Wednesday, September 14, 2011

Obama: Those ideas failed already ~ By Herman Cain

In this column, we're reminded why Obama's economic strategies are not working. Uncertainty is one of the major reasons why the economy isn't "stimulated."

As the column continues on, Herman Cain spells out his NEW plan to get the economy going again. Herman's "9-9-9" plan is vastly different than his original ideas, where the Fair Tax had been featured. Will Cain's new 9-9-9 plan help or hurt him in his quest for the Presidency? You can find out what the new 9-9-9 plan is by reading this column, and then you can decide for yourself.

I've provided the video below to assist you with informing yourself.

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Obama: Those ideas failed already

By Herman Cain

September 11, 2011 ~ 9:00 pm Eastern

© 2011

The U.S. economy is on life support. The stock market is on a roller coaster. The unemployment situation has gotten worse. The Middle East is more volatile than ever. Congress has one of the lowest approval ratings in history, while President Obama's approval rating has hit a new low.

And now, after his big "jobs speech" before a joint session of Congress last week, the president wants to spend another nearly $450 billion to turn things around, since the first stimulus of nearly $1 trillion did not work. The speech contained the same kind of ideas he proposed earlier, packaged in some different rhetoric except for two new additions.

First, he proposed to cut the payroll tax in half for both employees and employers, but he did not say for how long. Granted, it's half of what I have been proposing for months. But without major companion cuts in the top corporate and personal income tax rates, and the suspension of taxes on repatriated foreign profits, it's just another crumb from the want-to-be king's table.

Businesses are not going to rush out and start hiring people, just as they did not when the president passed the 2 percent payroll tax crumb in the first stimulus package. And businesses still do not know what the tax structure will be in 2013. That's not fuel for the economic engine, which is the business sector. It's just a few dollars in the pockets of workers and more uncertainty.

Don't be afraid!
are the MOB
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