Herman Cain speech and Q&A at the National Press Club

Herman Cain spoke at the National Press Club this morning and then took questions from the host of the National Press Club. My internet connection dropped me a few times but from what I saw of the speech and the Q&A it was very good.

The Q&A starts around the 19 minute mark:



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Emad Allan
Guest
Emad Allan

He is a perfect republican candidate–he does not have a clue about history, geography, current events, science, or politics. He’ll fit right at home with all the ignorant republican leaders doing what they are told by Rush limbaugh, the Koch Brothers, and TV evangilists.

Disco Obama
Guest
Disco Obama

Herman!

Anonymous
Guest
Anonymous
Chris Dias
Guest
Chris Dias

He’s my favorite and only one of three I’ll get off my seat and vote for. If Romney makes the top, I’m not getting out of bed to vote.

K-Bob
Editor
K-Bob

This was a very solid outing for Mr. Cain. He clearly was relaxed and enjoying the venue. It probably helped that he had people there with him, so he could refer to them directly. He was able to show passion and humor, as well as a command of issues that folks don’t normally see in a candidate. As he gets further into this process, he seems to be growing stronger as a candidate. His knowledge of banking and finance, as well as business in general, is very solid for a Presidential candidate, and it showed in his answers to several questions. The speech before the questions was nearly the same as the one he gave in Alabama this past weekend. He added a few twists to change it up, though. It’s a good speech. It was a tough room, but he managed to keep things rolling along well. He stepped… Read more »

Anonymous
Guest
Anonymous

He merely stated that if a bill on banning abortion came to his desk he would sign it. That means it would have had to have passed both the House and Senate to have gotten to his desk. That is not likely to happen any time soon and certainly not during his presidency. That is a red-herring. I’m not sure how a complete federal ban on abortion would come about anyway. But defunding it federally would go along way towards putting more of the ownership for an abortion (financially and morally) on the shoulders of the one seeking it.

K-Bob
Editor
K-Bob

Oh, I heard that, but I guarantee you that particular language scares away pro-choice independents who are similar to the ones that would have voted for Reagan.

Reagan finessed the issue perfectly. I wish Cain would do the same. It’s too late now, I’m betting, because the rabid, abortion-on-demand crowd will play that video over and over.

The good news is, we are in such desperate shape now that his position on abortion might not make enough difference to prevent his election. It might limit the landslide, though.

Jeff Song
Guest
Jeff Song

I agree he spoke well. I’ve always liked him too.

I disagree that his knowledge of banking and finance was solid. What I heard from him was that government interference is required, but it just wasn’t done right and the people in charge didn’t do their job. This goes hand-in-hand with his idea that “you don’t need to end the FED, we just need to fix it”.

Check the difference between Jim Grant (Ron Paul’s choice for Fed chair) vs Alan Greenspan to see what sort of direction Cain would take the Federal Reserve (Alan Greenspan was Cain’s model for the Fed chair).

Not very encouraging.

K-Bob
Editor
K-Bob

Ending the Fed would be nice. But it isn’t at all “necessary.” Volcker and Greenspan proved (until Greenspan went nuts) that a monetarist policy at the Fed limited the damage the Fed can do, and let it work mostly as originally envisioned.

Like Medicare, the Fed is a solution in search of a problem, and it wasn’t something that should have been created. But it was, and getting rid of it now is way down the list of priorities, just like getting rid of Medicare.

But just because the Fed was a bad idea has no bearing on his level of knowledge at all. He clearly understands the business of banking in a way few people do.

Greenspan was fine until he lost it. He went along with things in his last five years or so that he’d never have gone for earlier.

Jeff Song
Guest
Jeff Song

He just said that the higher education system was working in a free market system – he clearly doesn’t understand this issue. He needs to go back in review Ron Paul’s teachings.

Entitlement handling may be ok, but need much more detail – especially considering his lack of understanding on other issues.

K-Bob
Editor
K-Bob

That’s not what he said at all. He said he want’s the free-market system to handle the problems of high student debt. His point was that it ought to be working in a free-market system, but government is not letting it do that.

Jeff Song
Guest
Jeff Song

You are correct when you say he want’s the free market system to handle the problems of the higher education system, but after going back and listening to what he said a third time I see that he seems to think that the current system is free market. He agreed with the questioner that things weren’t fine under the current free market system, but he doesn’t think the government should artificially tamper with the free market system. Now that thinking is fine if there was any semblance of the free market left, but the government interference is what caused the big mess in the higher education system. My point is to show that Cain doesn’t have an in depth knowledge of much that is going on in the country. As one analyst put it – the Republican party is relying too much on consultants without having leaders with a solid… Read more »

K-Bob
Editor
K-Bob

Cain clearly stated that the free market isn’t working properly because of government interference. Nothing more need be said.

You keep stating something you cannot know at all, namely his level of knowledge. Further, it flies in the face of direct evidence, based on his clear answers.

Look, I know he’s not a Libertarian. That’s fine with me, since he clearly understands the difference between “freedom” and “liberty.” He’s closer to Reagan in his approach, which is more Libertarian than you’re gonna get with any other Republican GOP candidate.

(Rep. Paul is not really a Republican)

Jeff Song
Guest
Jeff Song

I guess we are seeing two different things and it appears we won’t get anywhere arguing about it. I respectfully ask you to listen to the speeches on the role of the Fed in the destruction of the economy, higher education and student loans, others related to banks and the economy by Ron Paul. You don’t need to be interested in voting for him to listen to what he has to say – you will probably then see why I believe Cain doesn’t understand much on any of the issues.

K-Bob
Editor
K-Bob

I’d put Cain’s knowledge of the Fed up against Ron Paul’s any day.

The Fed is only part of the problem. The Ron Paul folks keep chewing on it like it’s the whole enchilada.

It’s not even close to a high priority to fix. I’d put it behind Fannie Mae and Freddy Mac, which are themselves behind reform of the tax code, which comes after several other major problems we need to fix.

K-Bob
Editor
K-Bob

“want’s” ? WTF kinda typo is that?

Jeff Song
Guest
Jeff Song

hmmm . . . “I do believe that there should be some RESPONSIBLE regulations”.

I thought all regulations were responsible regulations.

Jeff Song
Guest
Jeff Song

With me as a small business it is certainly not just two. To keep things simple, let’s assume my incorporated business pulls in 10K. If I pay myself 10K:
— under the current tax system I would pay 0 corporate taxes plus the payroll tax of 15%, and then my personal income would be taxed at the going rate for personal income on 10K.
— under Cains system I would pay 9% on the 10K for corporate taxes and 9% on 10K for personal income tax.

The reason is that labor is no longer deductible for the incorporated business.

Jeff Song
Guest
Jeff Song

Don’t know how this got posted – I thought I canceled it. I wanted to cancel it because I realized I probably could pay myself 100% by dividends. But if you change that sample slightly by making the payment of 10K to contractors, I would actually be paying a new 9% tax since I don’t pay payroll taxes for contractors.

In fact any expenses I have to run my business that I normally would deduct (heating, light, etc) would now be subject to the 9% corporate tax. So I would go from $0 corporate tax to $900 corporate tax with a business that pulls in 10K.

But I would like to defer this tax debate to me previous post about switching the focus to spending cuts.

Jeff Song
Guest
Jeff Song

Again the focus is totally on taxes, when whatever benefit there may be to helping the economy grow is not that significant. I tend to believe Peter Schiff over Cain considering the history of economic predictions from the two. The major areas that need to be addressed are deficits, spending, and the FED. The catchy 999 is just a distraction from the real issues – therefore I don’t see much benefit in the debate about whether it is a good plan or not – other than to see how difficult it will be to getting it passed through congress. The other tax plans will give just as much boost as Cain’s – which are all theoretical benefits so arguing which one would be better is futile.

Southnsoul
Guest
Southnsoul

This is the best in-depth interview with Herman Cain that I’ve seen yet and should erase any doubt about this man’s intelligence, experience, and knowledge of the issues.

Anonymous
Guest
Anonymous

Mr. Cain:

You sir are a Patriotic American and you have my vote. Now, keep on kickin a$s!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

President Cain 2012

nuffsaid
Member
nuffsaid

This whole situation could have been resolved with Herman’s campaign manager simply answering Geraldo’s question with the word, “No.” But he babbled on like some TEMP hired to be on the reception desk for a day. Either Herman can pick subordinates no better than The arch bed-wetting tyrant, or he’s as big a micro manager as ever Barrack Hobama ever aspired to. I admire Mr. Cain. I am charmed by Mr. Cain. But I do not trust Mr. Cain. How come he’s all “Dodd did this and Franks did that..” the day he is tested on his actual history in employee relations? Where was Cain on Dodd Franks last week? Whats all this noise all the sudden? Did you find your voice? When he finally got to respond, he did it with typical Cain clarity, “Yes. I have never sexually harassed anybody.” Well Yes Mr. Cain. Neither have I either.… Read more »

Anonymous
Guest
Anonymous

…yes, WordFailYou, they certainly do. I hope for your sake that someone peeks over your shoulder and reads what you post, then promptly snatches away the medicine jar.

nuffsaid
Member
nuffsaid

Rather than point out the error of my observation or even replace it with a better explanation, you allude to some inadequacy in my health? Your response is somewhat short in both wit and clarity. I simply do not trust Mr. Cain. I find his “mis-speak-followed-by-damage-control” strategy to be suspect. Mr. Cain has had to paddle back up the creek so often that he may someday run out of creek or someday mis-place his paddle. What does a micro-managed campaign look like? When one is “paddling one’s own canoe,” one is alone. And, IMHO, Mr. Cain is showing us what a campaign looks like when it is thoroughly micro-managed. I don’t think Mr. Cain has demonstrated that he can delegate effectively or that he can manage a team effectively. And, if I am correct about the Cain skill-set, he is no better a candidate for an executive position that the… Read more »

Anonymous
Guest
Anonymous

It was a MARVELOUS address by a MARVELOUS man. Human, down-to-earth, honest, brilliant, approachable; CLEAR and coherent. NO “sniping”, and with a SENSE OF HUMOR. He is Ronald Reagan with color. The black Ronald Reagan.

Anonymous
Guest
Anonymous

“By their fruits ye shall know them.”

Some of the people on the dais did not stand or applaud at the end of Mr. Cain’s speech. That is their statement. They represent the national press. We know where those individuals do “stand.” To stand and applaud after a speech is many times a sign of respect not necessarily one of agreement or agreeance.

GB

joeldic@gmail.com
Member

Note that 9-9-9 is not three taxes; It’s really two. Corporate tax and personal income tax is one tax, because capital gains/dividends are not taxed.

joeldic@gmail.com
Member

Great candidate, but bad speech. He must be tired.

Steven
Guest
Steven

I think he did quite well without notes and a teleprompter. Great talk.

K-Bob
Editor
K-Bob

I figure he had a little list of topics. That’s all he needed. He made a note about how tough it is on the voice giving speeches so frequently.

As a musician, I’m amazed how well his voice is holding up, because he’s been hitting the circuit hard lately.

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