The Hermanator is ahead of Romney in several polls. Whoda thunk it?
I think it would be cool for two black men to run for POTUS! Of course, Cain might just be the "flavor of the week."
Think of the great campain slogans for Cain:
Cain is able!
Vote for hurriCAIN!
Let's raise Cain!
Hop on the Cain train!
The pizza man cometh.
Get your favorite toppings with Cain.
What is funny is the gimmicky "999" bill he wants congress to pass to replace the current tax structure.
Just add up the federal sales tax with the local state sales tax and see where that helps the economy. Where I live the state sales tax is 6% added to the federal tax Cain wants to employ will be 15%! Try and buy a car or washing machine with that inflation and see where the economy goes.
Congress would shoot it down anyway and he would be as lame a president as we already have.
I'm not an economist, but as I understand it, the payroll taxes will be eliminated.
The payroll taxes will still be collected as they always were only at 9%. Don't think for a minute that they will let you handle your own money.
The thing about it is that the shared tax burden will devastate the poor as they pay little to no taxes with the current tax code. Just imagine making $23,500 a year and having close to $2,200 taken away from you at the very beginning! That could mean the difference between eating for a period of time or worse being evicted. Add the state and federal sales taxes and it would devastate you.
That is why Obama is going after the rich.
Palm to head!! I'm sorry, I meant payroll taxes would be DECREASED, not eliminated.
Is the employer taxed 9% or would the employer/employee each pay 4.5%...
Screw it, just order the pepperoni and some bread sticks.
What about FUTA and FICA and SS and Medicare?
Businesses will be given exemptions for buying "Made in the USA".
I have no idea what that means.
Good question...just when the Boomers are ready to collect.
Could it be a backdoor way to privitize these programs?? Or just get rid of them?
Geeee--let's do kindygarden math.... More people retiring, needing FICA money: Cut FICA pool of money.
What to do next??
Cain and Able Danger.
He's a Caniac and a Cain the the azz.
Not to worry, We will be collecting those taxes through the "999" plan and including them in the general fund to be doled out later when the feds deem you worthy of the entitlement. I am not worried, Nooooooooo Waaaaaaaaayyyyyy.
Well, if you vote for Cain, the worthy will be the 1%'ers!
Take from the poor to give to the rich. Is that racist?
Cause Cain says black people are racists and brain-washed. And Obama didn't live the black experience. Good thing a white person didn't say that.
But now they have a person who can say those things, and be safe about it, huh?
Well, LMC, I kinda understand what Cain is saying about the black experience. Cain grew up in the Deep South when blacks were considered 3rd class citizens. Obama didn't have the same experience. I'm not saying that makes Obama "less black" - but they did have vastly different experiences. I ran into two of my former students today, and both are black. (Ironically, I ran into them at a pizza place! lol) I asked them what they thought of Cain, and they both said they like him and will prolly vote for him. When I asked them why, they said it's because they think he can create jobs. Neither of these guys can find a full-time job.
Create jobs how?
Tax cuts. Been there done that....over and over and over again. When did it work? It's hard to find a full-time job here too...know why? The employers don't want to pay any benefits!
And thanks but no thanks....another thing we've done over and over and over again....take more from the poor and give more to the rich.
He's a suck-up. And a horrible one, because he uses racism to counter the argument that people have it bad in America. "Look at me....I made it."
WEll, you could say the same thing about him as he said about Obama...he didn't live the black experience either. How many black people you know have a rich white benefactor?
How many people at all, for that matter?
Free market? Like hell. It's rigged!
Well let me say it. Obama's father was a well educated Kenyan, his mother a crazy hippie. The man most responsible for raising him was Indonesian, until he died. Once his crazy mother returned to the US his white middle American grandparents raised him. He didn't work, he never got calloused hands, he attended the best schools through out most of his life, even in Indoneisa.
"Racially" (which matters more to Lawrence O'Donnel's ilk than it does me) he is only partly Black - and given modern standards African Black is not as protected a category as American Black. Culturally, he has nothing in common with most Black people of his own age - with the exception of conforming to the expectations of his Chicago community.
Herman Cain is very different. The last member of his family that came from Africa didn't come to attend an Ivy League school but came in chains. He grew up in the segregated South. The same segregated South that nurtured racists like Robert Byrd, Al Gore, SR. and William J. Fulbright. He gained his successes before the establishment of another racist system - Affirmative Action. Obama is a direct product of that system.
I heard that part of his plan also involves doing away with SS and Medicare. Boo on that one.
rhamson - it seems that 15% tax is probably less than most people pay now in federal income tax plus the additional state sales tax. 999 would mean paying 9% income tax and sales tax only on what the consumer chooses to buy. A win win. If you live in a state that has no state income tax like Tennessee, the sales tax is 9.25%. Still about the same as I pay in federal income tax but the state sales tax is not on all my income so again - win win.
Yes we Cain
I'm moving to Cainada
What a Cain in the A$$
I Cain count to 999, Cain you?
Flava of the month - oreo
Cain touch this
Yes we CAIN't.
A candy CAIN in every pot.
The moderates in the GOP will get CAINED.
Herman is not a Munster.
Hermanistas for Cain.
$ The mark of Cain. $
CAINtucky for Herman.
ArCAINsas for Herman.
CAINsas for Hermie.
Maine for Cain.
So you're all saying that it's better to be forced to buy medical insurance that you don't want or have that money taken forcefully from you?
Cain will eventually self-destruct as several of the other GOP pygmy candidates have done for various reasons.
Cain is part of the 1% as a former Federal Reserve Chair. He is the PROBLEM.
How could anyone who saw the blatant ripoff of Americans Tax Dollars by bailing out Walls Street Support one of their own.
Nothing neat about that.
No offense, but Cain can't beat Obama.
Republicans don't vote for Black people. If ONE of the two parties is racist, it's DEFINITELY the Republican party.
I've met numerous people who openly admit they won't vote for Romney because he's a member of "a cult". And so they pick "whoever the front runner is".
But they won't vote black. If they can't be bothered to vote for someone who shares 85% of the same religious beliefs as they do, they won't vote for someone who's black.
They also won't vote for ladies.
The only Republican who could beat Obama would be a White Christian-Christian Male.
We shall see... Romney can beat Obama when conservative Republicans realize that Romney is not running to be head of the church. All tho I do not subscribe to his Mormon faith, I truly believe that he is the man we need in the White House. And if Herman Cain gets the nomination, I will definitely support him.
I couldn't care less about Romney's religion. His political instincts do concern me, as much as McCain's concerned me. His instincts are to turn to a big government, centralized authority solution to an issue. This disturbs me but not as much as Obama. I have grown tired of holding my nose to vote for the next Republican in line.
"Solution to an issue," you mean like fraud and criminality on Wall Street, mortgage lenders, Fannie and Freddie, mortgage brokers, mortgage banks, and so forth? The government is needed to keep fraud to a minimum and prevent risky banking practices from plunging the world into another recession.
Government either ignored or encouraged those bad practices - either through distortions in the market place through its involvement or through its failure to control fiduciary instruments as is its fundamental responsibility. As usual with economic disasters, government was a partner - witting or unwitting.
Government has also insulated those risk takers from the consequences of their failure. By deciding which institution fails and which does not it reinserts into the market place the same kinds of distortions that created the problem in the first place. If government had isolated its involvement in the market to preventing force, fraud and the haphazard creation of bad investment instruments - the responsibility of the SEC, but they were too busy with internet porn - rather than ATM or debit card fees and other daily ordinary operations, it would have been much more likely to have caught the disaster before it exploded all over the dollar.
The desire to control the minutia of the banking industry rather than relegate those things to the market resulted in the government ignoring its real responsibilities. Depositors can decide for themselves if their bank charges too much for using the ATM. The customer is quite capable of moving their account to a bank that takes better care of them but is not capable of knowing all the fiduciary esoterica that goes into obscure investment instruments.
BUT, that is the basic reason for why the control freaks in the Congress concern themselves with the nagging little annoyances of the banks everyday operation. Voters complain about those - they don't complain about the lender taking on risky loans. Quite the opposite, they complain when they can't get a loan despite their personal irresponsibility or lust for more house than they might reasonably afford. Just look at the trivial concerns that draw the attention of Chuck Schumer.
If there is actual fraud and criminality on Wall Street why hasn't the Justice Department done anything about it. Surely the Democrats had sufficient authority that first year or two to bring miscreants to justice.
Evan - I keep hearing it the other way around. The Black Dems won't vote for a black person if he's as dark as Cain. And if he's a Republican, they'll cry Uncle Tom. Of course, I don't really believe this myself. I prefer to think there is always room for growth even in the area as nasty as racism.
I'm concerned that you're actually serious when you say 'if one of the parties is racist it's the Reps.'. Very narrowminded comment and a suprise coming from you.
I think any Repub can beat Obama.
The ones that lean too far right in the debates will never be able to beat Obama.
Romney is smart because he keeps his mouth shut.
Calling unemployed lazy, booing gay soldiers, cheering for the guy in the hospital to die, and the racist rock killed
the others chances of beating Obama.
The Republicans are desperate for a candidate. Anyone but the inevitable Romney, it seems.
Mr Pizzaman and his soundbite-rich but substance-free approach to politics will disappear as quickly as Trump and Bachmann did from the spotlight.
I think you're prolly right, LL. I feel sure it's going to be Romney, but most of the conservative GOP base thinks Mitt isn't conservative enough. I like Cain personally and admire his personal story. I also like the fact that he isn't a career politician. I do wish, however, that he wasn't so far to the right on social issues.
I think we're witnessing that the Republicans don't really know what they want. The only thing that unites them all is that they hate Obama. Reminds me of 2004...
I second that, habee. I was quite surprised with him on the debate. We don't need a politician, we need a human being who knows how to play with politicians.
I don't know, it worked for that other substance free candidate Obama.
rhamson: Do you understand what 999 is all about or are you just spouting MSM rhetoric?
I am not sure if I have your understanding of it but try to apply it to the reaction it will get on the hill with the slimy bag of puss we call congress. Just think of the corruption they could invoke with another tax applied nationally! He has about as much possibility of getting this past as Obama has at getting the republicans to raise taxes on the rich.
Just think of the inflation it would create in our consumer marketplace and the jobs it would cost as the corporations drive more industry overseas to lower the cost of their products to come in under the prices the taxes would increase.
His answer to the tax code is too simplistic and look at how Bachman reacted from the gut with the "666" dig at it. These are the brain trust that will have to vote for it.
It is not another tax, it does away with our current tax system. Stacie L lines it out fairly well.
What is wrong with simplicity?
Nothing is wrong with simplicity except when you involve the federal government. What makes you think it will remain at "999"? The loopholes that are outlined in Stacies explanation are a mile wide when interpreted by accountants and tax lawyers.
A 9% federal consumption tax is an inflation monster. It will just drive the cost of living even higher requiring manufacturers to look for even more third world sources to lower labor costs even more. How far down do you wish to go to compete with foreign labor? The president just signed another trade agreement with three more countries today that will complicate the problem even farther.
Our economy is driven by consumption and by making it more expensive only exacerbates the problem more.
Apparently Cain does not understand his own plan. He gets very confused when reporters ask him about specifics.
If he gets into a one on one with Obama, his "simple" takes on complex issues will expose him as an intellectual lightweight.
He was a nice diversion, but the GOP is stuck with Romney.
Cains 999 tax plan from his website
Business Flat Tax – 9%
Gross income less all investments, all purchases from other businesses and all dividends paid to shareholders.
Empowerment Zones will offer additional deductions for payroll employed in the zone.
Individual Flat Tax – 9%.
Gross income less charitable deductions.
Empowerment Zones will offer additional deductions for those living and/or working in the zone.
National Sales Tax – 9%.
This gets the Fair Tax off the sidelines and into the game.
Who'll stop the Cain?
Open a Cain o' whoopass
number nine....number nine....number nine....(Yoko screaching in the background)
Cain's leaving the station
I feel your Cain
habee & Ron: hilarious! Both of you are talented sloganeers.
Cain was the head of a Federal Reserve Bank.
That sums it up.
Interesting....in this clip, Paul calls Cain "a true insider"......INTERESTING.
Since Cain paints himself as a regular Joe who just made it big!
http://www.youtube.com/watch?v=h2-WMECg … re=related
These polls go up and down every month or so. It seems like half of this crowded Republican field has had a chance to be Flavor of the Month, and right now it is Cain's turn. His tax plan is radical and will be heavily scrutinized the longer he stays at the top, which at some point will probably pull him down from the top of that GOP mountain.
Cain reminds me a lot of Ross Perot back in '92. Both were successful businessmen and political outsiders with radical ideas for change, and both saw a lot of early success in their presidential campaigns. Perot was even ahead of eventual-winner Bill Clinton in the polls for some time. The difference here is that Cain is looking for the support of the Republican party, but I still think he'll have trouble grabbing votes from the middle class.
"These polls go up and down every month or so. It seems like half of this crowded Republican field has had a chance to be Flavor of the Month, and right now it is Cain's turn."
Absolutely right on. I know really nothing about Cain. But I think he showed his political naivety by coming out with his economic program so soon. This program of his is going to get skewered left & right (666 was a shrewd dig by Bachmann). The others are savvy enough to wait until the primaries begin. Cain is probably running for VP. This country doesn't need another political novice right now. It's bordering on collapse on my fronts. Romney - IMO -is the ONLY choice.
Cain will fade off soon. He's capitalizing on his 'celebrity' moment, but he's not a viable presidential candidate.
Did anyone see this Colbert intro the other night? http://www.colbertnation.com/full-episo … ali-soufan - classic Colbert
Republicans don't want to vote for Romney because he's a cultist.
Perry is a corporate schill who made his money off of bribes.
Cain's black -- don't get me wrong, I don't care. But Republicans sure as hell do.
Bachman's a lady - give me a break... do you really think any Republican wants to hear the phrase "Mrs. President"?
Gingrich is on, what, his 4th wife? LOL -that just SCREAMS family values.
Santorum is synonymous with fecal matter. No. I'm not joking.
... Only one person has a chance of winning their party's vote, but he's being ignored because he's telling the people what they want to hear.
But I'm just a paid stooge for the man, according to many on HubPages.
Cain is a former chairman of the Federal Reserve.
Mark my words, you don't become chairman of the Federal Reserve by "working hard and working your way up" as Cain portrays. Only those who are given HUGE FAVOURS are welcome to this exclusive club of scam artists.
Lol! True dat.
Ben Bernanke has blown upwards of $16 Trillion dollars bailing out banks across the world.
He sure as sh!t didn't make that money mowing lawns and selling lemonade!!
Ron Paul 2012 - he's the only reason we are even talking about the Fed.
"The U.S. Government Accountability Office (GAO) audit itself was the result of at least two years of grassroots lobbying. IPS reported in June 2009 a wide bi-partisan coalition of Members of Congress had co-sponsored legislation to audit the Federal Reserve.
The audit was ordered as an amendment by Sanders as part of the Dodd-Frank Wall Street Reform and Consumer Protection Act - a major banking overhaul passed by President Barack Obama and the U.S. Congress in 2010."
People don't burn federal reserve notes at Barnie Frank rallies.
If you actually deny that Ron Paul is the reason we're talking about this stuff, then conversation is futile with you.
You don't have to be radical to be effective.
Frank has been fighting the good fight a long time too....it's not just Paul.
And they all worked together to get this done.
There are a lot of decent pols.
Has it taken that long for you to figure out the futility of it??
Perhaps you should familiarize your self with Cain's biography. Director of the Denver Federal Reserve Bank is not the only thing he has done.
Warren Buffet - How about Jimmy Buffet? That would make more sense. Either way you would have to be high to vote for either.
Both Buffets have made their money honestly.
Both Buffets reach out beyond themselves to help others.
Either would be better than most of the Republican contenders.
There are no Republican contenders, only pretenders.
Warren Buffet keeps his money - dishonestly:
http://www.huffingtonpost.com/2011/08/2 … 41099.html
I suppose a dishonest tax evading Secretary of the Treasury acceptable to Democrats shouldn't bar another tax cheat from a Democrat Presidency
Another valuable talent WB possesses is the ability to tell a lie like it is the truth - another qualification for a Democrat President
http://www.factcheck.org/2011/10/shes-n … secretary/
Yeah, the Supreme Court stacked the deck and gave the election to George W. Bush.
Cain will flame out as scrutiny increases and his ignorance of important public policy issues becomes apparent.
UV - before you call other folks cheats, you need to get your own act together.
Your first link is about Buffet's company agreeing it owes back taxes and that it is negotiating them with the IRS. Nothing abnormal there.
Your second link is about what people not associated with Buffet have said about Buffet's arguments.
I like a strong argument, but if your case is strong you do not need to use "iffy" evidence.
Negotiating is billionaire speak for fighting it out with lawyers so you don't have to pay the full amount. You try negotiating your taxes. Besides isn't Buffet the "I am not taxed enough" guy. Perhaps he should just stop fighting to keep all his money in his control and take zero deductions and pay more. Paying more taxes is a function of desire and Buffet obviously desires that everyone else pay more. He actually means "your taxes aren't high enough, pay more"
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