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On the Campaign Trail in Florida, Hillary Clinton Responds to Donald Trump’s Economic Speech

FLORIDA–(ENEWSPF)–August 8, 2016.  Today while campaigning in Florida, Hillary Clinton responded to Donald Trump’s speech from earlier in the day laying out his economic plans. His plan will cause damage to the American economy and hurt working families, while propping up the wealthiest Americans, Wall Street and largest corporations.

Clinton’s remarks, as transcribed, are below:

“So today in Detroit, he’s got a dozen or so economic advisers he just named, hedge fund guys, billionaire guys, six guys named Steve, apparently. And so they wrote him a speech and he delivered it in Detroit. Now, they tried to make his old, tired ideas sound new. But, here’s what we all know, because we heard it again.

“His tax plans will give super big tax breaks to large corporations and the really wealthy, just like him and the guys who wrote the speech, right? He wants to roll back regulations on Wall Street. He wants to eliminate the Consumer Financial Protection Bureau, which has saved billions of dollars for Americans. He wants to basically just repackage trickle down economics.

“Now, you know that old saying, fool me once, shame on you, fool me twice, shame on me? Trickle down economics does not help our economy grow. It does not help the vast majority of Americans, but it does really well for people already at the top.

“Well we’re going to turn that upside down. We’re going to make the wealthy pay their fair share in taxes for a change. And I have said throughout this campaign, I am not going to raise taxes on the middle class, but with your help, we are going to raise it on the wealthy, because that’s where the money is. You know that old movie, ‘Follow the Money’ – well one tenth of one percent has gotten 90 percent of the income gains.

“So, here’s the other thing I want you to know, because I want you to tell your friends: don’t let a friend vote Trump. So here’s the deal. He can’t escape the math. Now you know, math can be kind of inconvenient if it doesn’t add up the way you want it to. And economists left, right, in the middle all say the same thing. That Trump’s policies would throw us into a recession, the last thing we need. He would undermine the growth that we’ve had since the Great Recession.

“One independent expert — actually, the economist who advised John McCain in 2008, so you know, not somebody that has any pre-disposition towards our side. But this economist did a study. He said under Trump’s economic plans, we would lose, in America, 3.5 million jobs. Now, he compared it with what I have proposed, and he said in comparison, my plans would create at least 10 million jobs in the first four years for the economy.

“So if we just take Florida and compare it, right here in Florida, Florida would gain 650,000 jobs under my plans, lose more than 200,000 jobs under Donald Trump’s – a difference of 850,000 Florida jobs. Now, I just think we’ve got to look at this in a very clear way.

“They are just playing the same old siren song. And why they haven’t learned we are not interested in economic plans that only help the top one percent, it’s time to help everybody else in America get ahead and stay ahead.

“So it’s clear, and a lot of journalists have written this, that Trump is scrambling to do damage control. That’s why he listed those dozen new economic advisors: three Wall Street money managers, an oil baron, a former chief economist from one of the banks at the heart of the financial crisis — but this is from a guy who has said that he knows more than the generals about ISIS. So he’s not only putting our national security at risk. Now he’s putting our economy at risk. So, I’ve got to tell you people, this is going to be a very important next three months.”