July 28th, 2011
(RealityReport) – In the 2012 election, the voters must know their options inside and out. Herman Cain seems to speak as a true blue constitutional realist at first glance, but the Reality Report does not conclude without a closer look. This is Gary Franchi with a thorough policy view of the GOP nomination hopeful, Herman Cain.
Cain is Tennessee born, Georgia raised, and finished his masters in computer science at Indianaapos;s Purdue University. Since then, heapos;s taken the roles of a talk radio host, national columnist, author of four books, CEO of Godfatherapos;s Pizza, CEO of the National Restaurant association, and even Deputy Chairman of the Federal Reserve Bank of Kansas City . He is staunchly against abortion and gay marriage But what is his express plan for the country if he were the commander in chief? Here he is in a group of New Hampshire supporters speaking on the proper role of government. http://rtr.org/videos/23102/28041/herman-cain-on-the-proper-role-o 0:05-:025 “Provide for … … the free market system.” It seems simple enough, but what does that mean for his economic policy? http://rtr.org/videos/23102/28042/herman-cain-on-the-o-reilly-fact From 2:03- 2:09 “That is correct. I would lower the… …cap gains rate to 0.” http://rtr.org/videos/23102/28043/herman-cain-on-the-economy-let 0:48- 1:21 “My proposal is … with the American public” Cain goes on to unveil his five phase economic plan. He proposes to #1.Lower the TARP corporate tax rate from 35% to 25% and lower individual income tax rates… #2.” take capital gains to zero… #3. “suspend taxes totally on foreign repatriated profits.. #4. “give every worker in America a 6.2% raise by providing a real payroll tax holiday for a year for the employee and the employer.” #5. ” make tax breaks permanent or indefinite. He is also an avid supporter of the fair tax replacing the tax code, and wants to repeal the 16th amendment. On The Oapos;Reiley Factor, Cain expounds on how he believes his plan will pay for the national debt. http://rtr.org/videos/23102/28042/herman-cain-on-the-o-reilly-fact Cut 1: “But how do you get the 14 tril. + debt down… …going in the right direction.” 2:14- 2:57 Cut 2: “But Bill … … your revenue stream is going to drop.” 2:30 – 4:16 So all in all, Cain claims to be small-business focused and plans to eliminate the debt by fast pennies rather than slow dollars. But with the handling of money comes the handling of major foreign policies as well. How would he deal with our current situation? http://rtr.org/videos/23102/28046/herman-cain-on-israel-our-frien 0:04 – 0:47 “First of all that is very complicated… youapos;re messing with the United States of America.” You realize that saying you will have a plan in the future is not a plan, right? And even if there were a plan, it would not be your choice alone as the executive branch. The constitution gives war declarative powers to congress. Do we want another Libya? Or in todayapos;s case, another Yemen? http://rtr.org/videos/23102/28047/herman-cain-s-nancy-pelosi-momen 0:00-0:50 So once heapos;s been advised by the same people who advised Bush and Obama, then he will know. Iapos;m relieved. Foreign cautions aside, the Middle East by and large holds the energy economy over the worldapos;s head. Hereapos;s how Herman Cain foresees his response. http://rtr.org/videos/23102/28048/herman-cain-on-energy-dependen 1:06 – 1:41 “Drill baby, drill. … to become energy independent.” Ok, maybe we’ll go back to foreign policy. Immigration: http://rtr.org/videos/23102/28049/herman-cain-s-immigration-plan 0:47 – 1:10] “I know we can build a fence… and yes, Mr. President, it will have alligators in it.” If he has no direct plan for the debt, no real plan for his steps in the Middle East, and no mention of relieving the energy crisis besides drilling, he will need that fence to keep us in (if he can pay for it). But among the most appalling of all is his prior support for TARP and his skittish nature to answer about the Fed. Tarp: http://rtr.org/videos/23102/28050/herman-cain-supported-the-tarp-b Source http://004eeb5.netsolhost.com/hc133.htm 0:18-1:02 “No, I do not. … the time to debate.. decisions.” Do the American people want a president who can so boldly compromise the free market for a plan whose execution he was ignorant of? What does that tell us when Cain can tell us one thing today, and in his column say, “Wake up, people! Owning a part of the major banks in America is not a bad thing. We could make a profit while solving a problem..” America is waking up. And we see and question who is in the system for the status quo. The Fed: http://rtr.org/videos/23102/28051/herman-cain-discusses-the-federa 1:50 – 2:12 “Hereapos;s a suggestion …. They will.” Herman Cain has a history of working at the Federal Reserve before. However his comments are quit curious that he once said this about auditing the fed before his run for office. http://rtr.org/videos/23102/28052/herman-cain-