That focus includes this 1990’s era video depicting Cain, the former CEO of Godfather’s Pizza, asking a question about healthcare costs at a Bill Clinton townhall when Clinton was President. This exchange took place in 1994 during Clinton’s big push for the disaster government health plan that was “Hillarycare”.
Herman Cain certainly puts the hurt on Bill Clinton’s health plan in this video. Not only that, watch the entire video and you see the arrogance of Clinton and his viewpoint ( and most big government liberals)
Basically Herman Cain discusses how Clinton’s healthcare initiative for business was not doable and, without going into it, how it can not be sustained without job losses and some businesses leaving the market entirely.
(If the video doesn’t play, you can go to the video here.)
What is interesting is how Clinton professes to tell Cain that if all businesses have to endure the extra cost of Hillarycare, then they’ll essentially all be in the same boat. Cain quite clearly and respectfully states how that thinking is inaccurate and, for his business alone, would require 3 times the “top line sales” to meet the costs and maintain their meager profit.
The Atlantic article on Cain from March, 2011 actually goes further basically calling Cain the saboteur of Clinton’s ill-informed healthcare aims:
In 1994, Cain, then still CEO of Godfather’s Pizza, participated in a town-hall meeting that Bill Clinton held to drum up support for his flagging health-care plan. He challenged the president’s claim that restaurateurs would bear only a marginal new cost. Clinton objected, but Cain wouldn’t relent. “I’d had my financial people run the numbers,” he told me. The Wall Street Journal published them, and after Clinton’s plan collapsed, Newsweek identified Cain as one of its “saboteurs”—a badge of honor, especially among conservatives today.
This video is good for many reasons:
1) It shows the business understanding and knowledge of Herman Cain.
2) It shows the arrogance of Bill Clinton and, thus, his wife who tried and failed at a healthcare takeover.
3) It gives a good reminder why we don’t need either Clinton, Bill or Hillary, ever running this country again.
4) It gives a clear view of the liberal mindset on big government. i.e. Force the business to provide healthcare they can’t afford and just ask the business to raise their prices “like everyone” else in order to cover the mandated government cost. No thought to job loss, market dynamics, profit margin, nor the choices of the company….government should have the say. That’s how these people think.
Frankly, it occurred to me while watching the video…Clinton dares to tell a CEO that they can simply charge more for their services (in so many words) which inevitably leads to more money out of the pockets of consumers. It doesn’t matter if it’s a pizza company or a semiconductor business….the price of products have a great chance of increasing when government makes mandates on that company.
So, why have the government involved at all? Clinton believes that consumers can bear those extra costs for products and services. So why doesn’t he just ask the consumer to pay for their own healthcare? Of course, Clinton is not taking into account any market dynamics that will change when costs are raised….but if he really thinks the consumer has that much “extra cash” couldn’t they just buy their own healthcare, if they wish, in the free market and forget all of the regulations on the business?
We all know the answer. Hillarycare, just like Obamacare, was all about government controls, not about affordable healthcare. Funneling that “extra cash” through the business via government mandates is THE solution in the mind of a liberal. Better yet, funneling that extra cash to the government is ideal in the liberal’s world.
It never occurs to the liberal that the consumer pays either way….and what a cost it is!
Filed under: 2012 Presidential Election, Barack HUSSEIN Obama, Bill Clinton, Daily Headlines, Economy, Entitlements, Hillary Rotten Clinton, History, Inspiration, Liberalism, Politics, Progressives Ain't, Socialism, Socialized Healthcare, Taxes, The Clinton Legacy Tagged: | arrogance, big government, Bill Clinton, CEO, Godfather's Pizza, healthcare, Herman Cain, Hillary Clinton, HillaryCare, Obamacare, Townhall