"The economy is not working for middle class families" - who said this in 2008?

[OKNancy]

Tonight President Bush claimed that the state of our union is strong. But for too many American families, the true “state of their lives” is one of economic anxiety and uncertainty.
After seven years of stagnant wages, declining incomes and increasing inequality, our families are working harder and harder and still falling behind. President Bush had one final chance tonight to acknowledge what the American people have known for years: that the economy is not working for middle class families. Unfortunately, what he offered was more of the same--a frustrating commitment to the same failed policies that helped turn record surpluses into large deficits, and push a thriving 21st century economy to the brink of recession.

Hillary Clinton in response to Bush's State of the Union in 2008
http://www.ontheissues.org/SOTU_2008.htm

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I'm posting this because of all the wrong-headed posts here about Hillary not caring about working people, or the middle class.
She does and she always has.

[hrmjustin]

1. But, but, but...

[OKNancy]

2. More - from 2007

Families are struggling with rising costs and falling wages. They’re working harder than ever in the last six years. Productivity has gone up 18%, but the average family income has fallen $1,300. We have now more than 45 million people living without health care, and millions more who are underinsured. We have 12 million children living in poverty. We have more people going bankrupt last year than graduating from college. Yet these are all invisible to the president and his administration.

Said at the Take Back America conference

http://www.ontheissues.org/TBA_2007.htm

[riversedge]

7. I like what she says about keeping kids out of prison...

The situation has only gotten worse.




This is in the education section. I recall that in the summer of 08 she said she would scrape the NCLB legislation and start over again (edu reform). I am hoping she still feels that way.


"... And I, for one, would much rather pay for pre-kindergarten than for more prison beds. Let’s keep kids on the right track and out of the prison system". HRC
http://www.ontheissues.org/Archive/TBA_2007_Hillary_Clinton.htm

[Man from Pickens]

3. Tell us about her $100 million dirt poor moment again

Hillary probably doesn't even know anyone who is middle class, other than those who are working as her employees (and thus are in no position to give honest feedback) - probably hasn't for decades now.

I'll believe she cares when she takes on Wall Street for real. Speechifying, anyone can do - words are empty.

[1StrongBlackMan]

10. That's not what she said. n/t

[DURHAM D]

11. She knows me. nt

[William769]

4. It just boggles the mind the shit they try & throw at her.

Reminds me of the republicans back in the 90's trying to get both Clinton heads on pikes. We all know how that turned out.

[Dont call me Shirley]

5. Bush was bragging

[OKNancy]

6. is this supporting "Wall Street" bankers?

Clinton co-sponsored requiring full disclosure about subprime mortgages

Sen. DODD: Today we are facing a crisis in the mortgage markets on a scale that has not been seen since the Great Depression: over 2 million homeowners face foreclosure at a loss of over $160 billion in hard-earned home equity; over one out of every 5 subprime loans is currently delinquent. These high default rates have frozen the subprime and jumbo mortgage markets and infected the capital markets to the point where central banks around the world have had to inject liquidity into the system to avoid the crisis from spreading to other segments of the market.

One of the fundamental causes of this serious crisis is abusive and predatory subprime mortgage lending. The Homeownership Preservation and Protection Act of 2007 is designed to protect American homeowners from these practices, and prevent this disaster from happening again. The legislation will:
realign the interests of the mortgage industry with borrowers to insure the availability of mortgage capital on fair terms both for the creation and sustainability of homeownership;
establish new lending standards to ensure that loans are affordable and fair, and
provide for adequate remedies to make sure the standards are met; and create a transparent set of rules for the mortgage industry so that capital can safely return to the market without bad lending practices driving out the good.

It is important to keep in mind that only about 10% of subprime mortgages have been made to first time home buyers. This market has not been primarily about creating a new set of homeowners; a majority of subprime loans have been refinances. While maintaining access to subprime credit on fair terms is important, too much of the subprime market has actually put the homes and home equity of American families at risk.

In the coming months, the housing crisis is going to get worse. We will need to continue to press lenders and servicers to provide real relief for homeowners threatened with foreclosure.

Source: Homeownership Preservation and Protection Act (S.2452 ) 2007-S2452 on Dec 12, 2007

[OKNancy]

8. ...or this?

Clinton co-sponsored reforming mortgage rules to prevent foreclosure & bankruptcy

Foreclosure Prevention Act of 2008 - refinance mortgages originally financed through a qualified subprime loan.
Makes FY2008 appropriations for emergency needs of states and local governments to redevelop abandoned and foreclosed homes; and the Neighborhood Reinvestment Corporation for foreclosure mitigation activities.

Helping Families Save Their Homes in Bankruptcy Act of 2008 - Authorizes a bankruptcy plan for individuals with regular income to provide for payment of such claim for a period of up to 30 years. Creates a principal residence homestead exemption for debtors over 55 years of age.

Mortgage Disclosure Improvement Act of 2008 - Amends the Truth in Lending Act to set forth additional disclosure requirements governing any extensions of credit (not only mortgages) secured by the dwelling of a consumer.

Source: Foreclosure Prevention Act (S.2636) 2008-S2636 on Feb 13, 2008

[NaturalHigh]

9. Thumbs up!