Subject: Re: Speech
From: "Altman, Roger" <[email-masked]>
To: John Podesta <[email-masked]>
Date: Tue, 14 Jul 2015 18:51:27 +0000

John,
 What is the near term schedule for speeches to flesh this economic vision out? I think there are 2-3 key ones coming up----is that right?

From: John Podesta
Sent: Monday, July 13, 2015 7:03 PM
To: Altman, Roger
Subject: Re: Speech

Thanks. Very helpful. I will share with Jake if that's ok.

On Monday, July 13, 2015, Altman, Roger <[email-masked]<mailto:[email-masked]>> wrote:
I am in Alaska for one more day but did read the speech.
   A couple of comments:

----- liked the dual focus on growth and fairness
------also liked the dedication to raising incomes. If that happens, everything else is secondary
-----the main points she made on quarterly capitalism and Wall Street were directionally right
-----think the campaign can do better in explaining the problem with short term ism and
        why it isn't serving the country.   How the focus of our capitalism has shifted towards
         finance, and not for the better. To me, this part of the speech wasn't clear or effective
----- beyond the good focus on pre-K, I wondered why there wasn't some additional
        focus on raising education outcomes and the ever sharpening  linkages between level of
         education and lifetime earnings; I know that some progressives say that focusing on
        education is a cop- out and that redistribution is the greater imperative. But, anyone
         familiar with David Autor's work knows that this is incorrect just in terms of arithmetic.
        In other words, no amount of redistribution can match the income effects of
         getting more Americans successfully into and out of college
-----finally, didn't think this was an especially optimistic speech; how America has overcome giant obstacles, just in recovering from 2008 ( let alone throughout our history)--- only advanced country in the world which has done that----and we just need to get our growth engine firing on all cylinders now and in a fairer way. But, maybe this is for the general, and not now
----- also wondered why she didn't stress her experience as two term Senator and part of The
     Clinton years; that  she actually knows a lot about the U.S. economy ( must be a good reason for excluding this)
   ---- comments like these prove that I am no political operative

Sent from my iPad

On Jul 13, 2015, at 12:08 PM, John Podesta <[email-masked]> wrote:

What did you think? Thanks for your advice.

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