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Briefs - BUDGET AND ECONOMY |
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quotes are by General Wesley Clark unless otherwise identified |
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Excerpt from
Speech on Public Service,
October 16, 2003. |
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In Vietnam, I was hit by four rounds and came home
on a stretcher. When others left the army, I stayed
in. We lived in 31 countries, had 20 jobs, and joked
that we're always on the road - and it wasn't the road
to riches.
As for the pay, we called it "genteel poverty."
We were always struggling to save $100 - $200 a month.
We kept clothes longer, drove the car farther, put up
with the cranky vacuum cleaner a few years more.
But it was so fulfilling. For me, there was no greater
honor - no way to be nearer to the heart of what mattered
in America -- than to be serving and protecting the
country.
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Excerpt from The Daily Telegraph,
Familiar trail of Democrat hopeful,
October 14, 2003.
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Gen Clark's years at Magdalen (Oxford), from 1966
to 1968, were successful. He won a swimming Blue and
took a degree in Politics, Philosophy and Economics
(...)
At the same time, he was a serving US army officer,
freshly graduated from West Point military academy.
His friends and comrades were fighting and dying in
Vietnam, and he knew he would be joining them. He married
his American sweetheart, Gert, in his second year at
Magdalen
(...)
Now, in a scarier, more hostile world, Democrats are
sorely tempted by the cross-party appeal of a decorated
four-star general, who just happens to be a social liberal
(...)
Stew Early, a fellow Rhodes scholar and Gen Clark's
oldest Oxford friend, thought a mixture of personal
loyalty and ambition drove him. Mr Early argues that
party labels do not fit his friend "To the extent
that you might have thought he was a Republican, I don't
think he identified with the business establishment,
or great wealth," he said. "That wasn't where
he came from. He wanted to become a great general."
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Excerpt from Fox News,
Democratic Candidates Develop Economic Platforms,
October 13, 2003.
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In one of his first speeches as a candidate last month,
Clark said that it is ineffective to borrow billions
of dollars to give to millionaires ... I will reduce
the tax cuts Mr. Bush gave the richest households --
those making more than $200,000 a year.
Clark said he would use the additional revenue to pay
for homeland security, aid bankrupt state and local
governments and create jobs.
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Excerpt from NAACP Presidential Roundtable,
General dominates discussion,
October 13, 2003.
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Clark said Bush's tax cuts have made minority communities
poorer, furthering their already unstable economic situation.
"We're hemorrhaging jobs out there," he said.
"We need to have an active job creation process
in America."
"I would go to the U.N. and say my predecessor
was wrong," said Clark, who took a lambasting from
the other Democratic candidates in Phoenix for his wavering
stance on Iraq.
"I'm willing to concede control," he said.
"It's time to protect the American people from
the real danger, and that's the people who ran into
the World Trade Center."
But there was one aspect of the Iraq rebuilding process
the three candidates in the debate agreed on: the Bush
administration's request for $87 billion in additional
rebuilding funds.
"The $87 billion should not, cannot, will not
be approved before the American public knows what it's
going toward," Clark said.
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Excerpt from Business Week,
Marching Down the Middle,
October 13, 2003.
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ROLL BACK THE TAX CUTS. Unlike Presidential hopefuls
Dean and Representative Richard A. Gephardt (D-Mo.),
who would repeal all of Bush's tax cuts, Clark would
cut only those tax breaks for families making $200,000
a year or more. Ending those breaks would generate about
$50 billion a year in 2004 and 2005 and $900 billion
through 2013.
The plan is drawing fire from Republicans, who say
Clark will boost taxes on small business. But the rollback
would give Clark the money to accomplish several other
goals, including beefing up homeland security, paying
for a health-care initiative and other domestic spending,
and reducing the deficit.
IT'S STILL THE ECONOMY, STUPID. Top on Clark's list
is an economic stimulus plan. Clark would use $100 billion
over the first two years, including $40 billion to boost
investment in homeland security and infrastructure such
as roads and hospitals. A further $40 billion would
help hard-pressed states in education and health care;
and $20 billion in tax breaks would encourage companies
to purchase new equipment, hire workers, and keep manufacturing
jobs in the U.S. But $50 billion a year is not much
money in a nearly $11 trillion economy. And Clark would
simply replace Bush's mostly supply-side tax cuts with
an equal amount of demand-side spending.
ATTACK THE DEFICIT. Clark would use some revenues generated
by his upper-bracket tax hike to fund a still-evolving
health-care plan and other initiatives. The rest --
maybe $500 billion -- would go for deficit reduction.
But even that would trim cumulative deficits by just
10% over the next decade, according to private estimates.
And it is unlikely that candidate Clark will roll out
a specific plan for long-term fiscal balance. Such a
proposal would require even bigger tax hikes, as well
as sharp cuts in popular programs such as Medicare --
issues that candidates are loath to tackle.
KEEP ON TRADIN'. Clark is a Clintonesque free-trader
who backs existing accords such as NAFTA and the World
Trade Organization. But he would insist that new agreements
satisfy international environmental and labor standards,
and he opposes fixed exchange rates in countries such
as China -- a policy that would boost U.S. exporters.
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Excerpt from Senator Harkin's Hear it from the Heartland
forum,
Democrat Clark, in Iowa, Calls for New U.S. Vision,
October 6, 2003.
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Clark said Bush's economic policies were "heartless,
reckless and wrong" and touted his $100 billion
economic plan, which would repeal Bush's tax cuts for
those making more than $200,000 a year and put the money
into homeland security, relief for state governments
and business tax incentives.
Clark said he favored improvements in the North American
Free Trade Agreement and said he would not approve any
new trade agreement that did not require U.S. partners
to meet at least international labor and environmental
standards.
"There is a smarter and a better way to do it
than what emerged in the 1990s with NAFTA," he
said of U.S. trade agreements, saying the nation cannot
open markets "willy nilly" without facing
more job losses.
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Excerpt from Arkansas Gazette,
Clark lets positions be known,
October 6, 2003.
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Ordinary Americans" need to receive a greater
share of the nation's economic prosperity. "It
is ordinary men and women who have made the wealth of
this country, and they deserve more of the benefit of
it," he said.
He added: "We're going to look at the tax code.
We're going to look at other things."
Clark has already called for taking back tax cuts that
those making more than $200,000 a year have received
since President Bush took office in 2001 and using the
money saved $100 billion over two years
to fund a variety of job-creation initiatives, including
projects related to homeland security.
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Excerpt from Meet the Press interview,
October 5, 2003.
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Taxes are something that you want to have as little
of as possible, but you need as much revenue as necessary
to meet people's needs for services."
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Excerpt from Times Record News,
Midwestern University TX Speech,
September 29, 2003.
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Clark is a Clintonesque free-trader who backs existing
accords such as NAFTA and the World Trade Organization.
But he would insist that new agreements satisfy international
environmental and labor standards, and he opposes fixed
exchange rates in countries such as China -- a policy
that would boost U.S. exporters.
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Excerpt
from Dallas Morning News,
Clark survives debate, as hopefuls target Dean,
September 26, 2003. |
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Others including Gen. Clark, Sens. John Kerry
of Massachusetts, Joe Lieberman of Connecticut, John
Edwards of North Carolina, and Bob Graham of Florida
said only tax cuts for the wealthiest Americans
should be reversed. They said full repeal would increase
the tax bills of already-struggling working families.
Gen. Clark said he believes in free trade but said
the country needs to make sure it is fair to American
workers. The former NATO commander said he is still
developing his anti-deficit and health care plans.
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Excerpt
from Speech,
Job Creation Plan, New York
September 24, 2003. |
Mr. Bush has said his tax cuts for the rich will
create jobs. The Domino Sugar Refinery across the
river is closing; 200 workers are losing their jobs.
That is hardship enough. But these workers have to
look for new jobs in a Bush economy that is creating
none.
(...)
One week ago today, I stood up in my hometown of Little
Rock, Arkansas, and said "YES" to thousands
of people across the country who have spent their
time and energy and money urging me to run for President.
Like millions of Americans, they got tired of seeing
hardworking mothers and fathers lose their jobs and
fear for their families. They got tired of hearing
about Americans losing health insurance, facing sickness,
and falling into debt. They got tired of seeing the
Administration do nothing to get us out of this mess
but repeat the same old mistakes that got us into
it. They got tired of hearing why we had to call time
out in our war against Al Qaeda so we could start
a war in Iraq.
(...)
Protecting the country in the 21st century requires
more than a strong military. It requires a strong
economy that generates jobs, economic growth, and
the revenues we need to defend American lives and
property - wherever they are in the world. We simply
cannot have strong security without a strong economy.
A key source of our strength abroad is the hard work
and high employment of Americans here at home.
But you don't have a chance if you can't find a job.
I don't think it penetrates the minds of this Administration
what it must be like for a factory worker to arrive
home to his family with the news that he's been laid
off. What it must be like not to know what the future
holds for your children, because you don't know what
the future holds for you. What it must be like to
see the government take hundreds of billions of dollars
that could be used to fund job training, unemployment
benefits, or jobs programs - and instead to send that
money off to people who have such staggering wealth
that the new money won't make the tiniest improvement
in their lifestyle. What it must be like to be told
that tax cuts for the rich are necessary to create
jobs for working people, and then to see jobs fall
month after month for more than 30 months. If that
doesn't break your heart, you don't have a heart.
(...)
In the eight years before Mr. Bush, the economy created
nearly 21 million private-sector jobs. In the three
years under Mr. Bush, the American economy has lost
more than 3 million private-sector jobs. Under Mr.
Bush, we have lost 2.5 million manufacturing jobs.
We have lost another half million jobs in telecom
and high tech. Unemployment has jumped from 4 percent
to 6 percent. Last year, more than 1.4 million Americans
sank into poverty; 700,000 of them were children.
(...)
Three years ago, we were told we were getting a compassionate
conservative. What we got instead were massive tax
cuts for the rich, staggering deficits for the country,
and the worst job losses since the Great Depression.
That's not compassionate or conservative; it's heartless,
it's reckless, and it's wrong
(...)
The most effective way to help an unemployed worker
is not to run out and borrow billions of dollars to
give to millionaires. That's what they're doing when
they pass these massive tax cuts for the rich that
deepen the deficit. They're borrowing billions of
dollars to give to millionaires. It ought to be obvious
by now - it just doesn't work. In the area of economics,
this White House still needs some basic training
(...)
My Job Creation Plan will directly fund job creation
in a fiscally responsible way. Fiscal discipline requires
not only reducing the deficit. It requires moving
money from areas where it isn't advancing national
goals, and directing it to areas where it is. So I
will reduce the tax cuts Mr. Bush gave the richest
households - those making more than $200,000 a year,
and directs that money to three job-creating funds.
First: The Homeland and Economic Security
Fund would invest $40 billion over two years to directly
fund jobs that immediately improve our security. The
Bush Administration has shortchanged vital areas of
homeland security. The Council on Foreign Relations
released a bipartisan study this summer that said that
the nation is dramatically underfunding efforts to prepare
police, fire and ambulance personnel for terrorist attacks.
This fund would improve our defenses against terrorist
attack by paying to train more firefighters and police
officers, hire more Coast Guard, customs Service, and
law enforcement personnel. The fund would also pay for
construction projects to safeguard bridges, ports and
tunnels; and fund high-tech efforts to develop ways
to detect biological and chemical weapons and materials.
Second: Another $40 billion will go to
the State and Local Tax Rebate Fund. Mr. Bush's tax
cuts have had a brutal effect on state governments.
In some states, their tax code is linked directly to
the federal tax code, so a tax cut at the federal level
translates into automatic tax cuts at the state level.
But the states, unlike the federal government, must
balance their budgets - so the Bush tax cuts force state
budget cuts in areas such as education and health -
even in prisons. The Center on Budget and Policy Priorities
has concluded that state budget cuts could push nearly
2 million people off Medicaid - denying poor mothers
the chance to take a sick baby to the doctor.
My plan will give $20 billion to states
to help keep tuition increases down and help state and
local government train workers for new jobs. Another
ten billion will go to states to help them meet the
increasing cost of health care. The final ten billion
will help states fund important jobs in law enforcement,
corrections and social services.
Finally, my plan will set aside $20 billion
over two years for Tax Incentives for Job Creation.
Businesses are not hiring new employees even though
the economy is growing, partly because the growth is
weak and businesses aren't sure it will last. I'm proposing
a new job creation tax credit that will reduce the cost
for a business to hire a new employee. The plan will
offer up to $5,000 tax credit for each additional full-time
employee any business hires in 2004 and 2005. The plan
will also encourage small and medium-sized businesses
to invest in new equipment by allowing these firms to
write-off up to $150,000 in investments over the next
two years.
If any businesses are thinking of buying
major new equipment over the next several years, this
tax change will encourage them to do it now, and create
the stimulus when the economy most needs it. As President,
I will also order an immediate review to determine whether
any tax and spending provisions provide manufacturing
firms an incentive to move jobs overseas. No tax incentives
offered by the government of the United States should
harm the workers of the United States. At the same time,
we will review trade agreements to make sure our trading
partners have opened their markets to our goods. We
will insist that China should play by international
norms and not set its currency at artificially low levels
that give their exports unfair advantage, and we will
reverse the cuts Mr. Bush has made to the Manufacturing
Extension partnership - a project that is shown to help
firms increase or retain jobs.
(...)
Again, this $100 billion, two-year Job Creation Plan
will not increase the deficit. It simply moves $100
billion from tax cuts for households making more than
$200,000 a year and directs it to job creating funds
that will help middle-income and working class families.
I'm promoting a New American Patriotism - because it
is vital to the life and health of this country that
we criticize our leaders fairly - but freely. Some ask:
How can you criticize the President at a time of war?
I answer: "How can you not?" Eighteen months
ago, Mr. Bush said in his State of the Union Address:
"My economic security plan can be summed up in
one word: "jobs." We can now sum it up in
one word: "failure." We cannot afford failure.
We can't be forced to accept failure just because we're
at war. In fact, we cannot tolerate failure precisely
because we are at war.
I am not making a partisan comment. The
chance to earn a living is not a partisan issue. Yet
when we point out the facts, they will call us unpatriotic;
or they will call us left-wing liberals - even though
I have been non-partisan my whole professional life.
I don't oppose the President's policies because they
are Republican policies. I oppose them because they
don't work. If they worked, I wouldn't be here. If he
admitted they didn't work and changed them, I wouldn't
be here.
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Excerpt from Austin American Statesman,
Former NATO commander joins race,
September 18, 2003. |
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Clark vows to "hold the present administration
accountable."
"For the first time since Herbert Hoover's presidency,
a president's economic policy has cost us more jobs
than our economy has had the energy to create,"
he said. "For the first time since the 1960s and
early '70s, we have more than 100,000 troops abroad,
and, once again, at home Americans are worried about
their civil liberties. And for the first time since
the Cold War, Americans no longer feel safe in their
homes and workplaces."
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