Clinton says she would not bail out troubled banks

28 Oct 2015 | Author: | No comments yet »

Clinton takes on GOP on ‘Late Show’.

The Democratic presidential frontrunner, appearing Tuesday on “The Late Show with Stephen Colbert,” said she actually saw her daughter and granddaughter.Yes, she was—as Colbert made it perfectly known—the fifth presidential nominee to grace the stage of The Late Show, and yes, given Clinton’s near-mandatory level of research, she came off gracefully in batting practice, a.k.a. the opening moments.

(Bloomberg) — After weeks of testing out her positions on income inequality and Wall Street regulation in the financial press, Hillary Clinton brought her message to an unlikely venue: the late night comedy circuit. When asked what she “binge-watched,” Clinton said that she and Bill “finally finished” House of Cards, but then oddly copped to being a fan of a couple of series’ inspired by her: Madam Secretary and The Good Wife.

During the interview, Clinton noted that she was running for president because she wanted to continue the progress that had been made during President Obama’s time in office. On her first visit to Stephen Colbert’s new “Late Show,” the host asked Clinton what she would do if a recent recession- era scenario were to play out again. If Clinton were president, Colbert asked, “and the banks are failing, do we let the banks fail this time?” Three weeks ago, Clinton published an op-ed on Bloomberg View outlining her plan to “Prevent the Next Crash.” On Tuesday, she returned to financial matters, focusing on the need to bolster the middle class. “We have to raise the minimum wage,” Clinton continued. “It’s a poverty wage now.

Bush’s second term and the recession that came with it. “I love it when you have Republicans on here, and they act like we have amnesia,” she told Colbert. “We had the worst financial crisis since the Great Depression.” What has been tried by the Republicans every time they get a chance, cutting taxes on the super wealthy, getting out of the way of corporations, doesn’t create broad-based prosperity. And if they’re too big to fail, then, under my plan and others that have been proposed, they may have to be broken up.” Sitting in matching orange-red and black, perhaps a nod to Halloween, Clinton laughed as Colbert displayed pictures of Clinton in various earlier stages of life: Halloween costume ideas, he said.

But “if you really want to achieve the costume,” he joked, “you can go to the party but they have to stay for eleven hours.” It was a nod, the host’s second, to the time Clinton spent testifying last week to the House Select Committee on Benghazi. When Colbert pressed her on the issue, she gave a brief explainer. “You know, my father, the gender-gap in politics started in my house,” she said. “My father was a small businessman, and a Republican, and he was very staunch in his views, and we would have lots of discussions around the kitchen table. My mother, who had a much different upbringing, was just a wonderful person but was abandoned by her parents and working as a housemaid when she was 14, so she came at politics in life with a much more broader perspective. When Colbert asked whether she could picture either of them in office, she said she could picture them in “a office.” Much of the interview was lighthearted, from how she spent her birthday (she slept in, made some phone calls, watched “bad TV” with Bill) and her childhood to her past as president of the Young Republicans in college and refusing to say whether New York style or Chicago style pizza was the best. I went to college on my Dad’s side, as a Young Republican, and then one day, I kind of looked around and thought, ‘I need to think about this some more.’” Later in their chat, Colbert pressured Clinton on whether or not she was riding her husband’s coattails, telling her that “the ‘90s” can’t come back again. “Look, I’m not running for my husband’s third term, I’m not running for Obama’s third term, I’m running for my first term,” she said. “But I’m running to do what works, and we have an understanding of what works.

She and Colbert both poked fun at last week’s 11-hour Benghazi hearing, and they examined how her fashion through the years could be turned into Halloween costumes.

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