Hillary Clinton Reveals Her Stunning Ignorance of Economics

In this one-minute clip, trying to shore up the floundering Coakley campaign in Massachusetts, Hillary Clinton displays her ignorance of how the world works not once, but twice. First she assures her audience that raising the minimum wage doesn’t cost jobs, it leads to job gains. (“Our entry-level employees will now cost $15 an hour? Great! Let’s hire two!”) Of course, no one ever asks: if that’s true, Hillary, then why are you so cheap? Why not raise the minimum wage to $100 an hour?

You have to watch the clip for her second gaffe:

“Don’t let anybody tell you that it’s corporations and businesses that create jobs.” Where do they come from, then? Does the stork deliver them? Are they legislated by Congress? Two equally plausible alternatives.

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