Herman Cain

#126
#126
sjt18 said:
BTW, 999 will continue to drive Cain's campaign. He will continue to get a chance to explain and defend. The guy has a backbone so IMO that increases his chances of surviving the attacks.

In a practical sense, 999 won't pass as he proposes it. However it will shift the tax structure debate radically in the right direction... flatter, lower, more transparent, more growth oriented.

Bachmann lost more credibility with me saying it was not an economic plan. One of the primary ways the Federal gov't impacts the economy is through the tax code... and its current complexity.
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yep .. and the uncertainty of future taxes is part of the reason that billions of dollars are sitting idle on the sidelines .. both in the market and in hiring new employees ...
 
#127
#127
Daddy Gee said:
yep .. and the uncertainty of future taxes is part of the reason that billions of dollars are sitting idle on the sidelines .. both in the market and in hiring new employees ...
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The top five driving factors in unemployment right now, in descending order:

1. Structural changes in the economy. Technology allows pretty much every industry to do more with less. Steady-state unemployment now is probably more like 6.5 - 7.5 percent than the old benchmark of 5 percent. Kids coming out of school now need to learn to sell, or service computer equipment.

2. CEOs and corporate boards are being rewarded for cash on hand because that number is driving up stock prices, which is directly correlated to compensation. More cash on hand = higher confidence = higher stock price = bigger bonuses. Whereas in growing economy stock market reacts favorably to a company taking chances and growing its business and opportunity, in this climate the market rewards hording of cash.

3. Weak demand.

4. Cost of an employee in terms of benefits. This is one reason we need to secure some kind of major health insurance reform. You may not like Obamacare, but it is simply an undeniable fact that the cost of medical insurance for employees in the last 15 years has gone up so much as to make hiring prohibitively expensive. Something has to be done to deal with that.

5. Tie: Europe and housing crash.
 
#128
#128
Point 2 was one of the dumbest things I've read. Didn't read further; it might have good company.
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#130
#130
Also, the charge that 9-9-9 would clear the way for more tax increases is absolutely ludicrous. Transparency means that the people would know and have to approve through their reps. The politicians wouldn't be able to veil things or even increase taxes while calling it a cut. Getting a tax increase would mean having to say "We're going from 9% to 9.25%". It would also short circuit demagogury on both sides regarding "tax cuts for the rich" or "tax and spend liberal".
 
#131
#131
BigPapaVol said:
Point 2 was one of the dumbest things I've read. Didn't read further; it might have good company.
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:zeitung_lesen:
z
 
#135
#135
lawgator1 said:
The top five driving factors in unemployment right now, in descending order:

1. Structural changes in the economy. Technology allows pretty much every industry to do more with less. Steady-state unemployment now is probably more like 6.5 - 7.5 percent than the old benchmark of 5 percent.
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I know it is counter-intuitive but this is not true any more than the notion that railroads killed jobs because fewer blacksmiths were needed.

Kinda funny that the steady-state unemployment goes higher when Progressives are in charge for awhile. That same rate was thought to be permanent after Carter too.

For every job lost to technology, multiple jobs are created to provide a new service or product enabled by that technology... the problem has been primarily that those jobs have been exported. Both parties bear alot of blame on that one.

2. CEOs and corporate boards are being rewarded for cash on hand because that number is driving up stock prices, which is directly correlated to compensation. More cash on hand = higher confidence = higher stock price = bigger bonuses. Whereas in growing economy stock market reacts favorably to a company taking chances and growing its business and opportunity, in this climate the market rewards hording of cash.
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There are tremendous opportunities for that capital right this moment. There is ALOT of penned up momentum. The major factor in the US and thus the world is the uncertainty brought to the market by Obama's policies. I know you don't want to hear it but his threats toward businesses and business leaders, bail outs, takeovers, desire for tax increases, class warfare rhetoric, EXTREME position on unions, fiat regulatory changes, overzealous regulatory "enforcement", growth of gov't in every way, Obamacare, monetary policies,... all combine to de-stablize the foundation needed for investors to feel confident about releasing capital.

Obama IS the problem.

3. Weak demand.
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Demand is not the problem. If it were then point #2 would not matter at all... and it does. The problem is supply. We need a supply side, pro-business approach from a President who is devoted to big gov't and centralized control of the economy.

4. Cost of an employee in terms of benefits. This is one reason we need to secure some kind of major health insurance reform. You may not like Obamacare, but it is simply an undeniable fact that the cost of medical insurance for employees in the last 15 years has gone up so much as to make hiring prohibitively expensive. Something has to be done to deal with that.
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The solutions that will work... would drive you and the rest of the left crazy since they do not involve more gov't control or supply of benefits. ANYTHING that grows gov't's already destructive involvement in health care will be bad.

5. Tie: Europe and housing crash.
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The housing bubble is a significant problem because gov't policies and lending practices coupled to create an artificial over supply of both residential and commercial property.

Europe? If you want to see where the policies of Progressives/liberals will take the US... Europe is your case study. Socialized medicine, social programs which directly cause people to feel "entitled" to things they did not earn, over regulation, imbalance toward "worker's rights" over the property and other rights of business people...

But Europe could not hold the US recovery down without Obama's policies. In fact, if we were in growth mode the European crises would be nowhere near as bad as they are.
 
#142
#142
Anybody happen to see Cain on Piers Morgan last night? I'm still not convinced he can win, but man he is good in a Q & A format like that.
 
#143
#143
Latest Rassmussen poll shows Cain with a 7 point lead in Iowa. This is one of the crazier phenomenons I've ever seen.
 
#144
#144
Don't see it holding up in a month. Still can't shake the feeling that they're just going through every possible option before settling with mitt at the end of the night.
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#146
#146
GAVol said:
Anybody happen to see Cain on Piers Morgan last night? I'm still not convinced he can win, but man he is good in a Q & A format like that.
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yes .. thank goodness he is ... and one advantage that he would have vs. Obama would be that he doesn't have as long a political record as Romney does

GAVol said:
Latest Rassmussen poll shows Cain with a 7 point lead in Iowa. This is one of the crazier phenomenons I've ever seen.
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the MSM would have us believe the '10 elections were a fluke ... there are more tea partiers than the MSM lets on to ...
 
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