Carly Fiorina on Monday debunked Hillary Clinton’s argument that the middle class does better under a Democratic president by saying the economy under President Obama is failing the middle class.
“Hillary Clinton said on Oct. 13 in the first Democratic presidential debate, ‘The economy does better when you have a Democrat in the White House,’ and she offers variations on that line when campaigning,” Fiorina wrote in the Wall Street Journal.
“Whose economy is she talking about?” Fiorina asked. “The middle class has shrunk under the Obama administration. According to government figures and industry analyses, median-income households have lost nearly $1,300 after inflation, while the prices of food, health care and college tuition have risen almost twice as fast as inflation.”
“People at the top seem to be doing just fine under the policies she extols,” she added. “That’s because big government only works for big business, the powerful, the wealthy and the well-connected.”
She said from 2009 to 2015, 95 percent of all income gains went to the top 1 percent, and said the Democratic-Backed Dodd-Frank baking regulations actually helped the nation’s big banks while hurting the nation’s small banks.
Fiorina’s jabs come right before the third Republican presidential debate slated for Wednesday, which will focus on economic issues.
“Hillary Clinton talks a good game against crony capitalism, large banks and income inequality. She just doesn’t mention that all three have flourished during the Obama years,” Fiorina concluded.
Clinton remains the Democratic front-runner, and leads a RealClearPolitics average of polls with 48.2 percent, compared to her next competitor, Vermont Sen. Bernie Sanders at 25.4 percent. But Fiorina has a bit more competition on the GOP, and with just 5.8 percent, she sits in sixth place among GOP hopefuls.
