Hillary Clinton Says Husband to Lead Economic Revitalization If She Is Elected
UPDATE: On Monday afternoon, when pressed for specifics, Hillary said her husband would not be part of her cabinet:
— Liz Kreutz (@ABCLiz) May 16, 2016
Hillary Clinton has hinted before that she would be offering her husband, former President Bill Clinton, a position in the White House if she’s elected as president in November. At a Kentucky rally on May 14, Hillary was more specific, tapping her husband to be “in charge of economic revitalization.”
“My husband, who I’m going to put in charge of revitalizing the economy, ’cause you know he knows how to do it,” Clinton told the crowd, “And especially in places like coal country and inner cities and other parts of our country that have really been left out.”
The announcement that her husband would take an active part in a Clinton administration is based on his resume as president between 1993 and 2000, pointing to his successes in job growth.
According to the White House website, Bill’s economic strategy included:
“(1) establishing fiscal discipline, eliminating the budget deficit, keeping interest rates low, and spurring private-sector investment; (2) investing in people through education, training, science, and research; and (3) opening foreign markets so American workers can compete abroad.”
This strategy helped create 22 million jobs, and unemployment and core inflation were at their lowest point in 30 years.
Despite his successes, critics have pointed to weaknesses in his legacy, especially in the area of trade. The North American Free Trade Agreement (NAFTA) was signed into law early in his administration, and other other trade agreements that dramatically increased the amount of trade from Mexico and China, leading to a loss of American jobs.
The Clinton administration also pulled back on regulations for banks and Wall Street, which critics have argued was one of the reasons for the economic collapse and bailout in 2008.
Both the presumptive nominee of the Republican party Donald Trump and Democratic candidate Bernie Sanders have tied Hillary Clinton to her husband’s policies on trade and Wall Street regulation, making the topics cornerstones of their campaigns.