“The economy is working really well for many people. But if you look just over the horizon and below the surface there are some troubling issues.” Clinton said, “the rich are getting richer, everybody else is marching in place” and ” don’t think that’s good for us.”
Is that so Hillary? How is it that sub 5% unemployment when your pseudo-husband was President was an economic miracle, part of the new American economy. Under George W. Bush, sub 5% unemployment means that people have all been laid off and are now working at Wal-Mart or flipping burgers.
Sorry Hillary. Once again, the facts are not aligned with your political talking points.
Minority Groups Increasing Business Ownership at Higher Rate than National Average, Census Bureau Reports
Minority groups and women are increasing their business ownership at a much higher rate than the national average, according to new tabulations titled Preliminary Estimates of Business Ownership by Gender, Hispanic or Latino Origin, and Race: 2002, from the U.S. Census Bureauâ??s 2002 Survey of Business Owners (SBO) released today.
While the number of U.S. businesses increased by 10 percent between 1997 and 2002 to 23 million, the rate of growth for minority- and women-owned businesses was far higher, ranging from 67 percent for native Hawaiian- and other Pacific islander-owned businesses to 20 percent for firms owned by women. (See Summary Table.)
The nationâ??s 23 million businesses increased their receipts by 22 percent between 1997 and 2002 to reach $22.6 trillion. Increases in receipts ranged from a high of 30 percent for black-owned firms to 5 percent for businesses owned by whites.
There were 1.2 million black-owned businesses in 2002, up 45 percent from 1997.
There were 1.6 million Hispanic-owned businesses in 2002, up 31 percent from 1997.
There were 1.1 million Asian-owned businesses in 2002, up 24 percent from 1997.
There were 6.5 million women-owned businesses in 2002, up 20 percent from 1997.
According to Bloomberg,
Clinton, 58, also expressed concerns about U.S. manufacturing being able to compete in a “race to the bottom” with other nations over cheap labor. “It’s defeatist to think U.S. manufacturing can’t compete,” she said, citing currency manipulation and other unfair trade practices. Clinton said “there can’t be an abrupt change” in the exchange rate of China’s yuan, which many U.S. manufacturers say is kept artificially low, giving Chinese exporters an unfair advantage. Yet, she added, “I don’t want us to be played for a sucker.”
Considering your talking points relationship to the facts, someone is playing you for a sucker Mrs. Clinton.
According to an April 3 report from the highly regarded Institute for Supply Management,
Economic activity in the manufacturing sector grew in March for the 34th consecutive month, while the overall economy grew for the 53rd consecutive month, say the nation’s supply executives in the latest Manufacturing ISM Report On Business®.
The report was issued today by Norbert J. Ore, C.P.M., chair of the Institute for Supply Managementâ?¢ Manufacturing Business Survey Committee. “The manufacturing sector, led by continued strength in new orders and production, continued to grow in March. The first quarter is now complete, and the ISM data indicates that it was a good quarter for U.S. manufacturing. Prices are still a major concern, particularly in the energy and metals markets. In general, manufacturing continues to experience a significant level of growth.”