Posted on 10/16/2011 2:32:45 AM PDT by Cincinatus' Wife
"I'm the only problem-solver in the group," Republican presidential candidate Herman Cain told Mike Huckabee in an August Fox News appearance. Well, many candidates bill themselves as problem-solvers. In fact, if we asked any candidate running for any office in the entire country, practically every one would likely define him- or herself as able to solve problems. Yet we know that politicians, as a rule, create and worsen problems rather than fix them.
.....Overconfidence turns the hopeful campaign pronouncements of otherwise successful people into dismal policy. In the end, Americans usually end up with more laws, less freedom, and no money.
The question is what type of problem-solver Cain will be as president......
Examining Herman Cain's record leaves serious questions about which type of problem-solver he is. In a column published October 20, 2008, Cain blamed conservatives' "economic illiteracy" for their opposition to the freshly passed Trouble Assets Relief Program.
"Wake up people!" admonished Cain with typical candor. "Owning a part of the major banks in America is not a bad thing. We could make a profit while solving a problem." Cain goes on to defend Treasury's decision to post-legislatively change TARP to buy preferred stock in banks rather than toxic mortgages. "You got a problem with that?" asks Cain. Apparently he didn't.
Cain reassures "free market purists" that the Treasury's stock purchase is "not nationalization because that would require government to own at least 51% of the entity for an indefinite period of time." (This is a relief, because some of us thought that government would use this foot in the door to force mergers, control salaries, and set lending rules. Oh, wait...)...
(Excerpt) Read more at americanthinker.com ...
Everybody and their uncle and aunt knows Cain has turned on TARP like a hot potato. To fail to mention this is to lie by omission.
Well, you just did mention it. Would you please post a link for the thread?
Herman Cain is full of bluster and gets to hide behind the race card with us. HE is not fairing so well with African
Americans, a lot of retired folks dont care for his 9% national sales tax and he just took a big poke at hispanics but that is another matter.
It sure must be nice to not get hammered on the issues.. I don’t wish to hit Cain unfairly, so let me say that Romney is taking a cake walk.
They do not realize that due to elimination of hidden taxes, prices would ease under the Cain plan, and that by more than the 9% they would pay.
Willie Green?
He loved trains to the point of fanaticism.
Now We have the Cain train.
Nice try.
The money has been taxed already.
Can you refute that prices would ease?
Can you prove that they would?
Here Cain says TARP was not implemented correctly and he would let the banks fail if it happened now.
http://www.youtube.com/watch?v=kSm2d6DqkUs&feature=player_embedded#!
Can you prove that they would not?
Well since you diverted the thread to perry with you initial post why dont you go ahead.
Cain stated on Huckabee Saturday that Social Security would not count as income tax and there would be no tax on any savings plans including 401k’s.
As for the price of goods and services here you go.
Examples of How Taxes are Hidden in the Price of Goods
Americans for Tax Reform (ATR) has calculated several examples of how taxes affect the purchase price of several goods and services. The ATR figures include the impact of all taxes — not just certain hidden taxes — on prices. According to ATR:
• Taxes account for 35 cents of the cost of a $1.14 loaf of bread.
• 18 cents of a 50-cent can of soda go toward taxes.
• 72 percent of the cost of a 750-ml bottle of liquor goes toward taxes.
• Taxes for an $80 hotel room average 43 percent.
• Taxes account for $63.60 of a $159 airline ticket.
• A $153.09 monthly utility bill consists of $39.35 in taxes.
• Over half the cost of a $1.33 gallon of gasoline is due to taxes.22
A 1992 Cato Institute study looked at taxes somewhat differently, calculating how much someone needed to earn to have enough after-tax dollars to purchase several products. The study concluded that a typical worker needed to earn $17,038 to buy a $10,000 car, and $2,556 to purchase a $1,500 computer.
Now look at the cost of that $10,000 car with the 999 plan.
10,000 multiplied by .09 (Business tax)+.09 (Sales Tax)= 10,000 multiplied by .18= $11,800
$11,800 Cains 999 plan
$17,038 current plan
You tell me which one is better.
So a retiree would only pay for the 9% sales tax compared to the hidden 22% average they pay now.
Horse crap!
You are telling me no one pays 9% more on earnings already taxed and saved?
Weasel words
Perhaps you should make a rational argument or provide an alternative plan.
I didn’t make the connection!!!! You know Willie is on this train.
You show me where Mr Cain exempts current savings from a 9% tax.
I think your wasting your time
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