By Sun Chenghao, assistant research fellow, Institute of American Studies at China Institutes of Contemporary International Relations
Hillary Clinton is seeking the Democrat Party’s nomination for US President in 2016. She unveiled her economic plan on July 13 at the New School in New York City. To the surprise of no one, there was nothing impressive in the speech. Nevertheless despite stumbling on the campaign trail, she could still win the White House. Yet, she will just be the female version of Obama, making promises of ‘hope and change,’ but never delivering on them. She is claiming that if elected, she would resolve the rising income inequality gap, which millions of Americans care about, although she lives in a huge mansion and her neighbors are Wall Street bankers. Clinton called it, the “defining economic challenge of our time”. A report released by the Brookings Institution in March 2015 concluded that from 2002 to 2013, the incomes of most households in the U.S. stagnated or declined. The median U.S. household earned $51,939 in 2013, 9 percent drop from $56,900 in 1999. Yes, the income inequality gap has widened under a Democrat Party president in the White House.

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