million to join “the one percent.” The Clintons’ net worth is estimated at $55 million; Hillary alone got a cool $14 mil as an advance for her dismal memoir “Hard Choices.” The electorate’s usually willing to let populists slide on their personal wealth — FDR is the ultimate example but John Edwards was a lefty heartthrob for a time as recently as 2008 — but I wonder if they’ll be so forgiving for Hillary. It’s not just the tone-deaf comments about being “dead broke” after Bill’s second term ended. It’s a mix of her famous chumminess with Wall Street, the stench of oligarchy that surrounds her dynastic campaign, and the obvious opportunism involved in her seizing Warren’s core platform to try to dissuade Warren from a primary challenge. It’s just impossible to take her seriously about this anymore. That’s one of the ironies of the campaign, that the “same old Hillary” really isn’t the same anymore in terms of how she’s politically positioned.

And believe it or not, youngsters, once upon a time righties did take Hillary Clinton kinda sorta seriously as a class warrior (a fact her campaign is now desperate to remind lefties of, as proof that she’s an authentic populist after all). I myself noted more than once during the 2008 campaign how easily startling comments about collectivism and redistribution sometimes seemed to slip from her mouth. Remember when she grumbled about oil companies’ profits being at an all-time high and recommended taking them for an energy fund? Remember the “‘we’re all in it together’ society,” a bit of Warrenism several years before Warren became the rage? Remember “We’re going to take things away from you on behalf of the common good”? Calling for “toppling” the one percent is of a piece with that, a little flourish for effect from someone who knows how deeply compromised she is on this subject. If a wave of liberal populism handed Congress back to the Democrats and the White House to Hillary, it’d be worth worrying about how far she’d go to accommodate the true class warriors in her party. As it is, with the House sure to be safely Republican throughout her first term, it’s a cheesy pander aimed at keeping progressives complacent during the primaries.

Wouldn’t surprise me, in fact, if the “topple” comment was leaked by her own campaign. I wonder which one of her staffers scripted it.


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Comments

Bmore

Schadenfreude on April 21, 2015 at 1:54 PM

Bmore like Schad!

HonestLib on April 21, 2015 at 1:59 PM

Bmore like Schad!

HonestLib on April 21, 2015 at 1:59 PM

Bmore on April 21, 2015 at 2:13 PM

Topple hillary, I’m all for that.

She might open her stupid eyes and pay some attention though. Income among the poorest and lower middle class has dropped or become non existent because the economy isn’t what they report it is, and illegals have taken so many of the jobs these people usually work that the work is now no longer available for them, especially at their old wages. The new hotness is the same as the old hotness, let the illegals in, let them have all the bottom and low middle income jobs over AMERICANS, but by all means don’t enforce immigration and don’t punish employers for hiring illegals.

Andy__B on April 21, 2015 at 2:17 PM

Bmore

Schadenfreude on April 21, 2015 at 1:54 PM
.

Bmore like Schad!

HonestLib on April 21, 2015 at 1:59 PM.

.
Bmore like Schad!

HonestLib on April 21, 2015 at 1:59 PM.

Bmore on April 21, 2015 at 2:13 PM

.
Oh really … this is getting WAY outta’ hand…

listens2glenn on April 21, 2015 at 2:18 PM

“once upon a time righties did take Hillary Clinton kinda sorta seriously as a class warrior…

Yeah, well that was before Benghazi and the self-destruction of thousands of emails.

RMCS_USN on April 21, 2015 at 2:26 PM

I’ve seen that photo of cankles in her bathing suit.

CyberCipher on April 21, 2015 at 1:52 PM

Oh dayam, that’s gonna require some serious brain bleach…..

dentarthurdent on April 21, 2015 at 2:28 PM

In a meeting with economists this year, Mrs. Clinton intensely studied a chart that showed income inequality in the United States. The graph charted how real wages, adjusted for inflation, had increased exponentially for the wealthiest Americans, making the bar so steep it hardly fit on the chart.

Mrs. Clinton pointed at the top category and said the economy required a “toppling” of the wealthiest 1 percent, according to several people who were briefed on Mrs. Clinton’s policy discussions but could not discuss private conversations for attribution.

NYTimes OpEd

.
Translation:

“The economy dissolution of the U.S. required a “toppling” of the wealthiest 1 percent, of all those who are NOT part of our ‘inner-circle.’

.
She’s gonna be sooo pissed, when she finds out that the others present at this meeting don’t consider her part of the “inner circle”, either.

listens2glenn on April 21, 2015 at 2:32 PM

COMMUNISM…..Open about it, but with a softer name, after all who could be against INCOME INEQUALITY?

Tyranny has arrived in America.

PappyD61 on April 21, 2015 at 2:39 PM

She is just dropping the pretense that she cares about the “middle”. It cost her the nomination the first time around so I expect her to go full socialist this time.

weedisgood on April 21, 2015 at 2:39 PM

Project going swimmingly, Bmore.

Ignore the detractors, but gather ideas. It’ll be a 2016 HA joint effort series. No analogy can fit Hillary better, none.

Laden with criminality and blood, beached whale, for all to see. And, it’s only April 2015.

Talent!

Schadenfreude on April 21, 2015 at 2:39 PM

Ha ha …PeedHisFood=john podesta jr.

elvis lives on April 21, 2015 at 3:18 PM

Ask any Hillary supporter if he or she supports the idea of getting the corrupting influence of money out of our country’s politics.

If they say no applaud them for their honesty.

If they say yes, feel free to laugh them out of the room.

Bruce MacMahon on April 21, 2015 at 3:53 PM

hillary yells out

TOPPLE ME

I am a ONE PERCENTER AND I cheat!

Obamatrix on April 21, 2015 at 3:55 PM

So is she on suicide watch?

APACHEWHOKNOWS on April 21, 2015 at 4:19 PM

Topple the one percent!

Steal Hillary’s walker!

Meremortal on April 21, 2015 at 5:17 PM

right2bright on April 21, 2015 at 11:55 AM

You have demonstrated you know nothing about wealth and income.

The Waltons are billionaires as in around 40 billion in net worth each.

If they put all of that in the bank at 1% interest (a stupidly low return compared to other investments), their income would be how much per year, genius?

Meremortal on April 21, 2015 at 5:26 PM

One Percenter, heal thy self.

rgranger on April 21, 2015 at 6:23 PM

C’mon. This didn’t really happen.

Cladinator on April 21, 2015 at 8:30 PM

Hillary Clinton is the Democrat’s Bob Dole.

rgeaste on April 22, 2015 at 7:43 AM

Freaking classic stuff.

archer52 on April 22, 2015 at 9:42 AM

Wonder if Hilery is going to share her wealth with the poor. She could live like Mother Teresa. This would be such a great example an insure her to be the next president.

garydt on April 22, 2015 at 10:38 AM

I smell a new “Occupy” movement coming. Just in time for the next election.

Sherman1864 on April 22, 2015 at 10:48 AM

Forgive me saying so, but most of the comments in this thread do more to promote the bad philosophy of the left.

Keep the truth in front of the story. Income inequality as a shibboleth of the left should not be allowed to stand as an issue to campaign with. It transfers perception away from the failed economic policies of socialism, and provides the do-nothings with a convenient target of their anger.

“Income inequality” is played as proof of the “evil” of capitalism. Ignoring the big lie of this underlying rhetoric leaves the left with the appearance of having the moral high ground. This is the very reason why the GOP, in spite of having majorities, is failing. They give up their values and cave to the rhetoric of the left because of a thin veneer of populism.

Don’t succumb to the same tactic.

Wanting more money for oneself is fine. Getting more money by having it taken by the government from someone else, to be handed to you, is theft. Laying claim to it via the fallacious righteousness of “income equality”, makes it no less wrong. And we have been permitting the government to do exactly that for nearly 100 years now.

Freelancer on April 22, 2015 at 12:17 PM

To clarify, not all the 1%. Just the 1% who won’t give her money.

wagnert in atlanta on April 22, 2015 at 5:12 PM

So she intends to get roaring drunk and fall down to fulfill this pledge?

profitsbeard on April 22, 2015 at 7:00 PM

Please God, not 4 to 8 years of those pantsuits.

RonRon on April 23, 2015 at 6:26 AM