January 11th, 2008
03:11 PM ET
10 years ago

Clinton lays out economic stimulus plan

(CNN) - The economy, and more specifically, the sub-prime lending crisis, is fast becoming a central theme in Democrat Hillary Clinton’s message. On Friday, she called for an economic stimulus package that would help low-income families keep their homes and stay warm this winter – and could come with a $110 billion price tag.

Clinton has said she fears a recession, although her campaign has avoided describing the economy’s current state in that language.

On Thursday evening, the New York senator canvassed a primarily Latino neighborhood in Central Las Vegas and periodically surveyed voters about the impact of housing foreclosures. She held a roundtable at a local restaurant with people who had lost their homes.

Clinton and her daughter Chelsea visited Gilberto Santana, who is out of work and having to borrow money from friends to help pay his bills, including his mortgage. Santana, a Clinton supporter, is also a member of the Las Vegas culinary union, a group that endorsed Senator Barack Obama earlier this week.

On Friday, the presidential hopeful said Congress should work with the White House to pass a $70 billion economic boost, and to follow that with as much as $40 billion in tax refunds.

The bill proposed Friday would provide $10 billion to extend unemployment insurance, create a $30 billion fund to help states and local governments deal with the housing crisis, provide $25 billion in emergency energy, and set a 90-day moratorium on sub-prime mortgages of at least five years, among other elements of the plan.

With Nevada’s foreclosure rates among the highest in the nation, Clinton hopes her economic focus will play well among the state’s working and middle class. The loss of the culinary endorsement and the myriad of hurdles campaigns face in educating Nevada’s voters about next week’s caucuses could prove problematic for Clinton.

“I’m very committed to reaching out and meeting the people in this state and the leaders that I have here in my campaign are very confident that we’ll do very well,” she told reporters. “It takes a lot of hard work, it takes a lot of outreach and shoe leather and phone calling but that’s what we’re doing and we’re prepared to just you know pull out all the stops to be as successful as possible,” she said. Some of Clinton’s Iowa field staff has relocated to Nevada.

Clinton beat Obama in New Hampshire among middle- to lower- income voters, some of which may have not been able to turn out in Iowa because the caucuses were held at night. Nevada’s caucuses will be held on a Saturday morning, but Clinton says problems with the caucus system persist.

“When I realized you only had a limited period of time on one day to have your voices heard that is troubling to me. And in the situation of a caucus people who work during that time, they're disenfranchised,” she said. “We're going to do everything we can between now and January 19 to reach as many people as possible, but there will be a lot of people who even if they want to come, can't, so I think it's a problem.”

Both Clinton and Obama plan to visit Nevada several times between now and next Saturday’s contest and both candidates are about equally invested in television advertising.

“I need to get a very clear message as to what I have done and what I will do,” Clinton said in response to a question about what she learned from her New Hampshire primary win. “There’s a big difference between talking and doing and rhetoric and reality and I’m going to be sure that the people here in Nevada and across the country as we move up on all these contests know that I’m not just telling them what I will do and asking them to take it on faith, I’ve done it.”

Clinton’s economic speech Friday in Los Angles garnered quite a bit of free media attention, a crucial part of any campaign’s Golden State strategy. While California has always been friendly to the Clintons, an unaffiliated Democratic strategist said what will make the difference for either Clinton or Obama in the February 5 primary here will be wins in Nevada, South Carolina and Florida.

- CNN Senior Political Producer Sasha Johnson

Filed under: Hillary Clinton
soundoff (80 Responses)
  1. Maureen, CT

    So did Hillary invite Gilberto Santana to her own home to help him out? Did she offer him a job on one of her campaigns? Probably not, but she was sure quick to use his situation for her own ends. Exploitation? Nah, of course not!

    January 11, 2008 10:34 pm at 10:34 pm |
  2. Steve, Texas

    This definitely has more substance than:

    "The sky is blue! The Earth is round! 2+2 = 4! We need change! Let's all work together! I will be president of the United States!"

    January 11, 2008 10:34 pm at 10:34 pm |
  3. john williams san diego, ca.

    thirty years ago this year, just before bubba became Governor, Hillary made a $100,000 profit on a $1000 investment in cattle future contracts in only nine months. Now that is the kind of experience i want. Of course people in high places received help with a 1983 state law raising weight limits on chicken trucks....Another experience builder.

    January 11, 2008 10:35 pm at 10:35 pm |
  4. Steve, Texas


    Is it in all caps?

    January 11, 2008 10:38 pm at 10:38 pm |
  5. James Smith

    Hillary is the right combination of smarts, toughness, skill and ability. Her time has come. Her economic plan can be paid for because her policies will stimulate economic growth through investments in clean energy, through a progressive tax system-remember Bill Clinton's surplus??-and public-private partnerships to produce innovation that leads to greater productivity.

    January 11, 2008 10:57 pm at 10:57 pm |
  6. From The North

    Wilhemina January 11, 2008 8:22 pm ET


    I did and learned nothing. It was void of substance just like his pulpit speeches.
    His Blueprint didn't explain his plan either.

    Knowledge is only power when you have some.

    January 11, 2008 11:20 pm at 11:20 pm |
  7. John S. Maine

    My idea of a great economic plan to avoid recession is called Governor Mitt Romney!

    January 11, 2008 11:31 pm at 11:31 pm |
  8. Eric in Massachusetts

    You guys are still picking on Obama. Silly people. Obama has "been to the mountain". He wants to take us there. If we all "go to the mountain", then we won't need our current houses and won't need to pay any of our bills. We'll be all set. Obama is really really great and he is such a good talker.

    Instead of "Yes we can" or "change we can believe in", I propose "take us to the mountain".

    January 11, 2008 11:35 pm at 11:35 pm |
  9. Ginny Ca

    Obama talks the talk while Hillary walks the walk. While Obama prances and dances around the stage, waving his arms, spouting his message of "hope", and "fired up and ready to go", chanting "Yes, we can", Hillary is busy getting out real messages and plans that matter to real people. God bless Hillary. She is exactly the kind of leader we need at this critical time in our nation's history.

    January 11, 2008 11:47 pm at 11:47 pm |
  10. Eric in Massachusetts

    John S Maine, you should do some research inside Mass. We don't like Romney. He used the State to get to WH as much as Obama used an unfinished freshman term in the Senate to get to the WH. Romney did nothing for Massachusetts. But, he does have executive experience and I would probably vote for Romney long before I'd cast a vote for Baracka Hussein Obama. I will absolutely vote for Hillary first though.

    January 12, 2008 12:02 am at 12:02 am |
  11. billy Hans

    I will love who can improve our living standard, economic, employment, health care....

    January 12, 2008 12:30 am at 12:30 am |
  12. julianbook

    Hillary is a farce. Bill was elected promising universal health care. The Congress was democratic. Eighty percent of the public was behind it. The economy could easily support it. Yet her program was 1000% failure. She had another 6 years to try to revive it. Nothing happened. Let's hear the excuse for 8 years of failure on her supposed pet program – when her husband was the president no less. Have you heard of anything that incompetent. Now there's an election, she's promising you healthcare again just like Bill did – with an unworkable mandatory plan. The theory is that if you can fool them once, you can always fool them. Get it? She thinks you're an idiot. As Geffen says, "the Clintons lie with such ease, it's troubling". and the NY Times' William Safire called her a "congenital liar". Hillary flunked healthcare. She flunked Iraq. She flunked Iran. She flunked Pakistan. She even flunked the Washington bar exam twice, and is a serial failure as a housewife. That's her record on important matters – her so-called experience. She cannot even take care of her household, but wants to be your president, and leader of the free world, with her fingers on the nuclear arsenal. Would you bet on an old horse that in its younger days collapsed every time it came out of the gate? Bill is a huge security risk to the USA as he is susceptible to anything that comes along in a skirt. We cannot have a sexual predator running around the White House, with a hysterical nutcase in charge. We need intelligent and honest leadership. Obama is a brilliant and visionary leader with a powerful brain. He graduated first in his class at Harvard. That's not easy. He's a uniter that gets all the difficult things right.

    January 12, 2008 12:43 am at 12:43 am |
  13. swede

    We are in a time of war a recession and so many other issues that only a person with many years of knowing how this works and only wanting to be in the whitehouse so she can fix us better than all the people chasing the coronation is Hillary. It is not time to get swooned by great speeches,

    January 12, 2008 12:43 am at 12:43 am |
  14. Maris

    Eric, Obama wants to take us to the mountain so that we can all then take a flying leap! LOL.

    Wilhemina, if he wrote the plan, then why can't he verbalize and explain it during the debates, except by saying it's a "bottom-up" approach.

    HILLARY RODHAM CLINTON OUR 44th AND FIRST WOMAN PRESIDENT!!! Let's make real history and show the world that we do believe in equal rights for women!

    January 12, 2008 12:57 am at 12:57 am |
  15. Lisa

    Another Clinton administration would be scandal after scandal.

    January 12, 2008 01:19 am at 1:19 am |
  16. James

    Sen Clinton would do and promise anything to get elected President. Problem is, if she is elected, not much would change. Poor gets poorer and the rich gets richer. Always been that way and will always be that way.

    January 12, 2008 02:31 am at 2:31 am |
  17. Charles in Salt Lake City, UT

    Sorry... sorry. No. No way.

    No one should ever use the words "Clinton" and "stimulus" in the same sentence. Bad idea.

    Very bad idea.

    January 12, 2008 02:39 am at 2:39 am |
  18. Another Steve

    Charlotte, the rich pay at 35% I believe. The tax cut they now have moved them from 38% down to 35%. I believe they do pay more than 1/2 the taxes. Problem is some of these folks are so rich that 3% is a whopping lot. My question to Hillary is, are you actually going to return the tax rate to help pay some of your socialistic programs cause us poor white plain American voters aint got no more for the feds to suck outta us.

    January 12, 2008 03:25 am at 3:25 am |
  19. sabrina

    Supporting Hillary in '08, as the person with the most substantial plan for the future.

    January 12, 2008 03:34 am at 3:34 am |
  20. ABC!

    Maybe she should start speaking with a Spanish accent in Nevada:

    GREENVILLE, S.C. — Democratic presidential hopeful Hillary Rodham Clinton said Friday she sees her sometimes Southern accent as a virtue.

    "I think America is ready for a multilingual president," Clinton said during a campaign stop at a charter school in Greenville, S.C.

    The New York senator — who said she's been thinking about critics who've suggested that she tried to put on a fake Southern accent in Selma, Ala. — noted that she's split her life between Arkansas, Illinois and the East Coast.

    Clinton added a Southern lilt to her voice last week when addressing a civil rights group in New York City headed by the Rev. Al Sharpton. On Monday, dealing with a microphone glitch at a fundraiser for young donors, she quoted former slave and underground railroad leader Harriet Tubman.


    January 12, 2008 04:09 am at 4:09 am |
  21. Paul

    Hillary Clinton is the worst person to run for President of all time... Ok here's an idea. The country is broke, the government has NO money so let me pull 70 billion out of thin air to pump in to this economy. Talk about putting a band aid on a broken leg. If you support Hillary Clinton you should be sent to China to work in a clothing factory.

    January 12, 2008 05:44 am at 5:44 am |
  22. Frank Magno


    Senator Obama is speaking change. Will this mean to affect
    my food stamp? My medicaid? My heat allowance? How does his Presidency
    affect my children's tuition loan? Will he grant executive write-off to those loan and
    absolute pardon to those drug smugglers, rapists, and muggers?

    Will the kind Senator lead us to the top of the mountain? To see
    the glittering changes now reflecting the economic boom in Harlem and in Bronx?
    What did the good senator has done so far that affected one common
    bum, if not a citizen of this great land of ours-America?

    Agent of change? Yes, you will be the agent of your principal donors and backers.
    Like George Bush.

    Hillary is an agent, but a real CATALYST!



    January 12, 2008 06:08 am at 6:08 am |
  23. independent in america

    charlotte and Wilhemina take a chill pill sweetie - typing in all capital letters is considered SHOUTING on the internet and rather rude

    now to all those GOP trolls and less than informed demwits wondering "how is she going to pay for it" well had you bothered to do a little research (since we ALL know that the hillaryhating groupies can't stand to WATCH her on tv unless to draw little horns & a tail) you would know how she plans to pay for it...

    BTW how many of the obamalovers know that he would "require employers to automatically deduct 7% from their employees’ paychecks each month and place it in a mandatory direct-deposit IRA account" (to be honest there's more for anyone who cares to do the research 😉 BUT not to worry because the proposal is supported by both left-wing progressive economists AND the right-wing heritage foundation because it's a smart, nearly cost-free policy - And tah dah – as such, it fits better with Obama's "bring us together" rhetoric AND is considered to be a political no-brainer.

    January 12, 2008 07:10 am at 7:10 am |
  24. Gary

    Maris, if you believe the purpose of our election is to show the world that we believe in womens rights then you should indeed vote for your candidate. However, it is my hope that American citizens will consider the real issues of our generation. There are so many issues facing us today. I doubt that I would consider your reason to vote for Mrs. Clinton even in the top 100 reasons to consider a candidate.

    To the rest of our citizens please consider REAL issues rather than the shallow concerns of Maris.

    January 12, 2008 07:20 am at 7:20 am |
  25. Kyu Reisch, Radcliff, Kentucky

    I trust Hillary, she is the only candidate who can get it done. Go Hillary, you are doing great. I love you and Americans love you.

    January 12, 2008 07:48 am at 7:48 am |
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