Herman Cain has half-jokingly described himself as the “dark horse” candidate in the 2012 presidential race, and he is probably right. Many, including not a few conservatives, discounted his candicay from the very start – before they had even heard what the man had to say. That is unfortunate.
Mr. Cain is a well known commodity in my part of the world, and I have been paying attention to him for many years. I know he is a good man, that he loves America dearly, and is not a little distressed over what the nation he loves is currently being put through by the Dear Ruler.
No, Mr. Cain is not the “perfect” candidate, and neither are any of the rest. All of them are toting at least a little baggage around – some more than others. The problem is that if too many conservatives in America continue to sit around wringing their hands awaiting that “perfect” candidate, we may as well go ahead and appoint Barack Hussein Obama as Exalted, Most High, Dear Ruler and Permanent Potentate for Life, and just get it over with.
Herman has some very good ideas that I believe would do much to get our country back on its economic feet and moving again. I wish more people would pay some very serious attention to what the man has to say, as he has demonstrated in the debates, as well as in his writings, that he very clearly “gets it” in many areas – particularly the business arena
The libertarian in me would love to see Herman come out in full-bore support for the FairTax (I know he supports it), as even that flat income tax of 9% that he is proposing would be too easy for congress to screw with, and would leave the hideous IRS intact, which is something no truly free America should tolerate. However, I realize that a rather sizable tax industry has been built up in this country around the federal income tax over the decades, and thinking it can be unraveled overnight is unrealistic.
Besides, there are still a lot of Americans – and that includes a large number of conservatives, who have yet to educate themselves as to what the FairTax actually is, and that will have to be overcome as well. We are just not quite there yet.
What follows first appeared in the WSJ (registration required):
My Plan to Revive Economic Growth
It is inherently American to work, to risk and to dream. Our government’s policies should encourage that.
BY: HERMAN CAIN
Last week, President Obama unveiled his eagerly anticipated jobs plan. After 43 minutes of his speechifying, Americans were left wondering: We waited 30 months for this?
Indeed, it seems Mr. Obama’s first term has been spent advancing a legislative agenda that pays no mind to our ailing economy and the Americans whose sufferings are casualties in his ideological war. After a failed stimulus package, preferential industry bailouts, and the disastrous government overhaul of the health-care industry, it seems the plight of the American worker has remained an afterthought.
This is the worst jobs recovery since the Great Depression. If the Obama administration’s aim was to merely tie for last place with the previous worst recovery, it would have created eight million more jobs, based on comparative data from the Bureau of Labor Statistics. If our recovery were more typical of the postwar era, as former Sen. Phil Gramm reported on this page in April, we would have 14 million more jobs today.
As a longtime leader in the business community, I know firsthand that government does not create jobs. It can only create the conditions in which businesses operate. These conditions can spur growth, or they can suppress it. The conditions imposed by the current administration have suppressed growth.
Still, there is hope. That hope begins with economic certainty, a sort of assurance the president seems unwilling to provide. I, on the other hand, have proposed a plan that would stabilize and grow our economy:
“Cain’s Vision for Economic Growth,” also known as the 9-9-9 Plan, is founded upon three guiding economic principles: Production drives the economy. Risk-taking creates growth. Units of measurement must be dependable.
The plan begins with restructuring the tax code to include the broadest possible base at the lowest possible rate. The elements are:
• A 9% corporate flat tax. Businesses would deduct purchases from other businesses and all capital investment. The resulting gross income is taxed at 9%.
• A 9% personal flat tax. Individuals would deduct charitable contributions, then pay 9% on the rest of their income. Capital gains are excluded.
• A 9% national sales tax. This levy would be placed on the consumption of all new goods. Used goods purchased would be excluded.
My plan would also permanently eliminate taxes on repatriated profits, as well as payroll taxes and the estate tax.
All of these measures would free up capital, spur production, and incentivize risk-taking, thereby fueling the economy and creating jobs. The plan has been designed to be revenue neutral initially, and then revenues would grow in line with the economy.
But these policies must be coupled with sound money. A dollar must be worth the same tomorrow as it is today. Stabilizing the dollar’s value starts with the federal government taking significant measures to rein in its spending and pay down the national debt. Americans must be assured that the federal government will live within its means and get serious about eliminating our crippling debt. Repealing ObamaCare, Sarbanes-Oxley and the Dodd-Frank bank-regulation bill would be critical steps.
Each job lost today is not merely a statistic. Americans are struggling to determine whether to pay their mortgages or buy groceries, whether to buy school uniforms or pay the electric bill.
Such despair is unfitting for the greatest nation the world has ever known. After all, it is inherently American to work, to risk and to dream. Our government’s policies should encourage that, not stifle it.
You will find Herman Cain’s entire article here.
We could do a lot worse than put the Hermanator in the white House. As he himself has often reminded us, he is not a professional politician.
That might just be what America really needs at the moment.
(h/t: Friends of Herman Cain)