Posted on 09/15/2011 8:27:15 AM PDT by justsaynomore
I got to give Herman an F- on this one. This is far worse than Romney's C-. And there's no way I'm voting for Romney. Cain you can do better than this! Bachman? Perry? Do you have a comprehensive plan? Someone please?
Danny, this is just the economic policy - he has other policies:
Release our Domestic Energy Resources
America is a land blessed with abundant natural resources and the capability of the people to obtain them. From the oil-rich states of Louisiana and Alaska to the mighty dams along rivers across the states, the options for many forms of energy are real and plenty. Still, liberals continue to perpetuate the misunderstanding that the high energy consumption of a thriving nation and conservation of our precious planet are at odds with one another.
Because they have perpetuated such a myth, liberals have forced excessive environmental regulations that have stifled our domestic energy production, and instead, forced American consumers to rely far too heavily upon foreign oil. In many cases, this oil comes from Middle Eastern countries, some of whom are not friendly to the U.S., who end up dictating the prices of our energy consumption. In return, Americans have seen no improvements in our environment or in the cleanliness of our air. We must expand our domestic energy resources by loosening government’s grip responsibly.
Subsidies on agricultural products, like ethanol-producing corn, have become a mechanism for the government to pick and choose industries it favors, while doing little to enhance our ability to harness real alternative energy resources. Instead, we must allow all forms of energy the ability to develop in a free market system.
Alternative energy sources, such as wind, solar, nuclear and hydroelectric are certainly part of the solution long term, but private industry must take the lead for true innovation to be a bigger part of our future energy needs. If alternative energy sources are found to be inexpensive, safe and plentiful, then American consumers will choose to purchase them. Let the markets decide which forms of energy fuel our cars, heat our homes and which ones will keep America working.
Fix the Immigration Problems
America is an exceptional nation. We are also a prosperous nation because of our liberties and our free market system. That’s why people from all over the world want to come to America to create better lives for themselves and their families, because we are truly the land of opportunity.
Americans have embraced their role as the world’s premier “melting pot,” welcoming immigrants from every corner of the planet. We readily learn about other cultures, customs and beliefs. We appreciate those who are willing to come to this country and make America a more vibrant and enriched place.
Americans do resent, however, the willingness of some to circumvent our laws and enter our nation illegally. While many, if not most, illegal immigrants are peaceful people simply seeking to provide for their families, some are not. In fact, some are quite dangerous, jeopardizing the safety and well-being of American citizens.
Illegal immigration has only exacerbated illegal activity, such as the horrendous crimes of drug smuggling and human trafficking. Illegal immigrants who are repeat offenders are harder to track, making it difficult for law enforcement to prevent crime. Further, weak borders have caused a compounding problem of terrorists assimilating with illegal immigrants, crossing the border with them and entering the U.S.
Illegal immigration also puts a tremendous strain on America’s entitlement and health care systems. Illegal immigrants are typically uninsured and cannot afford to pay for their medical care, driving up costs for all Americans, even those actually insured. In fact, several hospitals in the U.S. have declared bankruptcy as a result of the costs of caring for illegal immigrants.
We must secure our borders, enforce our laws and promote the existing path to citizenship. Protecting our nation’s sovereignty should be a paramount concern of those elected to lead us, not an afterthought or a reaction once the problem becomes even worse. Further, taking a stand on the issue does not mean one lacks compassion, but instead, that one respects the rule of law and the importance of not becoming a lawless nation.
Redo Financial Regulatory “Deform”
In the summer of 2010, Congress passed the Dodd-Frank bill, better known by its misnomer, “financial reform.” This bill, which exceeds 2,300 pages, will cost $30 billion and take many years to implement. Unfortunately, it does little to shield Main Street from the alleged risks of Wall Street.
This move for comprehensive reform, or really, deform, stems from the concerns of the American people following their bailouts of Wall Street with TARP (Toxic Assets Relief Program) to prevent the forecasted collapse of our economy. The sweeping legislation posed new restrictions and created new regulations for many sectors of the financial industry- from credit card companies to massive banks to accounting firms.
Like many things in politics, however, the devil is in the details. While Democrats sold the measure as a means of the government playing watchdog on behalf of the American people, the Dodd-Frank bill actually compounded the problems facing our nation’s economy. This financial overhaul created a protected group of “too big to fail” firms that allows the federal government the power to bail them out whenever “deemed” necessary. Additionally, the bill would allow the federal government to seize private property without judicial review if the owner keeping his or her rightful property results in “serious adverse effects on financial stability.” The bill also adds $20 billion in taxes for the next ten years.
What’s worse: the former chief of the FDIC, Bill Isaac, says that this bill does nothing to prevent a future financial crisis, the very concern that Democrats say the legislation was meant to address. It also did not include provisions to investigate Fannie Mae and Freddie Mac, the two government entities whose failures cost the American taxpayers more than $6 trillion. It’s also worth mentioning that the bill includes special protection for Big Labor and perks for President Obama’s supporters.
Eliminating the burdens of cumbersome federal regulations would provide an immediate boost for our weakened economy. It would signal to businesses and investors that the federal government intends to get out of the business of over regulating. Where regulations are required the states will do their job. Consumers and investors do not need nanny-state federal regulations to save them from themselves.
Repeal and Replace Health Care “Deform”
President Obama and the liberals in Congress have dismantled the free market health care system and replaced it with health care “deform.” They have passed measures that compromise the sacred patient-doctor relationship, eliminate patient choice, stick a bureaucrat in the examining room, ration care and do nothing to limit frivolous lawsuits that drive up the cost of health care. In all of these provisions, they made health care more expensive and less accessible for American families they claimed to protect.
Under the guise of making health care a “right” for all people, President Obama and the liberals in Congress instead extended the tentacles of government, expanding their control and diminishing patients’ rights. They have also made it more difficult and more expensive for doctors to practice medicine, including specialized practitioners who are desperately needed to save lives. In reality, their attempts at reforming the system have actually deformed it.
The majority of Americans agree: it’s time to repeal and replace Obamacare with patient-centered, free market reforms. It’s time to institute legitimate tort reforms that let doctors practice medicine without fear of frivolous lawsuits. Loser pay laws would be a great start! That is, require those who lose frivolous lawsuits to pay the legal expenses of those found not guilty. Additionally, loosening the restrictions on Health Savings Accounts would help to empower Americans to save and invest their own money to expand their options for health care.
Let’s level the playing field under the current tax code and allow the deductibility of health insurance premiums regardless of whether they are purchased by the employer or the employee. That would help shift ownership of one’s health care back to where it belongs, the individual. Patient-centered free market health care reforms have already been developed and introduced in Congress, but they are stuck in committee and they can’t get out. With the right leadership we can get them out and get them passed.
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More of his policy issues can be found here... http://www.hermancain.com/the-issues
Cain is leading the race for my vote - I will probably donate my pittance to him soon. The man is passionate, smart, and has worked and led in business.
Sounds like it's just the tax policy, and not the full economic policy. Thanks for posting that.
Labeling that "My Plan to Revive Economic Growth" implies he thinks the tax code change alone is enough to do that. I don't agree. But it's good to know he has a plan on some of the other stuff.
Doing away with Capital Gains tax all together and reducing the corporate income tax to a flat 9% will revive economic growth.
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