Herman Cain Explains It All For You

Cain, the one-time Neal Boortz protegé, has a "Business Plan" for America. No, wait, this just in ... He has three principles for America, economic guiding principles (EGPs) specifically, rather than a plan, or any policies or, you know, stuff. Dare we look?

EGP #1: Production must precede consumption

You can’t spend your way to prosperity. The Obama administration has shown this. Most families knew that it would not work because it does not work for a household. My dad had to produce enough cash for a down payment to buy his first home before he could get the keys to the new house. He had to work three jobs at times to produce enough cash, but he did it!

Production is the engine of any economic train, and consumption is the caboose. Before someone consumes, he must produce. The nearly $1 trillion in stimulus spending went into the caboose. It did not help fuel the real engine of the economy.

The engine of our economy is the business sector. It has received only disdain and lectures from the Obama administration, instead of fuel in the form of lower taxes, fewer barriers and more certainty about less government. (Specifics will follow in next week’s commentary.)

How Cain can present himself as a leader yet whine like a sissy about "disdain & lectures" (And "more certainty about less government." Agghh.) & get away therewith is another Republican mystery for the ages. He could demonstrate leadership by getting his cronies w/ the US$960+ billion in profits they're sitting on but not using (Shouldn't the banks be lending that, even if companies aren't willing to invest in their businesses?) but maybe their understanding of the actualities of supply & demand is why they're still in business while Cain has retired to his radio-show hobby, & now this leisure activity of bullshitting on the national stage. Or they might laugh their high-finance heads off at that pizza guy. Either way, we hope he enjoys his 15 mins.

In an economy where there are said to be five job-seeking Americans for every open position, how are any of us to get those three jobs that the elder Mr. Cain held down so he could buy his house? A house that probably wasn't overpriced by a mortgage-speculation bubble that was about to blow up in his face, either.

Did Mr. Cain run Godfather's Pizza on his bullshit "produce first" model? Was job one to be sure there was plenty of pizza drying out on the racks before the store opened? Really?

And again w/ analogizing government, business & family finances. Not the same things at all.

Nor is the engine/caboose bit, w/ the train that's eating its own tail, we think he meant. Apples & oranges, really. Because that caboose is looking more & more like a free-riding moocher. What does it produce, anyway?

Concluding note

Prosperity is the natural state of our free-market economy if we get government out of the way, off our backs and out of our pockets. Prosperity begins with production. It requires risk-taking and a stable measure of exchange.

Good economic policy is guided by good principles, not politics.

It’s common sense.

Empty fucking suit. Once "common sense" has been invoked it's over before it began.

This just in: Irony is not yet dead.

Apple, Google, Microsoft Sitting on 58 Billion in Overseas Profits, Blackmailing Us to Avoid Taxes

How does it feel to have the jobs gun pointed at your head? Because that’s what this is: a stickup.

In passing, what have those three entities done that's been of any use ever? Whatever they get their hands on they make worse, even as they copy down everything about us. Tax 'em to death, w/ the churches.