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Subscribe to RSSAbout a dozen informal advisors have been helping Republican presidential hopeful Herman Cain craft his views on both domestic and foreign policy as part of the former Godfather’s Pizza CEO's transition from businessman to politician.
But the identities of these advisers are largely a mystery.
The group includes former senior administration officials, former ambassadors, and economic and foreign policy experts, some of which are “household names,” according to J.D. Gordon, vice president of media relations for the Cain campaign.
Without naming names, Cain has referenced the unofficial advisers while on the campaign trail. It is how he often tries to quell concerns that his lack of time in public office would make him an inexperienced and unprepared president.
The week leading up to his Presidency 5 Straw Poll victory in Florida, the Atlanta based businessman told a room full of Republicans in Brandon, FL that a “well known former ambassador” is helping map his UN policy and members of Congress are drafting legislation for his 999 plan – an economic strategy that would set a business flat tax, an individual flat tax and a national sales tax all at 9 percent.
“I’m getting all of this good advice from people who know more about stuff than I do, so I can’t tell you who it is,” he told voters.
A senior campaign adviser said the reason the presidential hopeful has not released any of the names is because some of the informal consultants are not yet ready to declare their support for Cain.
The issue came to a head on Fox News Sunday on Sept. 18 when moderator Chris Wallace tried to pin Cain down about who helped him craft the 999 plan. Cain said it was his work, along with his senior economic adviser Rich Lowrie and “some of the best known economists in this country.” As to who those economists are, he said they have their own independent businesses and he could not compromise their confidentiality.
“I don’t throw my confidential supporters under the bus,” Cain said in Florida two days later.
Along with the outside help, three members of the Cain campaign - Lowrie, Gordon and research assistant Clark Barrow – serve as the candidate’s policy team. Lowrie is managing director of a wealth management group of Wells Fargo Advisors. Gordon was the Defense Department spokesman for the Western Hemisphere, and – along with serving as Cain’s press secretary - advises the candidate on foreign policy. Barrow started as an intern for “The Herman Cain” radio show in 2008 and was hired shortly there after. He compiles daily briefings for the candidate and coordinates debate preparation.
“He gets advice from our policy team within the campaign and he also has a large network of friends who are people like retired ambassadors,” Gordon said.
Cain has received increased attention since his rise recent rise in the polls, but even before any mention of him as a top tier candidate, there were questions about his foreign policy credentials – an area which Gordon says Cain is spending a considerable amount of time studying.
At the first Republican presidential debate in May, he said he did not have a plan for Afghanistan because he needed to listen to “the experts and their advice and their input ... I'm not privy to a lot of confidential information since I'm not in government and I'm not in the administration.”
In an interview with the Christian Broadcasting Networking last week, Cain said how he would respond to “gotcha questions" like who the president of Uzbekistan is.
“When they ask me who is the president of Ubeki-beki-beki-beki-stan-stan I’m going to say, 'You know, I don’t know ... How’s that going to create one job?'” he said.
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'It's a mystery' as Shaggy would say.. lol
Scooby-do, where are you?
*Scooby Snack* anyone?
Gosh old gal, your comment smacks of racism.
Not as much as Travis Smiley and the Cornell guy "Cain needs to get off the crack pipe" but still.
But really comparing Cain to a huge brown dog?
Really. Not good.
Cain is messing with there meme.
Rev. Al is even more tongue tied than normal about Cain. The crap he has spewed is funny but desperate - can't be having the GOP supporting the black guy. Heavans no.
Of course no racism, no need for Rev. Al, so of course he will "find" it.
Man - you all see that WAPO article? That's twice they have said Obama is not just out of touch [he never consults with his cabinet, only Jarrett and Axelrod], but is also clinically depressed.
Must suck to get promoted way above your capabilities, you know it, but you are expected to perform. That's really tough for Obama, as he has never has to actually perform.
His track record beofre this? 2 years of voting present in the Senate.
Poor guy.
It doesn't matter who is "leading" in the opposition polls. The Liberals will come up with something against him or her, and the vermin comments come out of the closet.
I wonder why the Liberals will not "discuss" Mr. Obama's domestic and International failures ? (Solyndra, Fast and Furious, Stimulus #1, Omnibus, Cash for clunkers, Cash for appliances, Weatherization program, Geothermal Plant in Nevada, etc.)
Nah, they would rather beat the drum about someones "advisers"......a really important Liberal "deflection" issue.
Solyndra? Fast and Furious?
Not here at First Read. No way.
Oh and that Geothermal Plant in Nevada is going to rock them next.
And it will be a total shock to your average First Read reader.
So really First read does them all a big dis-service/there is a price to remaining blissfully ignorant.
riskster. Where are the racist comments on this thread other than the backhanded ones you made?
Excellent question Jody.
I think you are going to find, now that the racism shoe is on the other foot [in this case yours] the standard and merits of the allegations of racism are arbitrary, capricious and unreasonable.
But good golly is sure has worked out well for Obama, eh Jody?
Make no mistake about it.
There are white "liberal electoral racists".
And...
I have that on good authority.
Let guess.
1. Koch Brothers
2. Rupert Murdoch
3. Various TEA Party Anonymous Super Pacs
4. Various Religious Anonymous Super Pacs
5. people that like really bad pizza or never had a real Chicago pizza.
Spanky--Learn to spell, will you? Investigate the differences among 'there' (adjective), 'their' (possessive) and 'they're'(contraction). The biggest differences between the Teabaggers and the OWS folks is the latter have correctly spelled signs in their hands and are well aware that Medicare is a socialist, government-run system, and a damned good one.
Yes MB there are white "liberal electoral racists". I am going to be one of them because I will not vote for Romney because he is too white, this guy is awfully pale, he is so white he does not look well. Now don't get me wrong he tries to be as friendly as Casper The Friendly Ghost, but the problem for me is he also looks likes him, maybe if Boehner would take him to the tanning booth I would feel better about Romney. HA I am a white liberal racist, I am white and I am very liberal with my racism.
Cain advisers? I bet you a side of bread sticks there are NONE! Cain is just as surprised as everyone else that he is popular. He's in it for the cash and notoriety; for a book tour and maybe some national syndication for his Georgia based radio show. He's a missile defense shield for the Tea Party. "See we got one too!" and a walking smoke signal to the base that "we don't like what we see in the front runners."
And He is smart, at least he's getting paid while they use him.
hey spanky....i think you been spanked one too many times.........you're the only one so far talking about race.....maybe you better get a lawyer
Kind of explains the Cain 'book tour'.
He needs the break to get jammed up the red white and blue with his handlers talking points.
First up Feisty is wanting to play the race card both ways. Finally, an intelligent black man who doesn't hyphenate his name like he is from someplace he has never been, has a real college education, knows business, has worked for the military, doesn't hide his past, has never given up a law license because he lied to get one, and can speak without a teleprompter while speaking the truth is running for president. And the Feisty one does the usual hit and run, MSNBC shill, first post on First Read yet again.
I said a couple months back that he was the best candidate and he is now proving it. All that will can stop him is the wrong who want more welfare, who believe that government exists to take care of those who have chose to suck it dry for generations, hoping for another handout. He is 100% right that the black community, for the most part, have been brainwashed by the wrong with the promise "we will take care of you and you won't have to work if you just keep voting for us."
That is Feisty's base. "Ask not what you can do for your country, but ask what your country can do for you. Why bother to work to get a skill when you can have others work for you?" Feisty's motto.
Cain sees that better than most. He knows that hard work will bring results. Obama never had a real job and his past is still a mystery which only the wrong don't care about.
soundbite_monopoly
"Cain advisers? I bet you a side of bread sticks there are NONE! Cain is just as surprised as everyone else that he is popular. He's in it for the cash and notoriety; for a book tour and maybe some national syndication for his Georgia based radio show."
He already has the cash. Maybe you just haven't been paying attention. He makes more $ now than he would being president but being president always brings in more cash. Just look at the past 5 that are living. The only 3 that have more cash than they came in with are dems. Look at the wealthiest people in the country - all dems. Look at the wealthiest corporations - most are run by dems.
As usual skanky redhead makes a stupid comment that adds nothing to the discussion and as usual msnbc tries to drag up a non issue about who are Cains advisors. Who cares? He will be Americas first all Black President. At leasst he hasn't spent millions tring to hide all his college records and his life is an open book for all to see unlike the current snakeoil salesman in office
BTW, I wonder if ole Jesse Jackson is going to make threats about cutting off Cains balls as he so eloquently said about obama
Now this is one were we the people have a right to know who is advising a candidate. Why does he not want to name names. When someone hides things it has a purpose and not a good one.
Tis, I guess you were asleep during the whole Obama campaign.
Straight up Tis.
Words to live by.
Now, I don't suppose you could advise Eric Holder? He's being rather less than forthcoming, wouldn't you say Tis?
And wasn't his little letter to Congress last Friday super precious? That guy is going down, and from a casual reading of his letter, the poor bastard knows it.
To "Tis the Season" A good question, but for now I think he has answered it. My question to you is, why has no one asked this question of backers, supporters, advisers of the President. If you look into just a few of the people surrounding him, you get a new light on who he is.
There you go changing the subject matter to fit your reality. My comment was about Herman Cain and why he will not name his advisors, why. We know who advises President Obama, we know who is advising Mitty, we know who is advising Perry, great choice. So stay on thread, do you want to know who is advising Cain or is ignorance bliss. We can talk about Holder later but lets stay with Cain for now.
That's the fun part Tis - Obama literally skated last time. This time he gets to answer all the hard questions put to the GOP candidates.
"On thread" right Tis? This thread, like them all is about the presidential candidates, all of whom seek to be beat Obama. Consequently it all applies to Obama.
Follow along Tis. You all seek to hit the candidates, we are going to make a reciprocal inquiry directed at Obama. And this time the press is not in his lap.
See the WAPO article today. Pretty stunning really.
Going to be fun. Well, not so much for Obama, but let's face it, at 39%, he's toast anyway.
President Obama named his advisors, many of them were from the Clinton administration, a number become part of the White House staff. Conservatives criticized them so those of you claiming otherwise, you are simply doing so to avoid the points Tis the Season made. Why hasn't Herman Cain told us names? He has been asked repeatedly who his advisors are and he says he isn't at liberty to divulge their names. My guess is because he never figured he'd be in the top contenders so the only ones he has are the ones on his campaign.
You're kidding, right.
So who was the moron that advised Obama to double the troops and simultaneously announce a "we quit-you-win pull out date in Afghanistan?
Immanuel, or Axelrod? Certainly wasn't a military man or for that matter anyone with the common sense of a common plastic spork.
Iraq? 3,000 troops? A half a regiment that can't do anything but try to protect itself - insane military decision, but fits the political narrative.
Who was the imbecile who came up with the the pass this bill jobs joke? Who are the "every" economist that say it will give 2% growth? Funny that Bloomberg surveyed 34 economists and on 2 agreed with Obama (they surveyed Goolsbee and Rhomer?)
Still ..... America has figured out that Obama is clueless.
Too bad they sucked, eh Jody? Or is this 9.1% unemployment, $1.6 trillion in new debt, and contiuing wars exactly what you had in mind when you voted for him?
Whoever they are, they gotta be better than Geitner, jarrett and Axelrod.
Golly I suspect you wouldn't vote for him anyway Jody, so what's the difference?
Hey, you think we will ever get Obama's transcripts? Not a chance, so what this you all are saying about disclosures?
Sorry we have to pay for the war that brought Christianity into the land of the Muslims. Ssorry , that's God's plan as prophecy predicts (sort of). Regan, Bush, Bush are making the world a better place, just expensive as hell. Get over you bitching, Let's put our Americian intellect together and see if we can right this sinking ship!!!
Tis, tell us Obama's advisors. I know one, it is George Soros of French, and Yugoslavia criminal charges. Soros is also Obama's sugar daddy.
yep...if he don't trust us, how can we trust him......keeping secrets means something is wrong
Please enlighten me as to exactly what difference knowing who his advisers are would make?
You don't get to vote for them. You vote for the person running for office, not his/her advisers.
and how does keeping his advisors secret mean "somethings wrong"
After all in this day and age, the freaking MOMENT people found about about who they were, we'd be hearing MR/MS *blank* is EVIL! Boycott his/her company! Lets start bashing and calling them every evil name we can think of in the hopes of getting enough sound bites in the Media to turn the, TV addled minds of most of America against this Cain fellow.
People would dig, and dig untill they found out that one adviser 40 years ago said a naughty word, or had an affair, or flipped off a box full of kittens and use that as ammunition to destroy the Candidate and his/her message. These people are NOT public officals or employies yet. If Mr. Cain gets ellected, then yea the Public has a right to know.
And BOTH sides are just as freaking guilty of doing it. (though i admit the Libirals are better at it over all) but they both do it.)
And again, what EXACTLY would knowing who his Advisers are, have? would it in anyway change your vote?
Who freaking cares who came up with the 9-9-9 tax idea. its a good idea and the ONLY one to actually mean that EVERYONE, Rich, poor, Black, White, Asian, Hispanic, Man, Woman or Freaking Martians.
Would ALL be paying what our President claims is Their *FAIR*Share.. (its freakin sick how folks seem to believe its FAIR for other citizens to a larger Percentage then them.. and expect us to believe its some how FAIR. its a freakn joke. FAIR means equal!
SmileyDr, Christianity has been around longer than Islam, so who would be bringing their religion to to whose area?
I wondered how long it would take the left media to start attacking Cain. I guess it is overdue since he has a couple of winning polls under his belt. It will be interesting to see how they attack his character since he is black.
A 9% tax across the board? Do we really think making the tax system regressive is going to help any american besides the top 1%?
Especially since the progressive one we got now is working so well.
Flat tax is the answer. Too bad the politicians will never concede that much power.
Oh, yeah plus a flat tax would be so totally unfair.
Not sure if I understood Mr. Cain correctly, but he said that purchases of "used goods" would be exempt from the sales tax, and seemed to imply that housing, after the initial purchase, was a "used good." That would throw a monkey wrench into everything.
kate 1855079,
You are correct. The sales tax in the Cain 9-9-9 plan applies only to new goods. Anything would be taxed only once, when it's sold new.
Used homes, used cars and other used items would be tax free under his proposed sales tax.
And the 9% personal and corporate tax rates would be flat taxes, no exemptions, no loopholes.
Food - taxed.
Medicines - taxed.
Clothing - taxed.
Income (no low income adjustments) - taxed.
Rent - taxed.
Utilities - taxed.
Added to any state sales tax, of course.
Will it help? No. It would be massively worse:
http://www.ibtimes.com/articles/228430/20111010/herman-cain-999-plan-would-tax-poor-people-s-food.htm
Used rent? used utilities? used medicines? used food? - not taxed.
Too bad there is no such thing Cain.
No monkey wrench - just no federal sales tax on the purchase of a home. It really isn't that hard to understand.
GrammaKnows: In many states, ee currently pay taxes on food, clothing, income, utilities, and rent, when you consider that the landlord passes on his/her property taxes in the price of rent. As far as medicine goes, we pay taxes on over the counter medicine now.
Hey, we have a right to know who his puppetmasters are...don't we?
Why that depends now don't it?
I settle to know whst Obama's grades were to start.
Wait, what's that, we no get that info?
How come?
Give it up, Spanky; he got elected as editor of the Harvard Law Review, Spanky. Takes good grades to do that, Spanky. I would love to see your transcripts; I can see you flunked English, Spanky. And this is nothing but a diversion, as is the WrongWing Way: if you can't answer a question, ask another one instead, Spanky. I in fact know who has bought Herman Cain, heard it today: the Koch brothers own him. Spanky.
Spanky is just staying on message. That's the GOP standard strategy; you keep repeating a lie until it becomes accepted as the gospel. Now we do know that Dick Cheney flunked out of college, because he told us. It's been documented that George W. Bush received "Gentlemen's C's" for his efforts in the Ivy League, and we've recently heard that Governor Perry's educational accomplishments as an Aggie undergrad delivered mostly C's and D's. No one on the right is bothered by that, or asked for grades for Sarah Palin or for Donald Trump before jumping on their bandwagons. On the other hand, it is firmly established (in some minds) that blacks cannot compete intellectually and are dependent on quotas to move ahead, so it makes sense to assume that this is applicable to President Obama as well. To be fair, most of these folks don't know what it means when someone graduates Cum Laude, or what the significance of being voted President of the Harvard Review by your peers means. They just know he's dumb as dirt and you're not going to convince them otherwise.
I wonder what Obama's grades were. Where are the scholarly papers that he produced while serving on the Harvard Law Review?
William, do you know what an editor does? Also, there are no less than 34 different editors, so Obama was one of many.
This lends more and more credence to the hypothesis that Herman Cain's economic ideas are "rectally-derived."
Seriously Rickster? What other bodily orifice can one pull out something as stupid as "Nine, Nine, Nine" from?
The Republican party candidates today resemble a bunch of car sales men waiting for a sucker to walk through the door. How can I screw I mean help you?
At least car sales men understand how business works.
Obama - no so much.
Obama screwed on a global level.
Barb - you should go buy yourself a Volt. It'd really help old Obama out, speaking of cars.
Now, why don't you want to help him out? Volts are super cool.
Spanky,
Motor Trend certainly seems to be impressed by the Volt. Do you know more about cars than they do?
Is it a surprise to anybody that Herman Cain has "shadow" advisers? After all he is a former member of the infamous shadow group known as the "Federal Reserve"... Hmmm, makes you wonder doesn't it.
No, give it a rest, I don't wonder at all about that. I do wonder why we don't know Obama's past, such as grades, or who were his college law school classmates. We do know Obama's recent past, he is the architect of the worst economic policy this country has ever encountered. Nothing but income redistribution is on his mind, and he can not be bothered by silly little stuff like jobs.
Godfather Pizza was one of the Federal Reserve branches? Wow; no wonder we're going down the tubes. Oh, wait; you were joking....
Could it be Chef-Boy-Ardee?
Maybe The Colonel told him the secret blend of 7 herbs and spices for a flavorful campaign.
Maybe Mayor McCheese gave him the recipe for the secret sauce so he could be the Big Mac of the republican primary
Maybe Papa John told him better ingredients make a better campaign.
Maybe it's that pigtailed little goody two shoes Wendy.
It's a mystery. Who is advising the Pizza Chain CEO? I don't know but they are beating Romney's and Perry's guys.
Damn you Forrest - you are making me hungry.
I think the poster above has a fun and interesting point - Fed. resrve. member.
Not good. Not good at all.
No kidding, now that you mention it I am getting hungry, damn Madison Ave does a hell of a job. Maybe that's who is advising him an ad agency you got to admit that $9.99 economic plan sounds just like it came straight from marketing. The New Economaster just $9.99 if you order now! But wait there's more! Hey maybe Ron Popeil is advising him.
LMAO- "Popeil's Pocket President"
9% flat sales tax sounds good. I thought democrats wanted the rich to pay their fair share? If all sales are 9% the more you buy the more you pay. I truly am astounded now by the democrats line of thinking. This guy should be ahead on the polls in both parties IMHO. No corporate weaseling 9% on all business income plus 9% on what they buy. 9% on personal income, no taxes to file, no deductions. No IRS liens because they get the money directly from the employer on your check or from businesses. There is no April 15Th deadline.Cost effective from the man hours not needed to collect from individuals but can focus on businesses to make sure they audit and collect the right amount. Your 401k plan can be used as you see fit pay 9% on the interest you make each pay cycle and your done.If you made no interest because of falling stocks you don't pay. This is a WIN WIN....but where's the fun in that.
Corporate tax rates are currently 35% on net income, it will become 9% on gross. Do a basic web search and you will find that, for instance, health insurance companies currently average a 3-5% net margin. If the company makes 1 Million, under Cain that is $90K in taxes. For a company whose net is 5% now that's $50K net income @ 35% tax is $17.5K. That is a $72,500 per million in revenue tax increase on health insurance companies. Who exactly will be picking up the tab on that?
Most retailers have net margins under 10%, again an income tax increase to pass along to consumers, plus on top of that, consumers will also have a 9% sales tax added as well.
There is no capital gains tax which includes interest under his plan. So the Warren Buffett's of the world who are paid mostly in capital gains and carried interest will have a personal tax liability on all that income of 0%.
Is all of this really OK because it is easier to file your taxes?
I understand capital gains will be taxed at 9% also.
Republicat - Cain's 999 plan has never been scored for total taxes paid and every economist of note has called his plan poor rubbish. Plus having worked in a Fortune 50 Tax Division for 20 years everyone knows that Sales Tax is a regressive tax and hits hardest the lowest population on the income scale - Sorry his 999 is a joke!
Everything thing purchased hits someone with less money, harder. Should the poor man pay less for a loaf of bread because he has less money?
Should the rich man pay nothing for his loaf of bread because he's rich! Now! that the question.
@sunnyeve,
Is the rich paying nothing? Put down the pipe.
sunnyeve is not very bright. Look over her.
Cain is being played by the GOP/TP and he knows it but thinks he can win anyway........ain't gonna happen, all the big guys are slowly throwing support to Romney. The wanna be, has been , loser.....they want him out of the way for 2016.
Whoever is advising HC is leading him down the only path he can take based on the approach HC seems to have chosen. That is to focus on now and regurgatate the talkimg points of the right, avoid your incriminating/embarrassing past, don't answer questions that make you look weak or like a hypocrite, and become indignant and turn questions you don't like into accusations and personal attacks. But trust me, at some point he's going to have to anwers questions on issues he's dancing around right now; i.e. many questions asked by Lawrence O'Donnell last week. His gruff, arrogant personna won't play forever. HC will have to come clean. Either way Herman Cain is a loser (at the polls and personally), and he knows it.
When you say scored you mean how much revenue will be lost/generated?
Massive loss in revenues: http://www.ibtimes.com/articles/228430/20111010/herman-cain-999-plan-would-tax-poor-people-s-food.htm
Do we really need to know this right now? Did we ask this deep about the god king's advisors, his religious affiliation, his land dealings, etc.?
Actually, yes. And it's still going on. How soon we forget.
If businesses pay 9% it would be more than many pay now. You think corporations that pay little or nothing are going to sit quietly while he eliminates all their deductions and hits them with a 9 percent tax increase. How would he get that through the republicans in Congress who have signed pledges, does the pizza guy think he is going to be the CEO of the US, he would be president, the president does not have the power a CEO has, it does not matter what his plan is, or how good, or bad it may be, he gets what Congress and the lobbyists gives him nothing more nothing less. I would think a CEO would hate the job of being president, the president has a lot less power than a CEO to implement any economic plan, or tax revisions he has in mind.
Forrest Grump, that was funny. I think you forgot Ronald McDonald, the Taco Bell dog and the recently retired "The King" from BK.
There is a reason they named it "Godfather's Pizza."
"Monday, Tuesday, Thursday, Wednesday, Friday, Sunday, Saturday!"
Cain doesn't need an adviser to come with the crap that comes out of his mouth.Small minds think small things.He's counting on his race to make up the difference.
ghilde, I suspect you are a black racist calling someone a racist. Go ahead, call Cain an Uncle Tom, you are overdue..
What kind of racist crap is this about his race GHILDE.
Cain's advisers? Ohh come on now that is simple. A guy who has no money keeps going on the campaign trail. Can you say KOCH?
As for the ignorance of some like the SPANK and that vitriol I read it as crying.
Cain's "Crew" can't be any worse than O-BUNGLE'S Rev. "GOD D_mn America" Wright, Louis "Space Ship" Farrakahn, Bill "The Terrorist" Ayres, The New Black Panthers, etc., but we know they will be portrayed as such.
Alan-1380274 you should stop making yourself look stupid, The New Black Panthers( two people ) are you serious LOL!
Bob 18054,
I'm not certain how much miltary experience you have, but let me share some of mine. By and large the US Army is no longer organized into regiments. While the designation is still used, it is purely a bow to tradition. The current organization is of battalions that are part of combat brigages. 3000 troops is a bit short of a full brigade, but not "half a regiment". In addition, I'm pretty sure that this force can do a very good job of defending itself against an enemy that can only muster a few dozen fighters at a time. Trust me, there are not a lot of idiots that would go head on against a US Army brigade; at least not more than once.
his campaign advisors are most likely yosemity sam and foghorn leghorn......
This idiot could be getting advise from Al Queda or even worse some evengalical pastor.
"Roll the bones"?
I posted this suff back on the 18th and MSNBC is just getting up to speed now? Horrors.
Well there's more..in 2008 Cain praised the Bail out as a Federal Reserve official. He also said that it would be a good thing if the US took a position of stack in the major banks. He also said the US would make a profit off of the bail out.
So far no one has wondered what Cain was doing at the Federal Reserve as one of the Board Chairs prior to the collapse of the economy. Why didn't he blow the whistle? Why was he saying the economy was great just days before it collapeed in 2008-and he had inside information as a fed chair!
Cai was partly right about the profit-but the jury is still out because of the loans that AIG and other have yet to pay back. In 2008 Cain opposed an audit or theFederal Reserve system- something Ron Paul called for for years. Cain said "Thre are audits, and there are audits" and that the federal reserve has so many audits it downs in paper work.
Sen Bernie Sanders got the Gerean Accounting Office to do an audit of the Federal Reserve which he released on the internet this week. The audit showed that theFed hadlent out $16 trillion dollars-far more than Bernanke and Geithner had told Congress th e Fed had lent. Sanders report has not recieved any media attention except from followers of Ron Paul who are raising this as case closed study of why the Fed should not onlybe audited, but controlled by Congress.
Ron Paul web sites are now blasting Cain as obstructing audits and being an witting or unwitting tool of the Federal Reserve. Which ever way it looks,it is weird to say the least that the Cain economists are so unporuld of their work that they won't take credit for it. If they are "nationally known" wouldn't they have self confidence to step foward and defend their work?
Moreover-Cain'splan doesn't say how much money a national sales tax would raise. Would themoney be "lock boxed" for social security o rnot (the payroll tax fundingsocial securityis elemnated inCains proposal) is also an open question. No merntionis made of whether medicines and prescription drug would be taxed or not,or if food would be taxed.
We refer you to Michelle Bachmann who has a proposal now before Congress for a National Sales tax to replace the income tax. Bachmann has done lots of homework onher ideas but has not recieved any attention from natioanal media-for some one who knows about National Sales Taxes. We also not the hearingbeingheld in Europe at the present over VAT froud whichis rampant in EU contries that do have a national sales tax-as words of warning.
Cains plan is fraud at best.
@Arlin-#28: Very informative post. Thanks. But take your time. Check spelling.
Anyway. You nailed it right on the head of the nail.
What exactly is the "stack" you bark about in the major banks?