Raising Cain

According to the latest NBC/WSJ poll Herman Cain now leads the Republican pack running for president.

Is it his 9-9-9 tax plan?  His role at Godfathers pizza?  Gov. Chris Christie recent endorsement of Mitt Romney? 😉

As to the 9-9-9 plan, where there is a flat 9% income tax, 9% corporate tax and 9% national sales tax, plus it eliminates the “death” tax, capital gains tax, Medicare tax, Social Security tax and double taxation of dividends.    You don’t need to be a tax specialist to see that this is a highly regressive plan which will negatively impact the poor and middle class and benefit the rich.  The plan was devised by Rich Lowrie, Cain’s chief economic advisor.  Problem is that Lowrie, by his own admission, isn’t an economist.

As to the Godfathers pizza turnaround, Cain closed over half of the stores.  Now one may say that cutting non-profitable stores is a good idea, but at the time the chain was owned by Pillsbury, which certainly could have afforded to improve marketing efforts at those stores.  After the closures Cain was part of a group that acquired the remaining stores with a very risky leveraged buyout.  Cain became CEO, until the board asked him to resign.  So much for his success in business and being a job creator.

Note that Cain is no dummy.  His undergraduate degree was in math and he has a masters in computer science.  He was chairman of the Federal Reserve Bank of Kansas City.  This indicates that his agenda is well thought out, and opaque by design.

ps. If you look at the margin of error in the NBC/WSJ poll, Cain and Romney are a statistical tie, but the talking heads never look at the margin of error.

Advertisements

20 Comments

Filed under Uncategorized

20 responses to “Raising Cain

  1. TempeBev

    I have to say again, that no way will the repugs nominate a man of color as their candidate. I’m 99% sure 😉

  2. Dog's Eye View

    Bev; so glad you are heading to a Phoenix protest (believe you said?) … Look forward to joining one myself.

    In shock about the Seal Beach shootings. Mayberry by the Sea.

  3. Dooty

    the Occupy Dallas is having trouble. The city is demanding a one million dollar insurance policy or the police break up the campers. They are having trouble finding a policy and tomorrow is the last day.

  4. Anonymous

    Ok, what date do you pick?

  5. TempeBev

    The above anonymous was from me – using iPad and it didn’t use my name. (I probably don’t know how to use it.)
    Two things I read about in the paper this morning.
    1. There are 2 investigations about the guns over the border from the 2007 Bush era – of course the on that occurred within O’s time is the one that gets all the bad publicity.
    2. The deadline for ideas presented to the “Super Committee” is this coming Friday. The committee has until Nov 23 to make changes. Nothing will change – it’s all another scam.

    Also, will probably miss the march in Phx today. Cooler motor was getting VERY hot and filled the house with electrical burning smell. The replacement takes precedence over a march.

    Have a good weekend to everyone.

    • dnd

      Bev,
      Since the Republican field appears to be fixed, Cain will have to say something really, really stupid and offensive to knock him out of first place. And we know he’s fully capable of that. It’s just a matter of time.

  6. TempeBev

    We’ll see how he does in the next debate. Wonder how long his rising star will last? Heard he doen’t have much $.

    Hope I don’t appear as anon again.

  7. Dog's Eye View

    Cain’s nein nein nein plan is simplistic and for the simple-minded.

    Steve Pearlstein and Timothy Egan had good takedowns on Cain’s plan. Although dnd made their points earlier and more succinctly!

    Egan: Cold Pizza from Herman Cain
    http://opinionator.blogs.nytimes.com/2011/10/13/cold-pizza-from-herm-cain/?scp=2&sq=Timothy%20Egan&st=Search

    Pearlstein: Hermanomics: Let Them Eat Pizza

    “If Cain is the perfect Republican candidate for 2012, then Godfather’s Pizza is the perfect metaphor for the winner-take-all economy envisioned by today’s uncompassionate conservatives: a highly-leveraged management buyout that made fortunes for top executives and big franchise owners by closing stores, hiring mostly minimum-wage employees with no health or retirement benefits, and relying on slick TV ads to peddle an unhealthy and mediocre product.”

    http://www.washingtonpost.com/business/economy/hermanomics-let-them-eat-pizza/2011/10/11/gIQAgTOmmL_story.html

  8. Dog's Eye View

    Watching the Martin Luther King, Jr. Memorial Dedication. Crisp and inspiring.

    MLK and Occupy Wall Street day of action the same weekend.

    The tide is turning. Do you think the plutocracy/Planet Fox News is going to get this one back into the bottle? I don’t.

  9. Dooty

    thanks D we been waiting for the offense to explode and last night it happened. Remember Dexter the night watchman from the old TrailMix site? he is a Tiger fan and we had an interesting conversation. shoulda bet something on them but didn’t. Cruz is a monster. He calls it his “Boomstick” and it does go Boom.

  10. TempeBev

    Well, have we seen the first crack in Cain’s rising star? His comment about the electric fence maybe the beginning.

    Maybe someone from out of AZ can explain to me why all the candidates are coming to “Sheriff Joe” to ask for his endorsement. IMO, he’s a bug that needs to be squashed. I just don’t understand his appeal.

  11. Hey guys,

    Sorry for having been MIA for the last week or so, besides working a lot of hours I’ve been dealing with what was looking like a major dental crisis. For about a week or so it looked like I was going to have to loose all my upper teeth, after consulting several dentists I am now in the care of the chief of prostodontics and prostodontics resident at the Univ. of Rochester Eastman Dental Center and we are going to be able to salvage my remaining teeth and do a full dental restoration! I can’t tell you how relieved I am that I am not going to be loosing my teeth!

    On oh so many levels Rochester is proving to be the place where I am being afforded the chance to put my life back together. Who knew such things could happen in Rochester, NY!

  12. TempeBev

    Glad good things are happening Brian.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s