Wednesday, April 20, 2011

Economic common sense left D.C. long ago ~ By Herman Cain

President Obama's $1 trillion plan to stimulate the economy has not worked, even though he and the liberals are still in denial about that.

They are also in denial that raising taxes, and disguising it as "ending the Bush era tax cuts" will not work. Just look at history! The president and the liberals can't seem to get past blaming Bush for Obama's economic failures. The Bush-era tax rates have helped to stabilize the economy, along with the massive productivity blitz by the business sector.

Raising taxes will slow down our anemic economic growth even more.

Okay, so I am a little biased, I got to meet the man face to face, and shake his hand!

I think after reading this column, and actually hearing the same words from his mouth - not once, but TWICE! - today, without him having to use a teleprompter, it is time to mount a massive effort to get this man to run for the Republican nomination for President in 2012! And I believe very strongly that Herman Cain could be the one Republican candidate who could blow Obama out of the water in a debate.

What Herman has to say about economic common sense isn't just for our benefit. The one thing that I heard Herman Cain profess is his love for our children and their children. That's right, too, because if we just keep letting Congress and whoever occupies the Oval Office slide on things like Social Security and Medicare REFORM, it will be all over for our grandchildren! I'm just sayin' ..

Economic common sense left D.C. long ago

By Herman Cain

April 18, 2011 ~ 1:00 am Eastern

© 2011

While the budget drama in Washington, D.C., went back and forth last week over the federal fiscal year 2011 budget, lawmakers and the mainstream media missed the real opportunity. It's not whether President Obama or House Speaker John Boehner won on the deal, or the paltry savings they agreed on.

It's also not whether the real savings are $352 million, as scored by the Congressional Budget Office, or the $38 billion in savings claimed by Obama and Boehner, or the $100 billion expected by tea-party-minded people.

No! It's the $1,000 billion (that would be $1 trillion) they did not even talk about.

One trillion dollars in foreign profits is what could have come back into our economy if the tax on repatriated profits were zero. Multinational companies could have redeployed those dollars at no cost to anybody.

It makes no common sense to leave $1 trillion on the table!


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