Herman Cain

[spankbomb]

Back to opinions on Cain. I'm not interested in any of the tax proposals on the table because the main driver of our current issues are spending. The deficit this year will be$1,700 billion, and I do not care what "growth" you think you can spur by lowering taxes, your growth rate will not be sufficient to overcome how massive our spending inbalances are on the federal, state and municipal level.


As CEO of the National Restaurant Association, I'd like to find information on his stance on illegal immigration, immigration reform and enforcement of labor laws.

Per EPJ, Cain's tax plan was developed in part by Rich Lowrie. "It turns out, according to LaTi, that from 2005 through 2008, Lowrie served on the board of advisors of Americans for Prosperity, a nonprofit advocacy group heavily funded by Charles and David Koch. Pressed to name his other advisors, Cain again referred to Lowrie. "He's been my lead economist on helping to develop this," Cain said." So, if you are weary of the Koch brothers, be advised of who's advice Cain is basing his plan. BTW, his tax plan is allegedly revenue neutral, so we will still run massive deficits if spending reform is not addressed.

Another interesting point is regarding Cain's time at the KC Fed. "Cain was deputy chairman of of the board of directors of the Federal Reserve Bank of Kansas City from 1992 to 1994 and chairman from 1995 to 1996. During that period the Federal Reserve printed $432 billion in money (m2) out of thin air." So, continued assault by the Fed on your purchasing power should be anticipated.

EconomicPolicyJournal.com: Koch Ties to Herman Cain 9-9-9 Tax Plan

EconomicPolicyJournal.com: Federal Reserve Printed $432 Billion Out of Thin Air When Herman Cain Was at the Fed

Late,
Jon D.

 

[Crawl Wonder]

Back to opinions on Cain. I'm not interested in any of the tax proposals on the table because the main driver of our current issues are spending. The deficit this year will be$1,700 billion, and I do not care what "growth" you think you can spur by lowering taxes, your growth rate will not be sufficient to overcome how massive our spending inbalances are on the federal, state and municipal level.


As CEO of the National Restaurant Association, I'd like to find information on his stance on illegal immigration, immigration reform and enforcement of labor laws.

Per EPJ, Cain's tax plan was developed in part by Rich Lowrie. "It turns out, according to LaTi, that from 2005 through 2008, Lowrie served on the board of advisors of Americans for Prosperity, a nonprofit advocacy group heavily funded by Charles and David Koch. Pressed to name his other advisors, Cain again referred to Lowrie. "He's been my lead economist on helping to develop this," Cain said." So, if you are weary of the Koch brothers, be advised of who's advice Cain is basing his plan. BTW, his tax plan is allegedly revenue neutral, so we will still run massive deficits if spending reform is not addressed.

Another interesting point is regarding Cain's time at the KC Fed. "Cain was deputy chairman of of the board of directors of the Federal Reserve Bank of Kansas City from 1992 to 1994 and chairman from 1995 to 1996. During that period the Federal Reserve printed $432 billion in money (m2) out of thin air." So, continued assault by the Fed on your purchasing power should be anticipated.

EconomicPolicyJournal.com: Koch Ties to Herman Cain 9-9-9 Tax Plan

EconomicPolicyJournal.com: Federal Reserve Printed $432 Billion Out of Thin Air When Herman Cain Was at the Fed

Late,
Jon D.

Good stuff!

On another note, a funny coincidence regarding the 999 plan. This is the exact plan in Sim City 4.

And regarding the tax for spending, I can totally see this backfiring as people would either end up paying cash or under the table to avoid the tax on both ends, for the seller and consumer. A lot of stuff gets done like that nowadays anyway.

 

[sloppy]

no i don't.!st off I don't think the average person who is actually earning a paycheck is a moron.And I think it will be a very short time till people learn how to keep more of their money by NOT purchasing as much.

But the people who have many mouths to feed and cloth will have a heavier tax than the do now,unless there are still deductions for dependents.

You wouldnt really?? The average debt to income ratio is over a 100% allot over a 100%.. Sounds like the average moron to me.

 

[rock hard]

You wouldnt really?? The average debt to income ratio is over a 100% allot over a 100%.. Sounds like the average moron to me.

not that I agree with this numbers,but lets say they are true

a lot of people live past their means,champain tast on a beer budget.
people are also hooked on their electronics,300 phones,act

look,there is no tax on labor or used goods in this tax plan.
people will buy more used stuff,and do more trading and bartering.

this will not help economic growth,it will actually hurt it.

look,bush gave us a 600 check,all at once...
obama said it would be best to give back 20 here and there.
cuz 600 they are likely to save,which won't help the economy.
give them 20 at a time and they are more likey to spend it.


NOT wanting people to SAVE is BS:flip off:

Its good for everyone to save

and further more,20 a week will boot add to a persons disposable income,it will not temp them to buy a tv or tires.
It will allow them a little more beer,cig,food money.

600 at one hit and a person can catch up on bills,buy a tv,ect.

taxes do purshuade/or help people think about how and where they will spend.
If I can buy a used washer/dryer (sonnething I will need soon) and NOT pay a tax,you can bet your ass I will.
If I can buy a used phone and avoid tax,I will
If I can buy used tires and avoid tax I will

see the trend,,,,,trust me,people will catch on to how to keep their money real fast

 

[JeremyH]

champain tast on a beer budget

There's a solution for that.....

:ror:"thumbsup"

 

[Duuuuuuuude]

look,bush gave us a 600 check,all at once...
obama said it would be best to give back 20 here and there.
cuz 600 they are likely to save,which won't help the economy.
give them 20 at a time and they are more likey to spend it.


NOT wanting people to SAVE is BS:flip off:

Its good for everyone to save

and further more,20 a week will boot add to a persons disposable income,it will not temp them to buy a tv or tires.
It will allow them a little more beer,cig,food money.

I get what you're saying, and you're in a way right, but I can't ever think of a time in my life when I looked at my paycheck and said "woohoo! I paid less in taxes this week! I'm gonna spring for new socks!".

Saving is good, but to a point. If everyone saved as much as they possibly could, spending only on the absolute necessities, our economy would die. Its not set up for extreme frugality. You could do it, but there would be a period of painful adjustment. In all actuality, it would most likely result in better living for pretty much everyone.

 

[Duuuuuuuude]

I'd also like to note that I found it humorous that the Koch brothers are backing Cain.

They're also big financiers of the Tea Party.

 

[dezfan]

And George Soros is funding OWS.

Posted just to offset your continued obsesion w/ the Tea Party.

 

[Duuuuuuuude]

Posted just to offset your continued obsesion w/ the Tea Party.

<iframe width="560" height="315" src="http://www.youtube.com/embed/c9ZMDPf9hZw" frameborder="0" allowfullscreen></iframe>

 

[RANOVRU]

Im right.

No Im right.

Nooo...Im right.

Im wrong.

F you Im still right.


Bunch a slapjawed nancys.

 

[rock hard]

I get what you're saying, and you're in a way right, but I can't ever think of a time in my life when I looked at my paycheck and said "woohoo! I paid less in taxes this week! I'm gonna spring for new socks!".

Saving is good, but to a point. If everyone saved as much as they possibly could, spending only on the absolute necessities, our economy would die. Its not set up for extreme frugality. You could do it, but there would be a period of painful adjustment. In all actuality, it would most likely result in better living for pretty much everyone.

the finical system,tax system affects our judgments,thats certain.
The more a person saves,the more cushion they have for hard times.
Now if your the kind of person who has no issue taking government handouts,or even plans it in our strategy,then you don't have an incentive to save maybe.

I dont,I save,everyone should save.
I have cd's I havnt touched in over a decade.
peoples inability to prepare for hard times is why they feel they NEED ss from the government.

Me,I'd rather invest that money myself,at least then its mine.

As said,different ideas and opinions,the party in power sets the stage for the next round,I'm just glad this round is nearly over.

 

[rock hard]

There's a solution for that.....

:ror:"thumbsup"

Nope,miler is good,but I grew up in the flats.....I like
http://northhigh73.com/Really Old/Alcoholic Drinks/Schlitz Malt Liquor.jpg
http://northhigh73.com/Really Old/Alcoholic Drinks/Schlitz Malt Liquor.jpg

fk it,I can't get the pic pasted,just the url.....good enough though

 

[spankbomb]

As a follow-up, Michael Smerconish interviewed Cain today and I came away more impressed by Cain than I have been of him during any of the debates. If anyone can locate an audio clip of the interview online, I would highly recommend taking a listen for yourself and drawing your own conclusions.

I think the debate regarding the merits of an economy based on capital formation and investment versus an economy based on debt and speculation can be saved for another thread. :mrgreen:

Later,
Jon D.

 

[JeremyH]

miler is good,but I grew up in the flats.....

I was just kidding.....ya know, because High Life is "The Champagne of Beers"...like it says on the label."thumbsup"

 

[sloppy]

not that I agree with this numbers,but lets say they are true


and further more,20 a week will boot add to a persons disposable income,it will not temp them to buy a tv or tires.
It will allow them a little more beer,cig,food money.

600 at one hit and a person can catch up on bills,buy a tv,ect.

taxes do purshuade/or help people think about how and where they will spend.
If I can buy a used washer/dryer (sonnething I will need soon) and NOT pay a tax,you can bet your ass I will.
If I can buy a used phone and avoid tax,I will
If I can buy used tires and avoid tax I will

see the trend,,,,,trust me,people will catch on to how to keep their money real fast

You really dont Know people do you? Normal people are not like you... Normal people have next to no savings live on credit cards and buy what they want from the easy source.. Used is not easy or cool..

You can preach all you want about what people should do it does not change what people do.. Take all those "I"s out of your sermon and insert average college age girl or boy.. You clearly are not average.

You dont have to agree with my numbers its not hard to look them up.. plenty of sources for Dept to income ratio's

 

[slobin3d]

You really dont Know people do you? Normal people are not like you... Normal people have next to no savings live on credit cards and buy what they want from the easy source.. Used is not easy or cool..

You can preach all you want about what people should do it does not change what people do.. Take all those "I"s out of your sermon and insert average college age girl or boy.. You clearly are not average.

It used to be that way, and for many it is, But the last couple of years have really changed peoples thinking on money a lot. Even working at the hobby shop I see people paying with their Money envelopes not their CC's If your ever heard of dave ramsey you'll know what I'm talking about. 2/3 of our transactions are Debit cards not credit cards. I can't say if these people have savings, but the fact they choose not to bother with the credit at all says volumes. And my Job is 100% non essential spending where you would expect to see massive CC use.:shock:

 

[sloppy]

It used to be that way, and for many it is, But the last couple of years have really changed peoples thinking on money a lot. Even working at the hobby shop I see people paying with their Money envelopes not their CC's If your ever heard of dave ramsey you'll know what I'm talking about. 2/3 of our transactions are Debit cards not credit cards. I can't say if these people have savings, but the fact they choose not to bother with the credit at all says volumes. And my Job is 100% non essential spending where you would expect to see massive CC use.:shock:

I like Dave Ramesy.. I love when he calls people stupid :lmao: I have seen people buying RC's and not making the house payment and all they ever used was cash.. You can still overspend and not use credit cards.. new cars, to expensive of home, to many damn kids, stupid spending habits..

My only point was the more money Americans have the more they will spend.. No tax plan will change spending habits if a tax plan gives more disposable income it will be spent and then some.. That is why Dave Ramsey is the rich man he is, people are stupid..

For guys like rockhard that think because they will buy used or trade a plan like this would fail.. Even if that minority of people buy all used junk, they are still putting the money back into circulation, and the next person odds are is not so bright.. even trading works this way to some extent the item being traded has had the tax paid on it at some point.. Used items sold in stores I would have to imagine will be taxed again they are now.. If his reasoning was right everyone would work under the table right now because they could save on tax but that is not the case.

 

[microgoat]

Saving is good, but to a point. If everyone saved as much as they possibly could, spending only on the absolute necessities, our economy would die. Its not set up for extreme frugality. You could do it, but there would be a period of painful adjustment. In all actuality, it would most likely result in better living for pretty much everyone.

That's what happens when people are out of work. Extreme frugality becomes a way of life.

People like me who have a job know they can't count on having it forever. I'm paying off the credit card, not buying shit. Right now it's down to 5,000 and I should have it paid off by Christmas. So all my shit is old but paid for.

The credit card co. keeps sending me checks I can use to buy anything I want, up to my credit limit. So I can buy a new truck on the CC but that's not gonna happen.

Cain's plan makes sense, but he won't get elected. The Republican'ts will insist on some Bible banger, maybe someone a little less batshit-crazy than Michelle Bachmann (can they convert Romney to southern Baptist?) and whoever that is will lose to Barry in the general election.

Cain knows how to run a business, but Barry knows politics. While Cain was meeting a payroll, Barry was building alliances. Don't fawk with a Chicago politician, you'll end up at the bottom of the river.

 

[Duuuuuuuude]

Cain's plan makes sense, but he won't get elected. The Republican'ts will insist on some Bible banger, maybe someone a little less batshit-crazy than Michelle Bachmann (can they convert Romney to southern Baptist?) and whoever that is will lose to Barry in the general election.

Sadly you are 100% right on Romney's religion holding him back from being a serious contender. Mormonism is too far out into the fringe for most Christians. Hell, look at Kennedy and all the shit he went through during his candidacy because he was Catholic.

Another thing is, something I keep getting a sense of, is that the GOP keeps throwing the game. Crazy Lady Bachman, Rick Perry locking arms with a nutty Christian group...

 

[dezfan]

And yet Barry was elected after spending 25+ years in Jeremiah Wrights church listing to him spew hate speach, anti semitism, and Black Liberation Theology and no one said boo.

So tired of the double standard. :roll: