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 ...
FRiend, it’s fairly apparent that you aren’t vetting candidates at all but rather ranting and spreading misconceptions.
Have you really been up all night bashing Cain? Are you on the Perry payroll or just disturbed?
A more polite and reasoned approach might help you make a point. Calling a good man a “butthead” just makes you sound like a jerk.
Perry: “I will [eventually] tackle tax reform” HIs first 100 day plan seems to be all about energy. That’s great and necessary, but not sufficient. Again, is there a writeup? I am still listening, but there is lots of rhetoric about energy, but not much more than that.
I agree. I would think a new President would cut taxes.
“...sales tax (is a tax on) money already taxed...”
-
As it is now in the states with a state income tax and a state sales tax.
The 9 9 9 concept spreads the tax base to capture a larger pool of taxpayers in a more even and more fair manner.
Everyone then has a stake in the country; w/ no free-riders.
That’s a pretty piss-poor attitude. An ‘oh, this sap’s an idiot with money, so let’s tax him more’ mindset is, well, revolting.
How about we tax people that believe that cr@p at 150%, leaving you in the hole every year?
Is that the right thing to do? All that does is flip your attitude, leaving the concept turned on it’s head. But leaving the basic concept.
>> Why can we not vet this guy?
Because he’s not Rick Perry! Didn’t you read the memo?
Like Palin, Cain is soooo obviously Genuine Conservative(tm) that he **requires no vetting**.
If you believe in wasting time vetting Cain why don’t you go over to DU where you belong?
:-)
But I would still like to know what he is going to do for the rest of the economy. Is there a plan to lower corporate taxes? Ours are the highest in the world by nominal rate. The only reason they are not the very highest is that the politicians get to dole out breaks (e.g for R&D) in exchange for campaign contributions. We need to get rid of that problem.
The part about if I use the money I already paid tax on I get Taxed again at a %9 rate.
The plan I present this morning, Energizing American Jobs and Security, will kick-start economic growth and create 1.2 million jobs.
It can be implemented quicker and free of Washington gridlock because it doesn’t require congressional action. Through a series of executive orders, and other executive actions, we will begin the process of creating jobs soon after the inauguration of a new president.
There is, of course, an important role for Congress to play. And in a matter of days I will offer to the American people a broader package of economic reforms that I will take to Congress when I am elected President. My complete economic growth package will tackle tax reform, entitlement reform and real spending reductions in order to address our growing debt crisis.
But today I offer a plan that will create more than a million good, American jobs across every sector of the economy and enhance our national security, and the best news is it can be set in motion in my first 100 days.
My plan is based on this simple premise: Make what Americans buy, buy what Americans make, and sell it to the world."....Speech
SS and savings are taxed now! Everytime you buy something or get a service you are taxed an average of 22% in hidden tax and that is before adding state sales tax.
If consumption drives capitalism wouldn’t a consumption tax stymie spending?
I think Cain is FOS
"Rick Perry is an imbecile. I don't think he's capable of thinking on his own."
His supporters try to cover it by saying he is not a great debater but the truth is he is not a great anything.
Unfortunately his supporters seem to demonstrate the same traits in their transparent trashing of Cain.
Not true. Read the mans plan.
bump
>> The only way to justify that statement is to ignore the free market which inevitably lowers prices through competition.
Looking at the economy as a whole, if there are to be tax savings to business with which to lower prices (pressured by competition), then the net amount of taxes extracted from the economy must decrease.
Cain’s plan, being revenue neutral, does *not* decrease the net portion of GDP that goes to government.
No one has explained where this price-lowering savings will come from. Yes, corporate taxes may decrease, but other costs will go up to compensate. They HAVE to, if the plan really IS revenue neutral.
Therefore I can’t believe across-the-board price cuts will actually happen. The only way to give business a break is to cut NET taxes, cut government SPENDING and reduce burdensome regulations. Cain’s gimmick, while it’s an effective “brand” for him, doesn’t quite connect these dots for me.
OTOH, I would like to see the global warming crap buried 10 feet underground the way Perry wants to do. He believes there is an important role for green, but not for subsidized green energy (except for R&D).
Yes, Yes, all I do I bash Cain LoL
I have some serious issues with Mr Cain is that acceptable to you?
OK. No problem. First, you have to define income.
Does it include capital gains? Interest income?
The current system has thousands of pages devoted to defining what is income and what is not.
All this before you get to deductions. What is deductible?
My point is that either the Fair Tax or Flat Tax will still be subject to all sorts of discussion, debate, challenges, hate, etc.
Both systems are superior to our current system, but both will be opposed by those who are embedded into our current system, including conservatives.
The bottom line is that no system will be perfect. No system will eliminate fraud, black markets, abuse, etc. No system will stop a future Congress from raising rates and playing shenanigans with deductions, definitions, etc.
However, by moving towards a simpler system that makes everyone pay something into the gov't, we move away from the current approach that is creating a majority of non-taxpayers who can vote themselves benefits.
“Everytime you buy something or get a service you are taxed an average of 22% in hidden tax and that is before adding state sales tax.”
That is just like the “saved or created jobs”, it can’t be measured and is nothing but spin.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.