struggling one, that puts more pressure on us. it will have negative economic effects on this country but it also means we ll continue to look like the strongest economy that can really be the engine of global growth. but, again, i think the big lesson in china is intervening to prop up a stock market is not the right way to go. at the moment it s very scary what can happen to the new chinese savers getting into the markets. you might be creating another bubble. you have to make sure your markets are at more sustainable levels and not have the government jump in whenever the road gets rocky. let me move on. hillary clinton will make her first major economic speech of her campaign tomorrow morning. we re told secretary clinton will focus on wage stagnation saying that it s her top goal to raise median incomes for average americans, raise their salaries. we know wages haven t moved in seven years. will she be able to walk this
expected from employees. reporter: to find a way out of the wage trap, productivity needs to rise. figures out with uk s efficiency of output lowest level since world war ii. lag being hoond almost other countries, g-7 peers. wages haven t risen because we have a record number of people in work. we have more than 30 million people actively taking home a wage. a jobs rich recovery. it s been hard for people, surely better that people are in work than not in work. reporter: with more peoplen work does not mean that they re spending more. the less we get moneyen people s pockets, then we will struggle to get the demands the economy needs to grow, recover, become sustainable. until that happens many u.k. workers and bosses can t see a way out of the current income impasse. and, rosemary, that next
tug at you and make you conflicted on the campaign. when you think about twix, since we are looking at hillary that way, i just wonder. we have seen in the obama presidency how hard it is to lift up a middle class. that s been one of their themes. the income divide, the divide between rich and poor has gotten worse. wages haven t gone up in years. this is what this president has wanted to do. hillary clinton is tied to all of these banks and wall streeters and different money players. how would she make a difference? what would she be able to do that would actually help the middle class american? well, you know, we will have to see. we will have to hear. no, really? are we going to see and find out the hard way? hear what she has to say. but, you know, i mean, this whole discussion illustrates why i think people are so exhausted with politics. and sort of, you know, slouching
it s middle class. it is how you can get middle class incomes rising again. they ve been declining for ten years. it s how you can get more good-paying jobs here, and how the productivity gains, which we ve had over the last decade and a half, can help average folks. wages haven t caught up to that. that s not political. that s a necessity. if the incomes keep declining, we ll have a different america that no one will like. this is a very important speech. more important than most, because the whole tech tonic plates beneath our politics is pivoting, and he ll focus like a laser on the middle class. it was the economy, stupid, in 92. it s the middle class, stupid, in 2014. and, also, what the white house seems to be hinting at here, is they re not going to be asking much of you guys in congress, because he feels as if he s going to be forced to go around congress, that he won t get a lot of cooperation.
on hillary clinton and be unafraid to play hardball if necessary. well, on sunday, rand paul certainly passed that challenge. the base of the party wants to see republicans aggressive against the clintons, they don t want to see him passing chances to take hits. well, he didn t pass a chance to take a shot at both bill clinton and hillary clinton and hit chris christie. he s done that before, but the other leading candidate for the gop nomination hasn t been fighting back as much lately, so what does this mean? means senator paul is a bit more nimble on his feet now these days than when he first started doing interviews and means he s going to be formidable in a group setting in debate, will be able to stand out in a way even his father wasn t able to do. interesting to watch him on the sunday talk show. that s it for this edition of the daily rundown. remember, i have nancy pelosi live with me on a special set, pre state of the union edition