On the Issues: Turnaround Plan for America
GOAL #1: RAISE THE TYPICAL FAMILY'S INCOME BY $3,000
Grow the economy and ensure that everyone benefits.
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President Bush's Record of Failure
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Nearly $1,500 decline in family income. The median family has seen its inflation-adjusted income decline by $1,462 under President Bush.
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Wes Clark's Turnaround Plan
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Under President Clinton's successful economic strategy, the typical family saw its inflation-adjusted income rise $7,202 in eight years. By turning around President Bush's failed policies and restoring sound economic policies, the American economy will be able to generate the same income growth it achieved in the 1990s. Specifically, Wes Clark proposes:
- Making job creation job one. Wes Clark has proposed a Job Creation Plan that will take back President Bush's tax cuts for the wealthiest Americans, those making over $200,000 annually, and use the money to jumpstart the economy and create jobs.
- Restoring fiscal discipline. Wes Clark has proposed a "Savings for America's Future Plan" that will save $2.35 trillion over ten years to reduce the deficit every year and invest in priorities like health care and universal preschool.
- Promoting economic opportunity for all Americans. Expanding economic opportunity ensures that all Americans will benefit from economic growth. Wes Clark's plans will make preschool universal, make health care more affordable, and invest in education and training.
- Unleashing the power and ingenuity of America's entrepreneurial spirit. President Bush has supported industry instead of harnessing the power of markets to spur growth, create jobs, protect the environment, and defend the homeland.
- Creating the conditions for long-run prosperity. Wes Clark's economic strategy is not just about jumpstarting the economy today. He also plans to put in place policies to sustain long-term growth: investments in research and technology, pro-growth tax reform and sustainable energy policies.
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Wes Clark's Accountability Benchmark
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The typical family's income increases by $3,000
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» Read the speech
» Read Clark's Turnaround Pledge (PDF)
» State by State Breakdown of Goals
