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Thomas Gallatin / Nov. 8, 2019

Clinton Throws Cold Water on Elizabeth Warren

We keep wondering if Hillary is preparing to jump into the Democrat presidential field.

At the New York Times DealBook Conference on Wednesday, Hillary Clinton criticized Democrat presidential candidate Elizabeth Warren’s $52 trillion Medicare for All plan as being unrealistic. “I don’t believe we should be in the midst of a big disruption while we are trying to get to 100% coverage and deal with costs and face some tough issues about competitiveness and other kinds of innovation in healthcare,” Clinton argued.

However, Clinton acknowledged that she was fully in agreement with Warren’s aim of government-run healthcare, as she asserted that Medicare for All was the “right goal.” Clinton merely believes that an incremental approach toward the government takeover of Americans’ healthcare is more politically feasible than Warren’s blatant socialist power grab. As with Barack Obama’s lecture about “cancel culture” or Nancy Pelosi’s warning about Democrats moving too far left, Clinton’s criticism rings hollow. Remember, this is the woman who got the healthcare ball rolling in 1993 with her proposal of HillaryCare.

But Clinton’s criticism of Warren didn’t stop with Medicare for All, as she then conveyed disapproval of Warren’s planned wealth tax. “I just don’t understand how that could work,” Clinton noted. “I don’t see other examples anywhere else in the world where it has actually worked over a long period of time.” Clinton then argued, “If you were going to do a wealth tax and it was on assets … how you would value it is, I think, complicated to start with. But, assuming you can get some system of evaluation, people would literally have to sell assets to pay the tax on the assets that they owned before the wealth tax was levied. That would be incredibly disruptive, so I think there are other ways to raise the revenues.”

Why is Clinton now coming out against Warren? Is she still contemplating jumping into the Democrat primary? Possibly. With Joe Biden — the only leading non-hardcore leftist in the crowded field of Democrats — limping along amidst growing questions surrounding his involvement with Ukraine, Clinton may see an opening to exploit. If Hillary did jump in, it might spell the end for Biden, leaving her with the support of moderate Democrats. With socialist Democrats split between Warren and Bernie Sanders, Clinton may see a path for winning the nomination. It still would be a long shot, but not as long as many assume.

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