Classic: Herman Cain circa 1994 puts the hurt on Bill Clinton’s arrogance and health plan


Herman Cain - GOP 2012 Presidential hopeful (Pic: Harold Daniels, The Atlantic)

On the heels of Herman Cain’s good performance in Thursday’s debate and his landslide victory in the Florida straw poll on Saturday, much attention is being focused on him.

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!

Queer Eye for the Oval Office Guy


Oh my, the Villainous one has outdone herself on this one — Queer Eye for the Oval Office Guy

A funny review of the Oval Office makeovers of the recent Presidents.  View them all here….

Let’s highlight the three most recent inhabitants.

Obama’s new makeover:

The current denizen of 1600 Pennsylvania Ave recently brought Change to the Oval Office in the form of monochromatic beige-and-cream. Apparently Mr. Excitement is not a big risk taker. But if you find yourself bored by all the creamy wonderfulness, you can always occupy your time by reading the Presidential rug:

…..This is fare for troubled times, and the White House is, uh, very transparent about it all. The carpet-bound philosophies are:

• “The only thing we have to fear is fear itself.” (Franklin D. Roosevelt)

• “The arc of the moral universe is long, but it bends toward justice.” (Martin Luther King Jr.)

• “Government of the people, by the people, for the people.” (Abraham Lincoln)

• “No problem of human destiny is beyond human beings.” (John F. Kennedy)

“The welfare of each of us is dependent fundamentally upon the welfare of all of us.” (Theodore Roosevelt)

Love that last one…

Well I was just wondering where the prayer rug is hidden and where does that framed copy of his birth certificate reside when he isn’t wearing it on his forehead?

George W. Bush:

The Shrub’s decor is likewise restrained – no irrational exuberance here. It’s hard to see in the photo but the drapes pick up the pale gold stripes on the Martha Washington chairs and both coordinate with the blue and gold border on the rug, pulling the room together nicely. Her only criticism is the cream pillows on the cream sofa. Booooooooor-ing! She would have found a snazzy blue-and-gold braid or silk cord to sew around them and thrown one or two small accent pillows on the sofa.

Well, I actually kind of like W’s office myself…but then I always was partial to Federal Blue, Remington’s work, Churchill’s bust (the bronze kind), and pro-American Presidents.   Classy is as classy does.

And who can forget Mr. William Jefferson Clinton?:

Looking at the Clinton Oval Office, it’s easy to see why the Chimperor-in-chief opted for the relatively sedate azure and gold scheme. The eye popping colors are enough to make a guy choke on his pretzel and that dark blue rug is just… wrong. The candy striped sofas, while undeniably perky (not to mention reminiscent of interns), are a tad much when combined with a bright blue rug and bright gold curtains. Hard on the eyes………Sometimes, less is more.

My first thought was:  “As any mother knows….the stripes on the couches are great….they hide stains.”

The Clinton-inspired, Blue Dress Democratic style is so not vogue now, but darn practical for all of those evenings with the interns, I tell ya.

Pic of the Day: Tea Party Barbie


This is great…and what a great role model for little girls she would be.

(Source: Kathryn Jean Lopez at National Review)

I’m kind of like Pundit & Pundette, though….with Tea Party protesters that look like Barbie, you would think Bill Clinton might just enjoy himself at a Tea Party! 

Of course, with beauties like Sarah Palin and Michele Bachmann, you’d think Bill Clinton would be a Republican, too.   But then again, he probably doesn’t go for the ladies with brains. 🙂

Quote of the day – Jim Inhofe


On Obama’s politically juvenile and divisive SOTU speech last night, Senator Jim Inhofe (R-OK) had this to say:

“I was thinking back to the first State of the Union Address with President Clinton and I thought this guy can say things that are untrue with greater conviction than anyone I’ve ever seen. I honestly think that Obama is better.”

I’ve said frequently over the last few months…it is pretty bad when your current President is so bad that one longs for the “good ‘ol days” of the Bill Clinton administration.

More from Inhofe, who was on Joe Kelley’s KRMG radio show in Tulsa:

“When he says things that he knows are not right, we know these are his weakest points and he tries to make them into his strongest points, things like we will do our work openly,” Senator Inhofe explained, “everybody knows, Joe, that all these deals on his government-run health care were done literally behind closed doors.”

Senator Inhofe also criticized the president for devoting only seven of 70 minutes on national security and for trying to appear as if he’s committed to tax cuts when he was the one who tried to pass huge tax increases related to health care reform and cap and trade legislation.

Sarah Palin inviting Obamas and Bidens to Alaska?


Can it be?

Considering the fact that Obama and his operatives are behind the campaign of harassment, ethics charges and attacks on her and her children, Sarah Palin is nothing short of divine. The election is over.

It is time to repair friendships with the other party.

Gov. Sarah Palin is doing her part.

The rest of the world cannot understand how, after bitter election campaigns, American politicians can kiss and make up.

For instance, Gov. Palin has invited, to her great state of Alaska , the men who defeated her, Barack Obama and Joe Biden, along with their wives. She has set up a moose hunting trip for their enjoyment and hired three prominent experts in their field to assist them.

Dick Cheney will carry the gun, Ted Kennedy will drive them back to their cabins each evening, and Bill Clinton will entertain their wives.

Sarah is such a good sport! She thinks of everything!

These guys are evil. I hope Palin is not holding her breath waiting on the tarmac.

🙂

(H/T: Atlas Shrugs)

A tale of two thugs: a story of propaganda and legitimacy courtesy of Obama


Today is the day for big propaganda wins by a dictator and a thug in North Korea and Iran, respectively.

As for North Korea…well, I can honestly say it is great that two American journalists (associated with Al Gore) have been released from custody in North Korea.

However, as others have questioned, I just wonder what we gave to North Korea in exchange for the women….It is highly likely that this propaganda photo was just a parting gift.  (H/T: Ace of Spades)

Bill Clinton legitimizing the tyrant Kim Jong Il in North Korea 8-4-09

Bill Clinton legitimizing the tyrant Kim Jong Il in North Korea 8-4-09

From Ace of Spades:

……this bit of pandering fits right in with the kowtowing to dictators policy the Obama team seems to favor. Who will be taking the trip to Teheran for some Mullah ass-kissing to save those idiot hikers who got scarfed up?

So that brings us to Iran and the fact that it certainly does make one wonder who Obama will send to Iran to “save” the three American hikers in custody there….and what type of propaganda photo op will take place with Ahmadinejad and the Mullahs!  

Of course, we won’t need the Ahmadinejad photo op with Hillary, Bill, or Obama by then…….

Despite Iran murdering its own in the streets and despite the fact that three Americans are held there….and despite the fact that the election WAS a fraud—–the Obama administration legitimized Ahmadinejad today as the “elected leader” in Iran.

From Gateway Pundit:

The Obama Administration today announced that they will recognize Ahmadinejad as the “elected president” of Iran.
Hundreds of Iranians have been killed by the regime since the stolen presidential election.

The AP reported:

White House spokesman Robert Gibbs says Iranian President Mahmoud Ahmadinejad is “the elected leader” of the Islamic republic.

Gibbs was asked Tuesday if the White House recognized Ahmadinejad as the country’s legitimate president.

“He’s the elected leader,” Gibbs responded.

Iranian opposition to Ahmadinejad’s re-election claimed he stole the vote, and there have been massive street demonstrations that have shaken the religious leadership of the country. Ahmadinejad reports to the religious establishment. Dozens of demonstrators were killed or wounded in the uprising.

What has happened to America?

52% of America has been duped by a thug-loving Leftist, that’s what!

Plant a seed…find an ACORN


Stanley Kurtz at National Review has perhaps the best 3 page summary of how ACORN was the catalyst way back in the late 1970’s that got the Fannie Mae/Freddie Mac financial disaster rolling.

This certainly sheds light on the history of Freddie Mac/Fannie Mae and ACORN at the advent of the lending crisis. You can read his piece here.  I’ll put some excerpts below.

First, the last sentence of his piece, pretty much sums up Obama’s roll in the ACORN mess:

And Barack Obama cut his teeth as an organizer and politician backing up ACORN’s economic madness every step of the way.

Militant ACORN:

At the time, however, that 1995 Chicago newspaper article represented something of a triumph for Barack Obama. That same year, as a director at Chicago’s Woods Fund, Obama was successfully pushing for a major expansion of assistance to ACORN, and sending still more money ACORN’s way from his post as board chair of the Chicago Annenberg Challenge. Through both funding and personal-leadership training, Obama supported ACORN. And ACORN, far more than we’ve recognized up to now, had a major role in precipitating the subprime crisis…………………..

……..Far more than we’ve recognized, ACORN’s local, CRA-enabled pressure tactics served to entangle the financial system as a whole in the subprime mess. ACORN was no side-show. On the contrary, using CRA and ties to sympathetic congressional Democrats, ACORN succeeded in drawing Fannie Mae and Freddie Mac into the very policies that led to the current disaster.

ACORN’s Inside Strategy:

ACORN’s efforts to undermine credit standards in the late 1980s taught it a valuable lesson. However much pressure ACORN put on banks to lower credit standards, tough requirements in the “secondary market” run by Fannie Mae and Freddie Mac served as a barrier to change. Fannie Mae and Freddie Mac buy up mortgages en masse, bundle them, and sell them to investors on the world market. Back then, Fannie and Freddie refused to buy loans that failed to meet high credit standards……

……So the eighties taught ACORN that a high-pressure, Alinskyite outside strategy wouldn’t be enough. Their Washington lobbyists would have to bring inside pressure on the government to undercut credit standards at Fannie Mae and Freddie Mac. Only then would local banks consider making loans available to customers with bad credit histories, low wages, virtually nothing in the bank, and even bankruptcies on record.

ACORN and the Democrats:

By July of 1991, ACORN’s legislative campaign began to bear fruit. As the Chicago Tribune put it, “Housing activists have been pushing hard to improve housing for the poor by extracting greater financial support from the country’s two highly profitable secondary mortgage-market companies. Thanks to the help of sympathetic lawmakers, it appeared…that they may succeed.” The Tribune went on to explain that House Democrat Henry Gonzales had announced that Fannie and Freddie had agreed to commit $3.5 billion to low-income housing in 1992 and 1993, in addition to a just-announced $10 billion “affordable housing loan program” by Fannie Mae. The article emphasizes ACORN pressure and notes that Fannie and Freddie had been fighting against the plan as recently as a week before agreement was reached. Fannie and Freddie gave in only to stave off even more restrictive legislation floated by congressional Democrats……

……Many news reports over the ensuing months point to ACORN as the key source of pressure on congress for a further reduction of credit standards at Fannie Mae and Freddie Mac. As a result of this pressure, ACORN was eventually permitted to redraft many of Fannie Mae and Freddie Mac’s loan guideline.

Bill Clinton and ACORN:

With the advent of the Clinton administration, however, ACORN’s fortunes took a positive turn. Clinton Housing Secretary Henry Cisnersos pledged to meet monthly with ACORN representatives. For ACORN, those meetings bore fruit…….

……So by the 1993, a grand alliance of ACORN, national Democrats, and local bankers looking for someone to lessen the risks imposed on them by CRA and ACORN were uniting to pressure Fannie and Freddie to loosen credit standards still further.

At this point, both ACORN and the Clinton administration were working together to impose large numerical targets or “set asides” (really a sort of poor and minority loan quota system) on Fannie and Freddie. ACORN called for at least half of Fannie and Freddie loans to go to low-income customers. At first the Clinton administration offered a set-aside of 30 percent. But eventually ACORN got what it wanted. In early 1994, the Clinton administration floated plans for committing $1 trillion in loans to low- and moderate-income home-buyers, which would amount to about half of Fannie Mae’s business by the end of the decade. Wall Street Analysts attributed Fannie Mae’s willingness to go along with the change to the need to protect itself against still more severe “congressional attack.”

This sweeping debasement of credit standards was touted by Fannie Mae’s chairman, chief executive officer, and now prominent Obama adviser James A. Johnson. This is also the period when Fannie Mae ramped up its pilot programs and local partnerships with ACORN, all of which became precedents and models for the pattern of risky subprime mortgages at the root of today’s crisis. During these years, Obama’s Chicago ACORN ally, Madeline Talbott, was at the forefront of participation in those pilot programs, and her activities were consistently supported by Obama through both foundation funding and personal leadership training for her top organizers.

DISASTER:

In the end of course, Clinton’s plan cost taxpayers an almost unimaginable amount of money. And it was just around the time of his 1995 announcement that the Chicago papers started encouraging bad-credit customers with “dog-food” wages, little money in the bank, and even histories of bankruptcy to apply for home loans with the help of ACORN. At both the local and national levels, then, ACORN served as the critical catalyst, levering pressure created by the Community Reinvestment Act and pull with Democratic politicians to force Fannie Mae and Freddie Mac into a pattern of high-risk loans.

Up to now, conventional wisdom on the financial meltdown has relegated ACORN and the CRA to bit parts. The real problem, we’ve been told, lay with Fannie Mae and Freddie Mac. In fact, however, ACORN is at the base of the whole mess. ACORN used CRA and Democratic sympathizers to entangle Fannie and Freddie and the entire financial system in a disastrous disregard of the most basic financial standards. And Barack Obama cut his teeth as an organizer and politician backing up ACORN’s economic madness every step of the way.