Findings Emphasize Contrast Between Clinton’s Economic Agenda and Trump’s Career Record of Outsourcing, Stiffing Workers
Hillary for Wisconsin today is announcing new analysis that shows Wisconsin could add 187,000 jobs under Hillary Clinton’s economic plans, while it could lose 61,000 jobs under a Donald Trump presidency. The findings are based on two recent reports by Moody’s economist and former adviser to John McCain, Mark Zandi. Zandi’s analysis showed that under Clinton’s plans, the economy overall would create 10.4 million jobs nationwide while under Trump, the economy would lose 3.4 million jobs and the nation would plunge into a “lengthy recession.”
Clinton has pledged to make the largest investment in good-paying jobs since World War II in her first 100 days in office. This plan would grow jobs in Wisconsin by making the boldest investments in infrastructure since President Eisenhower built the interstate highway system, investing in Wisconsin’s manufacturing, and cutting taxes and reducing red tape for Wisconsin’s small businesses, among other provisions.
“Hillary believes that Wisconsin families should have a president who is in their corner, fighting for them every single day. Hillary Clinton is that fighter. At the core of her economic plan, is a laser like focus on the needs of the middle class. She is focused on ensuring Wisconsin’s economy works for everyone, not just those at the top,” said economic advisor Neera Tanden. “While Wisconsin has created nearly 224,000 new jobs since coming out of the Great Recession, we still have a lot of work to make sure every family has a good paying job.”
“We can meet these challenges. We can spur more economic growth, which will create more good-paying jobs and raise wages,” said Vliet Street Capital president Kyle Weatherly. “And we can have more economic fairness, so the rewards are shared with everyone, not just those at the top. But we won’t succeed with simple slogans, divisive rhetoric, or reckless leadership. To grow together, we must work together as a nation – workers and CEOs; governments at every level and businesses of all sizes – to build a stronger future. The numbers speak for themselves – Wisconsin simply can’t afford a Donald Trump presidency.”
“I know how much manufacturing means to the Midwest – I’ve spent quite a bit of time working for companies right here in Wisconsin that invest in American workers and products,” said Arenberg Holdings founder John Miller. ” ran a company that manufactured farm equipment that we sold all over the world right here in Wisconsin. There is nothing better than giving my employees the kind of opportunity to make something here, that a farmer in Russia or Australia or South Africa will use.”
A full fact sheet on today’s analysis of Zandi’s findings and additional details on how Clinton’s 100-Days jobs agenda would benefit Wisconsin and create jobs is below. The estimated job gains and losses in Wisconsin under Clinton’s plans and Trump’s plans were calculated by distributing Zandi’s national projections evenly among the states in proportion to their populations.
Hillary Clinton’s 100-Day Jobs Plan for Wisconsin
Making the Largest Investment in Good-Paying Jobs Since World War II
Hillary Clinton is committed to building an economy that works for everyone in Wisconsin, not just those at the top. While Wisconsin has created nearly 224,000 new jobs since coming out of the Great Recession, we still have a lot of work to do to ensure everyone who wants to work can find a good-paying job—one that can support a family. That’s why, in her first 100 days in office, Hillary will break through Washington gridlock to make the biggest investment in good-paying jobs since World War II. An independent analysis by Mark Zandi, former economic advisor to John McCain, calculated that under Hillary’s plans the economy would create 10.4 million jobs in her first term—and we think it could create even more. By contrast, Zandi found that under Donald Trump’s plans, the economy would undergo a “lengthy recession” and lose 3.4 million jobs. If these gains and losses are distributed evenly among states in proportion to population, Zandi’s analysis suggests Wisconsin would see a gain of 187,000 jobs under Hillary’s plans and a loss of more than 61,000 jobs under Trump’s plans—a difference of 248,000 Wisconsin jobs.
HERE’S HOW HILLARY’S 100-DAY PLAN WILL GROW JOBS IN WISCONSIN:
• Make the boldest investments in infrastructure since Eisenhower built the interstate highway system—rebuilding Wisconsin’s roads, bridges and airports and connecting Wisconsinites to broadband. Here in Wisconsin, more than 1,200 bridges are “structurally deficient” and in need of repair. It’s time to put Wisconsinites to work fixing our roads and bridges; expanding public transit so that more Americans have access to good-paying jobs; enhancing our seaports and airports; modernizing our power grids; and building world-class schools. And we will connect all Americans to high-speed, affordable broadband: Today, approximately 962,000 Wisconsinites lack such access. These infrastructure investments will create good-paying jobs today, and unlock the potential to create good-paying jobs in the future.
• Invest in Wisconsin’s manufacturing and crack down on trade abuses. Hillary knows we can “Make It in America” again. We will make America the first choice for production, revitalize hard-hit manufacturing communities, and invest in the American manufacturing workforce—strengthening Wisconsin’s $53.4 billion manufacturing industry, which contributed nearly a fifth of Wisconsin’s GDP in 2013. We will make companies that move overseas pay a new “exit tax” so they think twice about avoiding paying their fair share, and make companies pay us back when they take tax breaks and then ship jobs abroad. We will enforce existing trade laws so they protect American businesses and workers, while rejecting trade deals, like the TPP, that do not put U.S job creation first. Between 2001-2011, Wisconsin lost 54,600 jobs because of trade with China.
• Make America the clean energy superpower of the 21st century—helping to create more good-paying jobs in Wisconsin. We will set bold goals like installing half a billion solar panels by the end of Hillary’s first term and generating enough clean renewable energy to power every home within a decade—including all 2.3 million households in Wisconsin.
• Cut taxes, reduce red tape, and support innovation so that Wisconsin’s small businesses can grow and hire. Small businesses are the engine of our economy—in fact, Wisconsin is home to 442,000 small businesses. We’ll do more to support Wisconsin’s small businesses and the nearly 1.21 million people they employ (more than half of the private work force): providing tax relief and simplification, cutting red tape, expanding access to capital, and helping U.S. companies sell their products around the country and the world.
• Break down barriers to employment for the formerly incarcerated and the long-term unemployed. Across the nation, more than 600,000 people annually return to their communities from prison; millions more come home after time in jail for low-level offenses. Too many lack the necessary tools to succeed following release. We will invest in reentry programs that help integrate the formerly incarcerated into our communities and economy. We will take executive action to “ban the box” for federal employees and contractors. And we will provide more robust, coherent, and accessible training programs and resources—helping training providers to scale up and respond to the needs of the local workforce and employers.
• Support scientific research and technological innovation in Wisconsin. We will make bold new investments in scientific research and technology, which will create entirely new industries and the good-paying jobs of the future. Hillary’s plan will add to the state investment of $21.2 million per year in research and development in Wisconsin. And together, we can achieve bold research goals: preventing, effectively treating, and making an Alzheimer’s cure possible by 2025, and committing to deepen our understanding of autism. Investments like these will not only create jobs, but will save lives, advance science, and help America lead the world in innovation.
Donald Trump’s economic policies and priorities would be devastating to working families. He likes to talk about putting “America first,” but he didn’t do that as a businessman: his products have been manufactured in at least 12 countries. Trump ties in China. Trump shirts in Bangladesh. Trump furniture in Turkey. Trump picture frames in India. And Trump barware in Slovenia. Unlike Donald Trump, Hillary knows we are stronger together. That means building an economy that works for everyone, not just those at the top—and that’s why she is offering real solutions to create more good-paying jobs and get incomes rising across the board. Read the rest of Hillary’s economic vision here.