In This Corner…Herman Cain

2012 Contender Series: Herman Cain

In this corner… is an ongoing series looking into the viability of potential candidates for the 2012 Presidential race.

(Updated December 7th, 2011: Amidst multiple sexual harassment and infidelity scandals Herman Cain withdrew from the Presidential race)

(Updated, May 21, 2011. Cain Officially enters the Presidential campaign. Is it the end of the world?)

Herman Cain emerged as the favourite potential presidential candidate at the first Republican debate held in South Carolina last Thursday according to an informal exit poll conducted by Frank Luntz. He is also gaining in popularity in several straw polls across the country. Cain is expected to officially announce his candidacy on May 21st. He is most noted as the former Chairman and CEO of Godfather’s Pizza but he has also been Chairman of the Federal Reserve Bank of Kansas City. Until this past February he was a radio talk show host on WSB in Atlanta. He also serves as a commentator for Fox News Business and is a syndicated columnist.

Businessman Herman Cain

Cain has a BA in mathematics from Morehouse and an MA in computer science from Purdue. He has successfully turned more than one restaurant chain to profitability and he thinks that will translate into a success for the US Government. Here are the five “Cainesian Economic” steps he would take to do that:

  • Lower the corporate tax rate to 25 percent from 35 percent.
  • Take the capital gains tax rate to zero.
  • Take the tax rate on the repatriation of foreign profits for US companies to zero.
  • Cut the entire 6.2 percent payrolls tax for workers and employers for 1 year.
  • Make the tax rates permanent or indefinite.

He is also a supporter of cutting government spending, a strong national defense, and, not surprisingly, for repealing the Obama Health Care Reform. He is anti-abortion and is for a return to the gold standard. He recently made some controversial remarks saying he would not consider Muslims in his cabinet citing that the might subscribe to Sharia Law.

His first foray into national politics was a significant one. In a town hall meeting in 1994 in Kansas City, Missouri he directly challenged the Clintons’ health care reform plan criticizing the employer mandate telling President Clinton his plan wouldn’t work in the competitive marketplace. Cain’s only other political aspiration was a second place in a three way race for Zell Miller’s Georgia Senate seat.

A Zogby Poll out today shows Cain in second place (14 pts) behind New Jersey Governor Chris Christie (17 pts) who has adamantly proclaimed he will not run for the office this time. Ron Paul follows (10 pts) and the rest of the field is split with single digits. It should be noted that the same poll shows that 31% of respondents expect Mitt Romney to actually get the nod.

While it’s not unheard of for businessmen to run for political office (Ross Perot), it is unusual for them to become the nominee, much less win. Cain himself acknowledges that he is a “dark-horse candidate” and many political pundits agree that he is a long shot for GOP nomination in a weak field of potential candidates. But that may just give him the edge.

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About Mr. Universe

Mr. Universe is a musician/songwriter and an ex-patriot of the south. He currently lives and teaches at a University in the Pacific Northwest. He is a long distance hiker who has hiked the Appalachian Trail and the Pacific Crest Trail. He is also an author and woodworker. An outspoken political voice, he takes a decidedly liberal stance in politics.
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4 Responses to In This Corner…Herman Cain

  1. mclever says:

    Anyone advocating for a return to the gold standard is either certifiably nuts or economically ignorant…

  2. Mr. Universe says:

    @mclever

    Or listens to too much Glenn Beck

  3. WA7th says:

    IMO, the reports of his incredible “surge” are somewhat exaggerated so far. Without establishment cash, he may already be near his maximum level of support.

    http://seattlest.com/2011/05/11/gop_asks_america_who_here_likes_piz.php

  4. Mr. Universe says:

    @WA7

    I never really take anything from the Republican master of spin Frank Luntz as absolute gospel, myself. The informal event after the debate felt a little staged. But I was pulling from several sources and I’d be interested to know just how much wag the dog is going on.

    Ever since Fox came into being the regular media tends to feel obligated to respond to them as though what they report is actually factual. So for all I know it could have been Luntz generates the myth, Fox reports the myth as fact, MSNBC, CNN, et al groan and say ‘well I guess we better act like this is legit’.

    Cain does appear to be one of those orators who believes what he says and gets it across to his audience though.

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