In our Lunch Alert! videos last week and this week, Dick sat down, first with Herman Cain, and then with Michele Bachmann to discuss their candidacies and perspectives. What emerged is a fascinating portrait of these two people and what their campaigns are really all about. (Actually the videos provide a clearer impression of their programs than they themselves have so far been able to articulate within the confines of the TV debate format).
Both Cain and both Bachmann videos — two of each — are still up on DickMorris.com. Check them out!
Cain makes the fundamental point that he is the only candidate who is presenting a basic economic reform in his 9-9-9 program (9% personal income flat tax with no deductions, 9% corporate income tax, and a new 9% consumption tax on everything). He says that all the candidates are promising to undo the damage Obama has wrought in his presidency by repealing the likes of Obamacare and Dodd-Frank. But he says that all this will do is to roll the clock back to 2008 when the economic collapse started. “Our economy was sick then and is sick now,” Cain says. He says that fundamental changes in our tax code, such as he is pushing, are the only way to cure the original problems that led to the roller coaster ride of the past few years. He criticizes Romney’s jobs program saying that it “only replaces one set of loopholes with another set” and says that his de-regulation proposals just replace Obama’s regulations but do nothing to restructure the tax incentives which are so destructive to economic growth. A very, very good point!
Bachmann makes a very good point of her own. She says that, while every candidate promises to repeal Obama’s programs — health care and Dodd-Frank –that it is not so simple. She likens the job to cancer surgery where you have to get out every single cell from every single organ into which it has metastasized. Obamacare has infested each part of the health care bureaucracy from HHS to Medicare to Medicaid to private insurance down to the individual doctors’ offices and hospitals. Its effect won’t go away when a repeal bill is signed. What of the tens of millions or formerly private patient records now sitting on federal computers? What of the health care rationing that is already taking place as a result of the data collection under the bill? She says that she was there when it passed and has fought it ever since and is the only one who knows how to root it out – all of it. Bachmann points out that a 3,000 page bill now runs to tens of thousands of pages of regulations. “This bill is still being written,” she observes. She makes the same point about Dodd-Frank which has infected every aspect of the financial system and must be dealt with as firmly. She points out that someone needs to understand the damage it has done to community banking and federal regulation to realize how to uproot it and repeal it.
Very fascinating points from two very good people. Either would be a great president. We urge you to watch all four videos to get up to speed on what their candidacies are all about.