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 ...
Thank you for compiling all that good vetting information in one place.
You might find this article interesting. I just saw it this morning.
Are you taking into consideration the increase in the tax revenue from increased growth?
As the owner of a computer store we put together our own computers. Our suppliers bought from manufacturers who had to pay taxes. They added that expense into the product they sent to wholesalers. The wholesalers had to pay taxes and they also added that expense into the price they charged me. I had to pay taxes so I added that expense into the completed computers I sold. All those taxes except the tax to the end consumer will disappear under Cain’s plan. Essentially there would be, depending on the product, a minimum of 3 levels of tax costs eliminated. That would bring down the costs to retailers substantially on many products. That in turn would increase demand increasing jobs to produce those goods increasing the tax base of consumers.
Heck, let's just give it all away, and of course claim we're against amnesty at the same time.......
It's one of three reasons he continues to fall off the cliff with his polls. He's simply a horrid candidate pretending to be conservative to get the nomination. Ain't gonna happen.
NO they won’t. That tax is added at retail purchase which will be collected from retailers.
Good mornin’ HTRN,
Could you explain to my still asleep brain how prices would ease ? and prices of what ?
Thanks ~
Sorry I did not ping you to the comment, but please read post # 237 of this thread.
But not everyone is going to pay the national sales tax with the 999 plan.
Please see post # 237 of this thread.
Cain is giving tax exemptions to families living in low income minority neighborhoods and tax credits to low income individuals to offset any possible national sales tax they might have to pay.
So no, not EVERYONE will be paying the 9% national sales tax. Only middle class and upper class families.
Please reference post 237 for info.
If you would read the bill, you have to sign up to become legal to get the instate tuition. Wow! What a concept! You really need to read the stuff before you start to post on it. Please
Yes, Empowerment Zones, but only for some...
From what I've been reading, the empowerment zone program ended in December 2009. Is this a back door way to bring it back?
That's why it's called amnesty. Hoisted on your own petard. Congrats.
How in the world you PerryKrishnas get off claiming he's not for amnesty and post that kind of crap is beyond me.
Do you like LaRaza too?
Hey, maybe he’ll throw in a few white empowerment zones to balance it out!
When EXACTLY did he turn on TARP 2009-10-11.
I here his “well they didn’t implement it right”. Tell us Cain just how would YOU implement, yet another Bank Bailout. (which BTW Wall Street is banking on)
Yup, ghetto tax breaks. I don’t live in a ghetto and never will.
I don’t know of a single conservative that lives in the ghetto, or any that thinks they should get any special tax breaks.
Cain’s cheerleaders count making drug dealers pay taxes as a plus for 999. I guess they didn’t know about the ghetto tax breaks?
CAIN HAS NEVER SAID HE WAS AGAINST TARP.
HE ONLY SAYS HE IS AGAINST THE WAY IT WAS IMPLEMENTED.
Guess if he had still been at the FED it would have worked really great. What an arrogant egotist.
The key to being a “darling” these days is have no political record. That means you never have to explain a vote, or an executive decision, or a policy that you forwarded. You can say magical things that have no basis in reality, filled with skittles and unicorns.
Give me a guy with conservative working experience: Perry, Gingrich, Bachmann. Let the talk show hosts stay on the radio where they belong.
Is Cain perfect? NO! But, he’s a damned sight better than Romney. Plus, I’m pragmatic enough not to allow “perfect” to be the enemy of “good enough”.
Wednesday, October 01, 2008 • Press Release
AUSTIN – Gov. Rick Perry today issued the following statement:
“In a free market economy, government should not be in the business of using taxpayer dollars to bail out corporate America. Congress needs to take off its partisan gloves and work together to bring both short and long term stability to the credit markets. They need to stop blaming each other and start thinking about solutions that put the taxpayers of this country first.”
---------
The letter you speak of by Perry and the other Governor did not support Tarp. It was vague but it did not support Tarp. The Above Press Statement was issued to clarify that
---------------- I cannot find the transcript but I watched the interview:
Recently, in his interview with George Stephanopoulos, he was asked about bail outs. Perry said he was against bail outs. George asked what if they are too big to fail.
Perry if they are too big to fail then they are too big. Perry said under his presidency there would be no bailouts, not to Europe, not to Greece, not to GE etc.
perrys work permit plan wasnt kuch different than amnesty
Are you really that stupid that you equate Cain’s being on the board of one of the Reserve banks as the same as dictating the Federal Reserve policies? Your approach, this political season trashing recklessly any candidate you don’t endorse, is working for the democrat agenda: wittingly or unwittingly?
Business will flock to the ghetto to hire illiterate gang bangers with a 2nd grade education.
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