A quarterly magazine of urban affairs, published by the Manhattan Institute, edited by Brian C. Anderson.
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Hillary Clintons Irrational Exuberance
The senators job-creating promises ring hollow.
29 February 2008
How much faith should we put in the economic proposals of a presidential candidate who has previously made outrageous and unrealistic pledges to create jobs and then failed to deliver? That was essentially the question that NBCs Tim Russert posed last Tuesday, when he asked Senator Hillary Clinton if her promise to generate 5 million new jobs as president wasnt a little exuberant, given that she had made a similar pledge during her first New York senatorial runto create 200,000 jobs in upstate New York. That promise, Russert pointed out, came to nothing; in fact, upstate New York had actually lost jobs since 2000.
Clinton responded with her stock answer: that when she made her upstate pledge, she thought that Al Gore would be the next president, and that the two would work together to revive the region. The blame for not meeting her goal of 200,000 new jobs, she said, belongs with President Bush, whos been unresponsive to the needs of upstate New York. Never mind that the national economy has grown by some 6 million jobs under Bush. Its apparently the presidents fault that few of those new jobs have come to New York State.
Clinton has been giving this ridiculous answer to the question about the missing 200,000 jobs ever since her Senate reelection bid in 2006, and the media, for the most part, havent challenged her. Thats par for the course: they gave her a pass when she first made the pledge in 2000, though it was clear even then that she had no hope of delivering on it. Still, now that Clinton is a presidential candidate, you would expect that the media would press her to say something more sophisticated than Its Bushs fault. After all, when she complained, while campaigning for the Senate in 2000, that upstate employment had grown by an annual average of just 0.6 percent since 1992, she didnt point out that we had a Democratic president during most of that period (I think his name was Clinton) and a powerful Democratic congressional delegation from New York in Washington.
Instead, under Clintons formulation, the hard times upstate during the 1990s were the fault of the states Republican governor, George Pataki, and the continued decline from 2001 to 2008 is the fault of the countrys Republican president. That tortured logic is perhaps not surprising. When Clinton made her 2000 jobs pledge, she and her supporters never thought that shed be held accountable for it in a state where, once elected, incumbent senators are difficult to unseat.
Their confidence was well placed. In 2006, when Clinton was running for reelection, a number of her supporters pointed out that it was never realistic to expect a senator to produce such an abundance of jobs in New York. In an editorial endorsing her, one upstate newspaper even noted that it was state-level policies (high business taxes, excessive regulations) that were really holding back the upstate economy. In other words, we knew all along that Clinton couldnt produce those 200,000 jobs, but we let her shower New Yorkers with that blatantly unrealistic promise all the same.
Such media sleight of hand was not inconsequential. Ordinary people in upstate New York clearly bought into Clintons 2000 campaign rhetoric, giving her unprecedented support in sections of the state that hadnt recently been friendly to Democratic candidates. Indeed, as a Clinton campaign official crowed to the New York Times in a 2000 election postmortem, her upstate economic promises worked beyond our wildest dreams. That is, they worked to get her elected.
Now Clinton is making similar economic promises nationallynot just 5 million new jobs, but also new green industries and a sharp reduction in childhood poverty. Why should we believe her?
Steven Malanga is senior editor of City Journal and a senior fellow at the Manhattan Institute. He is a coauthor of The Immigration Solution.