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Democrats' Attacks On Business Heat Up
WSJ ^ | February 16, 2008 | LAURA MECKLER and KRIS MAHER

Posted on 02/18/2008 5:40:55 AM PST by Brilliant

As the Democratic presidential contest moves to the distressed industrial Midwest, Hillary Clinton and Barack Obama have ratcheted up their antitrade, anticorporate rhetoric.

The candidates have made broad attacks on corporate wealth and tax cuts they say tilt toward the rich, along with more specific attacks against health insurers and oil companies, among other industries. On Friday, Mrs. Clinton began airing a TV spot in Wisconsin in which she says, "The oil companies, the drug companies, have had seven years of a president who stands up for them.... It's time we had a president who stands up for all of you."

Both candidates increasingly sound like former North Carolina Sen. John Edwards as they pursue his endorsement and the voters -- particularly union members -- who were drawn to the populist candidate before he dropped out last month. Illinois Sen. Obama got a boost toward that goal Friday with the backing of the Service Employees International Union, one of the most politically powerful labor organizations.

SEIU long was too divided to make a national endorsement, but Mr. Edwards's withdrawal and Mr. Obama's momentum made a choice easier. Now the union has organizers on the ground working for the Obama campaign in Wisconsin, which holds the next primary Tuesday. "It has now become clear the members of our union and the leaders of our union think that it is time to become part of an effort to make Barack Obama the next president of the United States," said Andy Stern, the union's president, during a phone conference with reporters.

One factor in the endorsement is the North American Free Trade Agreement, signed into law by President Bill Clinton in 1993 and blamed by many unions for sending jobs to Mexico. Sen. Obama has increasingly hit Mrs. Clinton on Nafta...

(Excerpt) Read more at online.wsj.com ...


TOPICS: Business/Economy; Politics/Elections
KEYWORDS: 2008; clinton; democratparty; economy; elections; hillary; obama; sieu; unionvote

1 posted on 02/18/2008 5:40:57 AM PST by Brilliant
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To: Brilliant
With manufacturing struggling to keep up with China, India and who knows where else, it wont take a lot of pushing to create massive jobs layoffs.

I cant wait till the next president (whomever) gets to pull the levers and sees what kind of disasters await. tens of millions of currently employed will be on the dole. Talk about a budget buster....

Hillary won't be able to print money fast enough to pay for all the unemployment benefits. get read for stagflation, 20% interest rates and reruns of the Carter years.

2 posted on 02/18/2008 5:47:28 AM PST by x_plus_one (Trust in God but keep your powder dry... --Oliver Cromwell)
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To: Brilliant

W blamed the 2000 to 2003 downturn on businesses and we got Sarbanes Oxley as a result. Are the Democrats being any worse than that?


3 posted on 02/18/2008 5:51:45 AM PST by Moonman62 (The issue of whether cheap labor makes America great should have been settled by the Civil War.)
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To: Moonman62

Well, Sarbanes was a Democrat, so this is merely a continuation of that.


4 posted on 02/18/2008 5:54:40 AM PST by Brilliant
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To: Brilliant
Uh, Hill? I need gas and my Doctor says I need drugs. If you rape and pillage the petroleum and drug companies what will I do? Oh, THAT’S RIGHT! I won’t be allowed to use oil and my drugs will have to come only with your permission! And if I don’t “vote right” (er left) then I won’t get them! That’s the ticket!!!
5 posted on 02/18/2008 6:10:21 AM PST by Shady (The Fairness Doctrine is ANYTHING but fair!!!!)
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To: Moonman62

W blamed the 2000 to 2003 downturn on businesses and we got Sarbanes Oxley as a result. Are the Democrats being any worse than that?
_______________

Yes, they are being worse. They want to raise taxes (W dind’t), they want to end free trade W didn’t) and they want to increase spending for universal health care/etc...


6 posted on 02/18/2008 6:10:32 AM PST by Tulane
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To: x_plus_one

She will of couse claim she ‘inherited’ the situation.


7 posted on 02/18/2008 6:17:12 AM PST by SMARTY ('At some point you get tired of swatting flies, and you have to go for the manure heap' Gen. LeMay)
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To: Shady

Well, she’ll “give” you that stuff,

as long as you don’t smoke, don’t eat fatty foods, exercise properly, install flourescent bulbs, don’t live in a house that’s too large, ride a bicycle instead of driving, have the right “viewpoint” on gays and other deviants, aren’t too old, too young, etc...


8 posted on 02/18/2008 6:20:32 AM PST by MrB (You can't reason people out of a position that they didn't use reason to get into in the first place)
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To: Brilliant

I guess they figure they can do without the $30 Billion Exxon pays in taxes. Any excess profits taxes will come from the shareholders.


9 posted on 02/18/2008 6:27:55 AM PST by Mike Darancette (Democrat Happens!)
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To: Tulane

“Yes, they are being worse. They want to raise taxes (W dind’t), they want to end free trade W didn’t) and they want to increase spending for universal health care/etc...”

They also want to impose huge costs on us for global warming through carbon taxes and moratoriums on oil and natural gas exploration, and restrictions on coal and nuke plants. Despite the rats aversion to international trade, they will agree with China about global warming. China is blaming the US for global warming and indicating that the US should pay for its carbon pollution. China wisely has no interest in global warming except to hamper the rest of the world. China will continue to build coal and nuke plants are a furious pace.


10 posted on 02/18/2008 6:45:25 AM PST by businessprofessor
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To: businessprofessor

Good points. And one more:

Let’s don’t forget about their abhorance to secret ballots when in comes to union representation. Essentially they want to make Michigan the economic model for the enitre country.

Yet some on here want us to stay home in November!


11 posted on 02/18/2008 6:48:00 AM PST by Tulane
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To: Brilliant

12 posted on 02/18/2008 7:51:44 AM PST by george76 (Ward Churchill : Fake Indian, Fake Scholarship, and Fake Art)
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