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Loss Quotes

“Hillary Clinton has a long track record of service in public life. And you can look at that. I tell the story about her being first lady of the United States, when the effort to get Hillary Clinton done failed, and that was a tough, tough, bitter loss, but then it tested her as a leader. And she worked together with Democrats and Republicans to get health insurance for eight million low-income American children in the CHIP program.”

“To save the banks from making losses that would wipe out their net worth, you'll have to get rid of Social Security. It means that you'll essentially have to abolish government and turn it over to the banking system to run, with an idea that the role of governments is to extract income from the economy to pay to the bondholders and the banks.”

“Requiring the payment of higher wages will lead to a loss of some jobs and a raising of prices which drives companies to search for automation to reduce costs. On the other hand, those receiving higher wages will spend more (the marginal propensity to consume is close to 1 for low income earners) and this will increase demand for additional goods and services. Henry Ford had the clearest vision of why companies can actually benefit by paying higher wages.”