As expected, the GOP presidential contenders criticized and blistered President Barack Obama’s speech, to which he was nearly twenty minutes late, in which he proposed increased taxes as part of his overall economic plan.
Businessman Herman Cain‘s response and statement stood out as the most effective and powerful among all the candidates because it did what few statements and responses do — actually respond Obama’s words.
In his speech, Obama said that his proposals did not represent “class warfare” and were more reflective of solid math.
Cain seized upon those words and cited his degree in mathemathics and how he applied that degree throughout his career at the Department of the Navy and in the private sector.
By doing so, Cain was more effectively able to criticize Obama’s grasp of math and his eagerness to “punish the private sector” while undermining Obama’s argument that his proposals did not amount to class warfare.
Further, Cain postulated that Obama’s “ignorance of basic economics is due to fact that both he and more than 90 percent of his Administration have no private sector experience at all,” which not only served to attack Obama’s lack of business sense, but also highlighted Cain’s extensive success in the private sector.
When candidates respond to Obama’s speeches and plans, their words are often generic and make the candidates look as if they are giving a pre-game critique instead of an actual rebuttal.
Cain prides himself on not being a politician, and his response was the least politician-like because it actually directly and specifically responded to Obama’s speech instead of sounding like something that could have been generically written.
Cain’s response, in addition to those by the other candidates, can be read below.
Today, the Obama Administration’s assault on the private sector continued. In yet another speech, he called for America’s job creators to shoulder an even heavier burden than they must already. President Obama promised that his efforts were not “class warfare,” but instead “math.”
Perhaps he could learn a lesson or two on math from me. I have a degree in mathematics and spent the earlier days of my career as a supervisory mathematician for the Department of the Navy. Then, I worked for 40 years as an executive in the private sector where I balanced budgets, saved failing companies and created jobs. Both obviously demanded a command of advanced mathematics.
Here’s what I can tell him about math: raising taxes on anyone, no matter their income level, will do nothing to stimulate our economy, create jobs or balance our federal budget. Increasing taxes on the private sector will destroy jobs, further damaging our economy and sending even less revenue to the federal government.
His eagerness to punish the private sector indicates he doesn’t understand the most important truth of basic economics: the private sector creates jobs. These are the jobs that pay for the food for our families, the roofs over our heads, the heat for our homes, the clothes on our backs, the schools for our kids and the plans for our retirement.
Perhaps his ignorance of basic economics is due to the fact that both he and more than 90 percent of his Administration have no private sector experience at all. Thus, they are all too willing to continually punish America’s job creators, all in the name of “fairness.”
President Obama’s once said, “You can put lipstick on a pig, but it’s still a pig.” I agree. It doesn’t matter that he calls it “paying your fair share.” It’s still class warfare.
President Obama’s plan to raise taxes will have a crushing impact on economic growth. Higher taxes mean fewer jobs – it’s that simple. This is yet another indication that President Obama has no clue how to bring our economy back. I encourage President Obama to look at my detailed economic plan to create long-term growth and prosperity for our nation. The only way to get our economy moving again is to elect a president who understands how to create jobs and rein in spending – that is why I am running.
President Obama’s plan is a bait and switch that offers more than a trillion dollars in higher taxes for a promise of temporary tax relief. The president penalizes investment when it is needed most, discourages charitable giving and doubles down on a failed government stimulus strategy.
Worst of all, the Obama plan fails to provide the certainty employers need to create jobs and the spending and deficit reduction our economy needs.
President Obama continues to demonstrate that he has no new ideas on how to create American jobs. For two and a half years he’s been peddling a version of the Buffett Tax Hike as a key pillar of his failed attempt to tax and spend and regulate this country to prosperity. That simply hasn’t worked and it won’t work now. President Obama’s veto threats and partisan demands are a poor attempt to camouflage a $1.5 trillion tax hike that is deeply misguided and the latest example of his ineffective leadership on the economy.
The most important thing Congress and the super-committee can do is deal with the structural problems that are causing our debt and impeding job creation. Meaningful entitlement reform and revenue-neutral tax reform should be priority #1; tax increases should not make the list.
I recently presented a jobs plan to the American people that dramatically reforms our country’s tax and regulatory system –that’s what we need as a country to create jobs and it’s exactly why the Wall Street Journal endorsed my plan. I urge Congress to resoundingly reject the President’s $1.5 trillion tax increase and work together on the structural reforms to entitlements and taxes that we so desperately need.
Once again, President Obama fails the test of leadership. In the midst of the worst economy since the Great Depression, job creation must be job one for our political leaders. Instead, the president has chosen a path of political gamesmanship and class warfare with a plan that would kill jobs with higher taxes on small businesses and private capital. America only works when Americans are working, and President Obama’s latest proposal just doesn’t work
President Obama’s job creation and deficit reduction plan will do nothing to combat joblessness or reduce the crushing debt that the federal government has accumulated and is still accumulating.
That’s because when the President starts targeting the so-called rich, he’s really targeting small business owners, so ultimately he’s threatening the little guy. The President’s plan, then, will result in a fatal broadside to the national economy from Main Street on down.
The President’s class-baiting rhetoric categorizes Americans into opposing groups and pits them against one another, purely for his own political gain. This gets us nowhere as a nation, and nowhere closer to solving our economic problems.
A $1.5 trillion tax hike will do nothing to help us out of this mess we’re in, and will more than likely create more problems, lead to less investment, and cause more job loss at a time when Americans of all kinds are hurting.
President Obama and his administration refuse to confront the realities of our situation and the actions that are necessary. We must reduce spending, instead they pretend that the budget can be balanced and prosperity restored by increasing spending and taxes.
Instead of raising taxes, this administration should cut corporate welfare, foreign welfare and end the trillion dollars overseas wars by bringing troops home.
These would be sound policy actions, the kind that create prosperity and engender greater freedom. These are the kind of policies that a President Ron Paul will advocate for and institute to restore limited government principles and a strong America.
Mr. President – you don’t create jobs by increasing taxes on job creators. The President’s plan to raise taxes on the American people is the wrong policy to create economic growth and jobs and shows he doesn’t understand how to turn our economy around. Two businesses I will visit in Iowa today are examples of why the President’s policies continue to dig us deeper into the hole toward another recession. Both fear the coming regulations, taxes and costs of Obamacare. And both face uncertainty in the tax code. The President’s gimmicks and tax increases on the backs of small business and the middle class won’t grow our economy. Only permanent fixes will. The President should allow for repatriation of American money overseas, truly reform the entire tax code so it is fairer and flatter on all Americans, and get rid of job killing regulations, including on the energy sector, which will create millions of jobs.
If Warren Buffett believes he doesn’t pay enough taxes, then he should write a check today to the Treasury, but he and the President shouldn’t enact warfare on the millions of small businesses, on charities and on middle class America with increased tax burdens. The President is compromising the future of our children with his plan to continue spending and increase taxes, and he is ruining the American economy.