Monday, October 17, 2011

Nine-Nine-Nine-strodumbass

Herman Cain's amazing prescience:
The columns ranged from heavy economic pontification to colorful treatises on topics like why Tiger Woods should run for President in 2016. But a common thread running through much of his writing was a startlingly poor power of foresight – and not just about Woods, whose “character, discipline and leadership” Cain lauded in 2006.

In at least one column, Cain seemed to condemn a proposal that is now a pillar of his highly touted 9-9-9 tax plan. On November 12, 2010, Cain wrote a column about rumors that Democrats would propose a consumption tax called a VAT. “The worst idea is a proposed national sales tax,” Cain wrote. A 9% national sales tax is now one of Cain’s three nines. Read more: http://swampland.time.com/2011/10/16/in-herman-cains-writings-a-startling-lack-of-foresight/#ixzz1b2Y3fEJk The recession officially began in December 2007, according to the National Bureau of Economic Research.

But in a Jan. 21, 2008, column entitled, “Recession? Spare us the National Economic Pity Party,” Cain compared fear of a downturn to a Hollywood script, and stated there was only an “economic correction, not an economic recession.” The damage would be minimal, Cain predicted, and would help downsize “overbuilt” portions of the economy while only “some consumers who have spent too much” would feel the pain.

He took a similar tack in a March 3, 2008, piece. “The media’s factually unsubstantiated claims of an impending recession have been going on for over a year now,” he wrote. “Many news journalists hurt people’s outlook about the economy with inappropriate comparisons and sensationalism.”

1 comment:

pansypoo said...

if i hear black walnut 1 more time....