Displaying 2,821 To 2,850 Of 16,275 Comments Herman Cain’s “999” Attacks the 99% Just saw a clip of Cain saying the beauty of his plan it’s simplicity, which reminds me of this quote: For every complex problem there is an answer that is clear, simple, and wrong. http://www.brainyquote.com/quotes/quotes/h/hlmencke129796.html » Posted By bito On October 13, 2011 @ 3:18 pm I wonder if the rural states are “catching on”, AdLib? The PPP poll from Iowa yesterday had PBO leading every of the R candidates by healthy margins. » Posted By bito On October 13, 2011 @ 2:02 pm AdLib, Yes, unemployment insurance mostly a state responsibility, but as I understand it there is that 0.8% contribution that goes to the Feds and will the states have to pick that up to cover any shortfalls, like during a recession? His plan has as many “lost pieces” to it as 9 year old jigsaw puzzle. He was asked a question about it yesterday and he replied “I don’t know, the plan is still in flux. » Posted By bito On October 13, 2011 @ 1:24 pm Good one Kalima and the companion piece is also interesting on the advisors of the candidates. The Campaign Whisperers I lost count on how many cited Steve Forbes, the billionaire who worships a flat tax and this one from Rich Lowrie (the Cain advisor)had me laffing: “I respect Art Laffer who was one of Reagan’s economic advisors and he says he likes the 9-9-9 plan very much!” Yeah the guy who says tax cuts pay for themselves, like W’s cuts didn’t add to the deficit. » Posted By bito On October 13, 2011 @ 1:08 pm Two views. One from the NYT and one from the WSJ, neither one that gets to the meat of the plan IMO. NewsHour NewsHour » Posted By bito On October 13, 2011 @ 12:46 pm One more part of payroll taxes is a 0.8% dedution for federal unemployment insurance so you can kiss that baby goodbye and hope you never get laid off! Oh, that’s right the states, churches and charities will take care of you, right, Mr. Cain? Mr. Cain’s “economist” had this the other day: (paraphrase)”oh with corporate taxes being only 9%, they will lower their prices on goods, anther savings.” Riiiight! Sure they will. I have not read Mr. Cain’s proposal, but before even reading your post, AdLib, or hearing what L.O’ said last night, I could see this as nothing but campaign rhetoric and a scam, and thanks for fleshing it out. This is a nightmare for the 99% and a wet-dream for the 1%. A blueprint dreamed up by the libertarians and corporations. As I said in TO/OT the other day: This is BS! Here are the tax rates, limits, and other payroll and financial information for 2011*: SOCIAL SECURITY AND MEDICARE: FICA is a combination of Social Security and Medicare taxes. Employee rate for Social Security will change to 4.2% on wages to $106,800. Employer rate for Social Security will stay the same at 6.2% on wages to $106,800 Maximum Social Security withholding is $4,485.60 for 2011. Both employee and employer rate for Medicare is 1.45% on all wages. There is no maximum Medicare withholding. FEDERAL UNEMPLOYMENT TAX: Wage limit remains at $7,000 and the NET tax rate remains at 0.8%. http://www.fels.net/1/labor-safety/labor-issues/tax-rates-2011.html » Posted By bito On October 13, 2011 @ 9:14 am The GOP Debate Part ?? Live Blog Adlib, no problem, this post has been in “storage” since we crossed on another ‘debate.’ My biggest disappointment is that the Donald’s debate is not going to be held. I guess even that some even can’t see that the circus can only have so many clowns in one show. » Posted By bito On December 10, 2011 @ 6:15 pm Two things: This is a left over from the last debate, does it make a difference? And the other, Don’t do like Adlib last time and pick “deregulation” or “cut regulations” for your drinking game. You will be smashed. » Posted By bito On October 18, 2011 @ 5:12 pm LIVE BLOG: GOP Debate Tonight on Bloomberg TV The Bloomberg GOP debate in 100 seconds Can you say “repeal?” http://www.rawstory.com/rs/2011/10/12/the-bloomberg-gop-debate-in-100-seconds/ » Posted By bito On October 12, 2011 @ 11:58 am C’Lady, actually I was watching a rerun of “The Men who Stare at Goats.” Wait, maybe I was watching the debate. 😉 » Posted By bito On October 11, 2011 @ 10:45 pm Ha! The future to me is waking in the morn. 😉 » Posted By bito On October 11, 2011 @ 10:36 pm Murph, and from what I understand from the PerryWatch, Perry took a huge chunk of the FEDERAL stimulus earmarked for unemployment insurance to fund it and “privatize” it to his ‘bidness cronys,’ » Posted By bito On October 11, 2011 @ 10:33 pm I bow in humbleness, C’Lady. » Posted By bito On October 11, 2011 @ 10:15 pm Murph, While I disagree about some “heavyweight” coming into the GOP primaries as their final salvation ,for many reasons including money, campaign organization in multiple states and a rare conflicted nominating convention, I do strongly agree with you about the control of Congress. The general for the executive will be hard, but the R’s may see it as a throw-away, PBO will win, they want Congress, especially the Senate! “The house proposes the Senate disposes” and if Mitch only allows Republican House bills to be heard, look out. » Posted By bito On October 11, 2011 @ 10:09 pm Too kind, Food! I learn from you and others, it is the true value of the site. There has not been a day I haven’t learned many things and thought about it on this site. » Posted By bito On October 11, 2011 @ 9:42 pm C’Lady, are you sure that it’s not Grover that’s an Al Qae’da operative! 🙂 » Posted By bito On October 11, 2011 @ 9:26 pm Ah, the mind of a defense attorney, Adlib, exploit doubt. 🙂 Cain can pull off the “I was born a po’ black black boy” honestly, he was, Mitt was born a “po’ rich child,” a son of a president of an auto company, he can’t–exploitable. I am hung up on the the actual “job creation” numbers from both Romney and Cain when they were in the private sector and able to “create jobs.” I feel both of them are very vulnerable on that point. Hmmm, I’m concerned and thinking about what will be a very tough general election. » Posted By bito On October 11, 2011 @ 9:21 pm My thoughts ride on a few things. Who does Rove and the money people want and will they dump money into anyone one in the primary they are against? I don’t think they will accept Cain as their nominee and Romney is their best bet for their “Yes Man” and Perry as their second best. Does anyone really like Romney? Who can? The baggers/primary voters dislike him immensely, but the money people do and find him malleable because he is. Who is “CrossRoads” backing, there lies the answer and with “Citizens United” we may never know. I will end it it with this chuckle: drgrist David Roberts » Posted By bito On October 11, 2011 @ 8:51 pm I wish I would have read this before the debate, it does put a new light on Mitt’s answers. Does Mitt Romney Have Something To Hide? Part of Romney’s problem in opposing the Buffett rule is that it likely applies to him. An analysis of publicly available data by Citizens for Tax Justice found that Romney’s tax rate is likely 14 percent, far below the statutory rate for someone who earns as much as he does….. The financial disclosure forms Romney filed during his 2008 presidential run showed the former Massachusetts governor was worth as much $250 million at the time. But Romney has never released any tax returns — neither during his campaigns for president and Senate nor during his time as governor — and would not commit to doing so this time around. http://thinkprogress.org/progress-report/ » Posted By bito On October 11, 2011 @ 7:56 pm Did I miss it, but did this attack ad by the Perry campaign come up in the debate? I’m sure Perry couldn’t articulate it, but….
» Posted By bito On October 11, 2011 @ 7:43 pm I can’t write, but I do love research. 😉 » Posted By bito On October 11, 2011 @ 7:30 pm Gotcha Sue! Well dynamic analysis is when you analyze in a dynamic way. 😆 😆 » Posted By bito On October 11, 2011 @ 7:21 pm Adlib, from what I have read, Cain turned around both Burger King and GodFathers (in the Philli area) by closing a third of their stores. Job creation? A Romney/Cain ticket would have unemployment at 50% and corporate profits up 200%. » Posted By bito On October 11, 2011 @ 7:16 pm He’s out of the race, WW. He makes too much sense for the GOP primary voters. » Posted By bito On October 11, 2011 @ 7:10 pm Your Flag Decal Won’t Get You Into Heaven Anymore » Posted By bito On October 11, 2011 @ 7:06 pm Define “dynamic analysis” and how is that any better than actually showing your whole plan Mr.Cain? » Posted By bito On October 11, 2011 @ 7:02 pm Cain was the winner because no one watching will bother to crunch his numbers. » Posted By bito On October 11, 2011 @ 6:57 pm A “Bingo!” for you WW! We spend more than the next 10 countries combined now. He said he was going to stop the PBO cuts on Dod. HUH? They have been increasing under PBO. » Posted By bito On October 11, 2011 @ 6:54 pm Pick one! 🙂 » Posted By bito On October 11, 2011 @ 6:47 pm Major “Pants on fire” with that one Perry! » Posted By bito On October 11, 2011 @ 6:43 pmComments Posted By bito
H. L. Mencken
His plan is as old as Steve Forbes grandfathers plan, an original Robber Barron.
What is the 9-9-9 tax plan? @NYTimes ow.ly/6WCWN + @wsj ow.ly/6WCXW have more info #HermanCain
Get disabled at work and expect SSI? Kiss that one off too.
His plan depends heavily on employers converting all payroll taxes into employee pay, ha in your dreams and how much will states, cities, counties have to raise their taxes to make up for the shortfall. What happens to the Federal portion paid to states for the CHIP program? Tuff Luck kids!
So many people dropping jewels for me and others to pick.
Can Romney sneak by with pluralities in enough primaries ( remember in the GOP, it’s winner take all.)
Many thoughts, many questions.
Why else did Paul Revere carry a flashlight through the Alamo if not to fight off the tyranny of air pollution rules? #perryhistory
Seriously, they both made money for their corporations/hedge funds by laying off people, does that bode well for the 99%ers? That is their mindset, should we think it will change if they were president?
I think I was the straight man for that one and you jumped on it!
Jobs-R-Us—Not
Perry was weak, weak, weak and Mitt was Mitt.
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