CNN's Anderson Cooper chose Hillary Clinton as the first target of tonight's first Democratic debate.
"We're going to be discussing a lot of the issues, many of the important issues that you have brought up," said Cooper. "I want to begin with concerns that voters have about each of the candidates here on the stage that they have about each of you. Secretary Clinton, I'll start with you. Some Democrats believe you changed your positions based on political expediency. You were against same-sex marriage, now you're for it. You defended President Obama's immigration policies, now you say they're too harsh. You supported his trade deal dozens of times, you even called it the gold standard... Now, suddenly last week you're against it. Will you say anything to get elected?"
Hillary's response builds in a caveat she didn't use in her 2012 remarks at Techport Australia. "Take the trade deal. I did say, when I was Secretary of State three years ago, that I hoped it would be the gold standard. It was just finally negotiated last week. And in looking at it, it didn't meet my standards," said the former secretary of state.
In 2012, here is what Clinton had to say about the trade deal:
So it's fair to say that our economies are entwined, and we need to keep upping our game both bilaterally and with partners across the region through agreements like the Trans-Pacific Partnership or TPP. Australia is a critical partner. This TPP sets the gold standard in trade agreements to open free, transparent, fair trade, the kind of environment that has the rule of law and a level playing field. And when negotiated, this agreement will cover 40 percent of the world's total trade and build in strong protections for workers and the environment. (Emphasis added.)
Clinton inadvertently answered Cooper's question with her spin: she will say anything to get elected.
Things are getting more expensive, and the American people know it. A new poll from Rasmussen Reports found three-quarters of Americans say they are concerned about inflation, with 81 percent saying they are paying more for groceries and 71 percent saying they expect to pay even more for groceries a year from now. Here's more:
Republicans are searching for big, bold ideas that will inspire voters to embrace a conservative agenda. To unite its disparate segments, the GOP needs to uphold our nation’s founding principles—a key requirement for Tea Party adherents—while fostering the aspirations of those who believe the United States should play a strong leadership role in the world. A prime opportunity presents itself in the most compelling problem America faces: the need to restore confidence in its economic future.
The boss, who’s something of a gold standard enthusiast, is excited: Newt Gingrich called this morning for a Gold Commission, like the one Ronald Reagan set up in 1981, to consider how to get back to hard money (and perhaps to gold).
Forty years ago yesterday, President Richard Nixon suspended gold convertibility, and the U.S. (and the world) went onto a “paper dollar standard.” Two pieces yesterday on the fortieth anniversary of Nixon’s announcment, by Lew Lehrman in the Wall Street Journal and Jeffrey Bell in the Washington Examiner, explore the consequences of that decision and make the case for considering a return to the gold standard.
Judy Shelton makes the case in the new issue of THE WEEKLY STANDARD for the “Gold Standard or Bust.” Sound finances, she points out, require sound money, and sound money, it turns out, seems to require a dollar as good as gold—i.e., a return to a gold standard.