Word: clinton
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...with spectacular paydays, globalization holds down earnings for millions of Americans who compete with workers overseas - not only lower-skilled factory and phone-center workers but also engineers, lawyers and doctors. Public opinion has reacted to this with increasing distrust of free trade, a wariness that both Obama and Clinton have echoed in their campaigns. But this is touchy territory: trade may distort the income distribution, but economists remain almost unanimous in warning that restricting trade would slow overall growth. There are similar concerns about using the tax code to address inequality, although Princeton political scientist Larry Bartels demonstrates...
...biggest factors in making paychecks seem smaller in recent years has been the sharp increase in energy prices. There's very little a President can do to change this in the short term; the summer gas-tax holiday proposed by McCain and Clinton would put just a few dollars in the pockets of all but the biggest gas hogs. Where Presidents (and Congress) can have a big impact is in the long-term trajectory of energy prices and their effect on the economy. Elected officials can do this by steering Americans away from oil and toward other energy sources...
...rule, presidential candidates not named Ross Perot don't propose fuel-tax hikes. Interestingly, though, to fight global warming, Clinton, McCain and Obama are all in favor of a carbon-cap-and-trade regimen, which would raise the price of fossil fuels just as surely as a direct tax would. Almost in spite of ourselves, we may end up with a semi-rational long-term energy policy. It won't make gas cheaper anytime soon - or perhaps ever - but in the long run, it could strengthen the country's economic prospects...
...Race to the End Is there not a fourth option for the end of the battle for the Democratic nomination [May 5]? If Barack Obama wins the majority of pledged delegates and the Democratic National Committee decides to hand the nomination to Hillary Clinton, he could declare himself an independent candidate. That would guarantee a loss for Clinton but could result in the building of an all-inclusive New Democratic Party. J. Gerard Janssen, Toronto...
...News debate in Philadelphia "will go down in history for the relentless vulgarity of its questions". But the questions weren't so much vulgar as they were vapid. The only thing moderator Charles Gibson forgot to do was follow Barbara Walters' infamous example and ask Barack Obama and Hillary Clinton what kind of trees they would be. Holmes Brannon, Woodland Park, Colo...