Obama's rival for the Democratic nomination, Sen. Hillary Rodham Clinton of New York, made a major address in Philadelphia this week calling for additional federal action to help struggling homeowners. Today, speaking at Wake Technical Community College in Raleigh, N.C., Clinton proposed a $12.5-billion, five-year program to make job retraining available to all workers dislocated by industry closings.
"We are competing in a new global economy, but our policies to equip American workers for the 21st century are stuck back in the 20th," she said. "It's time for a president who is ready on Day One to be the commander in chief of our economy. Sometimes the phone rings at 3 a.m. in the White House and it's an economic crisis."
When in doubt, throw more government money at the problem. So where do they plan on getting all this money? That is right, taxpayer dollars. Would someone tell these people to stay the hell away from my wallet.