Displaying 2,761 To 2,790 Of 3,237 Comments Herman Cain’s “999” Attacks the 99% WHERE DID CAIN GET HIS PLAN? Rich Lowrie, whom Cain identified as “lead economist on helping to develop” his plan. Lowrie doesn’t have a degree in economics; he has a bachelor’s in accountancy. He is a financial advisor with Wells Fargo Advisors in Cleveland, Ohio. Lowrie’s office referred questions to Cain’s campaign spokesman, Wlliam Gordon. An email sent to Lowrie triggered an automated response saying that inquiries should be directed to the campaign, and that “[i]n his efforts on behalf of Mr. Cain’s campaign, Mr. Lowrie represents only himself, and not Wells Fargo Advisors.” Cain said an “independent firm” conducted an analysis of his plan and found that it is revenue neutral. Cain identified that firm in a CNBC interview as Fiscal Associates of Virginia, whose work has long been cited by FairTax proponents. Americans for Fair Taxation, a group that advocates for a FairTax, says in a 2007 white paper that a FairTax “would increase the GDP by 36.3 percent and increase private output by 48.4 percent over the long run,” citing the work of Gary and Aldona Robbins of Fiscal Associates. In a phone interview, Gary Robbins confirmed that his firm did the analysis for Cain. He said he used 2008 economic data and determined that the three taxes combined would generate about $2.3 trillion — each producing about a third of the total revenue stream. That’s about $200 billion short of how much the federal government collected in revenues that year. But, he said, $200 billion would come from “other sources,” such as revenues from the Federal Reserve. So, he claims, it is revenue neutral. As for tax fairness, he said he did not determine the impact on different income groups. He said he was not asked to produce income distribution tables common for major tax proposals. FLAWED FROM START TO FINISH. » Posted By MurphTheSurf3 On October 13, 2011 @ 10:48 am LIVE BLOG: GOP Debate Tonight on Bloomberg TV LESSONS FROM LAST NIGHT’S DEBATE Part i 1. THE LOVE AFFAIR WITH HERMAN CAIN DID NOT LAST LONG Ron Paul ripped him for his time with the Kansas City Federal Reserve, his opposition to auditing the Fed, and for praising former Fed Chair Alan Greenspan. Rick Santorum said Cain’s “9-9-9” plan would “give the federal government, Nancy Pelosi, a new pipeline, a 9 percent sales tax for consumers to get hammered by the federal government.” 2. PERRY NEEDS MORE PRACTICE (AND LIKELY A QUICKER WIT) Despite pre-debate promises from Team Perry that their candidate would be well-rested and ready to rock, Perry did not deliver…AGAIN.. His answers were still confusing jumbles, lacked specfics and in followups he got lost. His energy level fell off as the debate went on. AND Perry does not know how to make (or select if others made it up) a good strategic questions for an opponent. Romney took Perry’s Massachusetts Health Care question and turned it into a referendum on how poor Texas Health Care is. 3. MITT IS SO EAGER TO GET TEA PARTY CRED…HE WAS NICE TO MICHELLE 4. TARP AND THE STIMULUS ARE BACK (CAUSE KEY GOPers BACKED/USED THEM) Remember TARP, the bailout plan that is the thing that goes bump in the night for tea partiers? Turns out the two men at the top of the GOP field (Romney and Cain) were for it. Cain and Romney had the unenviable job of laying out their reasoning for publicly backing the program that is pure poison to a large part of their base. Both men basically said it was a good idea badly managed. Bachmann and Perry both got flak for their use of TARP money. 5. NEWT WILL SAY ANYTHING JUST TO BE NOTICED He attacks debate hosts. He dismisses his fellow candidates as light weights, though he says any of them would be better than Obama. On Tuesday, he turned his guns on his former colleagues in Congress, calling for the imprisonment of Rep. Barney Frank (D-MA) and ex-Sen. Chris Dodd (D-CT). with thanks for the inspiration to….. http://2012.talkingpointsmemo.com/2011/10/the-five-take-home-lessons-from-the-new-hampshire-economics-debate.php” » Posted By MurphTheSurf3 On October 12, 2011 @ 6:58 am Well then, here’s to our future, which is right now. » Posted By MurphTheSurf3 On October 11, 2011 @ 11:09 pm Jeb needs four more years to fumigate the national memory. Might work. He is a competent guy….the bright brother. I do not think the Big Boy from NJ will wear as well. He is a bully by nature and they do not play well with others. After his service to the state as a Freeholder, his own party ran an opponent against him who won. Like I said, he does not wear well. I am working broadly for all Dems at all levels. We need a Tsunami to wash the stables clean of the GOP stink. » Posted By MurphTheSurf3 On October 11, 2011 @ 11:06 pm My reference to the tossing in of new cabinets was not for this cycle…later means 4 years. The rest….we are on the same page. » Posted By MurphTheSurf3 On October 11, 2011 @ 10:16 pm My reference to the Heavies was to a future election, not this one. Agree with the rest of your analysis. » Posted By MurphTheSurf3 On October 11, 2011 @ 10:14 pm Neither Perry or Cain seem to have much understanding of the Federal Government. » Posted By MurphTheSurf3 On October 11, 2011 @ 9:56 pm The trusted economist is actually not an economist but rather a financial advisor who works for Wells Fargo. No real credentials. Just a corporate money man. » Posted By MurphTheSurf3 On October 11, 2011 @ 9:51 pm I want to see what happens to him in the South and to Perry in the North. The TP has reasons to dislike both of these guys. » Posted By MurphTheSurf3 On October 11, 2011 @ 9:48 pm The Enterprise Fund is used to do three things: » Posted By MurphTheSurf3 On October 11, 2011 @ 9:45 pm http://www.spencerdailyreporter.com/story/1752241.html MYSTERY SOLVED: Who is the Mystery Man Economist Advising Cain Rich Lowrie. First….not an economist. He has a master’s degree. He is a financial adviser from Cleveland Ohio. He is on the board of the American Conservative Union. Officially- Managing Director-Investments at Lowrie/Carney/String/Smith Wealth Management Group of Wells Fargo. No wonder he loves 9-9-9. SOOOOOO…..not very impressive. And Cain is misrepresenting him and his credentials. My next hunt: what company did the study on the 999 plan and pronounced it a great idea? » Posted By MurphTheSurf3 On October 11, 2011 @ 9:40 pm I think they are still being tactical but desperation will breed greater risk taking. » Posted By MurphTheSurf3 On October 11, 2011 @ 9:39 pm Perry just needs to hang on to the Southern Primaries where he will be a hometown, Southern Baptist, real conservative, hero and Romney will be a closet-liberal, pagan LDS, villain. Cain is there to blunt both swords. I am beginning to think that the GOP insiders have decided to focus on Congress…and so they are offering up some human sacrifices to fall on their swords awaiting the right time to toss in some real heavy weights (Christie, Jeb Bush) » Posted By MurphTheSurf3 On October 11, 2011 @ 9:36 pm F YOU MISSED THE DEBATE….HERE IT IS! 1) Romney: Please ignore that my job experience is killing them; my RomneyCare was the basis for ObamaCare; I hated TARP unless we really need it; despite being a near-billionaire I am one with the middle class. 2) Cain: 999. A well developed and research plan…except he won’t tell you who did the research and how it was developed….he has a panel…but their identity is secret. Shhhhhh. Oh, by the way, Bloomberg’s financiers and economists are incorrect but his mystery men are not. 3) Gingrich: Put Dodd and Frank in jail. I wonder if Gingrich should have gone to jail when he voted down Glass Stengall and Wall Street Deregulation. 4) Perry: DRILL….DRILL…..DRILL….DRILL…..please don’t ask me any hard questions cause I really don’t know much about anything. He wants to make the U.S. like Texas….in the bottom 5 in category after category. Oh….and government should not spend money in creating business unless it is the state government and then it is ok. Like the Texas Enterprise Fund. 5) Santorum: Bring back the Nuclear Family. Leave it to Beaver for the Model First Family. Mythology as history and ecoomics. 6) Bachmann: I had 23 Foster Kids (none of whom has endorse me, drat!). Oh, and I was a tax attorney working for the IRS that was in charge in raking in your tax dollars (oh, never mind). 7) Gingrich: Lots of words, lots more words….nothing much else. 8) Ron Paul: Consistent, honest, direct, and clear. I do not regard a lot of his thinking as good for most people but he is a straightforward libertarian and does not hide it. Liked the format and the audience tonight. » Posted By MurphTheSurf3 On October 11, 2011 @ 7:09 pm Does anyone think that Perry has any idea what is going on? Tort Reform WANTS BLOCK GRANTING....Like the money he transferred from TARP into his own bloated budget? » Posted By MurphTheSurf3 On October 11, 2011 @ 6:30 pm Gingrich…not saying much but using lots of words. » Posted By MurphTheSurf3 On October 11, 2011 @ 6:08 pm Romney: He created of Romeny Care MASS wants to repeal Romney Care USA…millions, millions, and millions without health care….that will cut costs a lot….and the surplus population. Romney- Private sector experience…..gutting companies, spilling jobs, not much in the way of production or creation. Dodges the rest of the question re. a global meltdown..…claims he does not want to bail out the wealthy but that is what any bailout does. Then claims 2008 bailout was necessary..kudos to Bush, but not Obama? Bizarre! Just said he back bailing out the financial sector….but NOT THE AUTO INDUSTRY....More bizarreness….he claims he is all about manufacturing and says something like this…. » Posted By MurphTheSurf3 On October 11, 2011 @ 6:08 pm Cain: 999 Transferring even more wealth to the wealthy and putting more burden on the middle and lower classes. 999 means 18 for those folks. Cain Claims 999 is well reseached and well constructive Rich Laurey????? Who???? Who is the company that crunched his numbers. Cause even Bloomberg cannot find a way to make them work. » Posted By MurphTheSurf3 On October 11, 2011 @ 6:06 pm Perry’s answer to all: more drilling, more oil, more – more – despite that projections show we cannot meet our own needs with fossil fuels without other energy production. Perry looks like the kid in the back of the room who is hoping the teacher will not call on him. He is not going to give us his economic plan….cause he does not know it. » Posted By MurphTheSurf3 On October 11, 2011 @ 6:04 pm CAUGHT ON VIDEO: MSM Police Meet Occupy Wall Street WHY HIRE YOUR OWN SECURITY WHEN YOU CAN BUY THE POLICE FORCE? JPMorgan Chase recently donated an unprecedented $4.6 million to the New York City Police Foundation. The gift was the largest in the history of the foundation and will enable the New York City Police Department to strengthen security in the Big Apple. The money will pay for 1,000 new patrol car laptops, as well as security monitoring software in the NYPD’s main data center. Nothing to see here move along. Pay no attention to that man behind the curtain. WANT TO KNOW HOW CONFRONTATIONS ARE BEING SETUP BY THE POLICE? » Posted By MurphTheSurf3 On October 6, 2011 @ 5:53 am From St. Louis Home at last. After last night’s pretty sad candlelight vigil/funeral at Keiner Plaza ended with a call to gather today at the Plaza….and 500 to 1000 did (depends on whose estimate you use). About 20 arrested when they wanted to get past a police blockade, couldn’t so they sat down and were removed in plastic cable ties. Kind of a weird crowd….young activists, a bunch of college folks from area universities, a big group of Teamsters, old folks like me, moms with strollers…..signs, chants, songs, speakers focus on First Amendment, culture of greed, concerns about the super-committee, fears re. loss of SS, medicare, medicaid Next rally on Saturday…. Off to the side…..hard work going on around the need to focus on key demands. » Posted By MurphTheSurf3 On November 17, 2011 @ 8:30 pm I took my cue from two others here. Is there a cue I am missing re. join date? » Posted By MurphTheSurf3 On November 17, 2011 @ 4:49 am Welcome aboard the planetary express. » Posted By MurphTheSurf3 On November 16, 2011 @ 9:35 pm Funeral service. Not well attended. Some bravura. Not a lot of energy. Media invisible. Police are nearby but not interfering. We have a little stand set up for “housing placements”. So far, no takers. Street people have their own places. Others have already been placed. Spoke with four of the central organizers and they seemed distraught. Two are thinking of going to Chicago to join Occupy Chicago. Occupy Chicago’s encampment in Grant Park was shut down peacefully three weeks ago. They decided not to pursue a permanent encampment downtown. Instead, they continued to maintain a 24-hour presence at the intersection of Jackson and LaSalle and worked to strengthen their outreach into the community. A three part program of Outreach, Education and Direct Action and is doing a lot. I did not know much about them until I had this conversation and then googled them. I am going to do a lot more on this. » Posted By MurphTheSurf3 On November 16, 2011 @ 8:48 pm Words from tonight’s rally. “Those who profess to favor freedom, yet deprecate agitation, are men who want crops without plowing up the ground. They want rain without thunder and lightening. They want the ocean without the awful roar of its many waters. This struggle may be a moral one; or it may be a physical one; or it may be both moral and physical; but it must be a struggle. Power concedes nothing without a demand. It never did and it never will.” Frederick Douglass » Posted By MurphTheSurf3 On November 16, 2011 @ 8:09 pm CONTINUING MY REPORTING RE. OCCUPY ST. LOUIS Occupy St. Louis activists are planning “a funeral service and candlelight vigiL” at Kiener Plaza this evening, to “mourn the death of the Bill of Rights” in the wake of Federal Judge Carol Jackson’s decision that allows city officials to keep tents out of the plaza, and impose its 10 p.m.-6 a.m. curfew. The vigil is at 9 p.m. Wednesday at Kiener, which Occupy activists have renamed “Liberty Square.” The event comes after Occupy activists and lawyers for the city of St. Louis battled in federal court Tuesday, dueling over whether the city’s 10 p.m. park curfew — and its ban against tents — unfairly curbs free-speech rights. A group of supporters have found housing for those needing it while efforts are made to create another encampment. » Posted By MurphTheSurf3 On November 16, 2011 @ 5:37 pm Good to see. Thanks. » Posted By MurphTheSurf3 On November 16, 2011 @ 12:47 pm Thanks to whoever embedded the video. It is great. » Posted By MurphTheSurf3 On November 16, 2011 @ 11:58 am To The Police In Seattle…..Note: It is not a good “Serve and Protect”Moment when you Pepper Spray Pregnant Women and Old Ladies. » Posted By MurphTheSurf3 On November 16, 2011 @ 11:31 am Hear Reich’s speech last night at the Savio Lecture at UCAL Berkeley. Stirring in the OWS crowd setting. http://www.dailycal.org/2011/11/16/reichs-lecture-draws-thousands-to-sproul-plaza/ » Posted By MurphTheSurf3 On November 16, 2011 @ 10:45 amComments Posted By MurphTheSurf3
As a 3rd Tier, out of nowhere, charismatic candidate he was interesting but now we learn his high powered economic adviser is a small town Wells Fargo personal finance adviser and that all he really knows about his own 9-9-9 Plan is that it WILL WORK (but not why).
When it came time for the candidates to ask each other a question near the middle of the debate, Romney ignored Cain and Perry and tossed her a very soft ball. “Michelle, dear, darling of the TP, how would you help Americans make ends meet?” Cue her stump speech. AND IF THE TP DON’T LIKE HIM ANY BETTER FOR THAT, HE MIGHT HELP KEEP HER IN THE GAME LONG ENOUGH TO SPLIT THE TP VOTE BETWEEN HERSELF AND PERRY IN A COUPLE OF KEY STATES.
a) Get companies to leave one state to come to another, Texas
b) To fund startups, with about 30 percent failing.
c) To subsidize job expansion in currently active companies, which have generally under-performed by 70 percent.
http://www.linkedin.com/pub/rich-lowrie/a/74b/805
Healthy Texas? Driven down cost by 30 Percent?
That is why Texas is in the bottom five in EVERY SINGLE HEALTH CARE CATEGORY!
I suspect they will get many more than 1000.
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