At the time, people freaked out about this. But I now see it as an early warning sign.
Clinton, was campaigning against Obama in the primaries in 2008. Keep in mind 2 things
- Her proposals was if elected, she would do this in 2009, and
- In spring 2008, the recession and financial crisis were still mild. It wasn't until September that the stuff hit the fan.
Anyway, she proposed suspending the federal tax on gasoline during peak summer driving months as a way to help out the economy.
She was pushed on this by Paul Krugman (Princeton University trade theorist, opinion columnist for The New York Times, future Nobel Prize winner, generally a progressive), who asked her to name "... A credible economist who supports the suspension ..."
Her response, on national TV I might add (when the networks were more important and there was no streaming), was
"I'm not going to put my lot in with economists".
Who, pray tell, was she going to throw her lot in with on economic issues??
FWIW: While she did say this, Clinton is one of those mainstream Democrats whose views have been blocked out by the progressive wing of the Democratic party.
P.S. In 2021, I was unable to find a video clip of this. But I found a transcript (read quickly or go back, to avoid the ad). The full quote is very much in line with Mason's view of the "Biden stimulus package": it's right because the politicians said so, and the economists should be closed out.
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