Hermain Cain Educates Clinton on Economics in 1994 HC Town Hall Forum

http://www.norcalblogs.com/gate/
In April 1994, Bill Clinton was stumping for his health-care bill, when Herman Cain debated the president's claim that restaurateurs would bear only a marginal new cost. Herman said that the bill would force Godfather's to fire part of its workforce. Clinton disagreed and said that Cain would only have to raise pizza prices by 2 percent. Insisting that Clinton was incorrect, Cain wouldn't give in. He told Clinton, "I'd had my financial people run the numbers". Clinton then asked Herman to send the numbers to him and he would have his advisers go over them.

The next day Herman Cain did send the numbers to the White House and he also submitted an oped piece to the Wall Street Journal. The 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. Later Hilary Clinton would say the Clinton administration could not be held responsible for every under-capitalized small business in America.

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[PrawDuhJee]

Who's Hermain?

[jjlinert]

Um, did Herman Cain also educate Clinton about extra marital affairs? Just wondering.

[MegaTorinoman]

What Herman fails to say in this interview is that at the time of the interview he was also chairman of the federal reserve in Kansas City! He was sent to the meeting as a hit man to kill the healthcare bill because he employed part time help> 3/4 of his employees could not even be part of the law! If you guys look at all of the decision makers on these things you will see they are all connected to the fed or Goldman Sachs ! presidents don't rule, Big money rules! lol

[LemmingAttack]

God, number and policy mattered...what happened to you, America?

[LemmingAttack]

Hermione?

[Nathan Christopher]

He does have a "BS" though

[whyamimrpink78]

When a company provides benefits it is a way to attract more employees from competitors. They pay for your benefits so you don't have to worry about it. During break I work as a temp at a warehouse and a main reason why is because of the benefits. I work there for a few weeks, see the dentist, get a check up and don't have to pay for it.

[whyamimrpink78]

He has a BS in math and he is a very successful CEO so I say he can easily do math.

[Erik Ouwehand]

herman cain great guy

[danekeeper1]

herman cain can't do math and he's a ceo geeez.....

[Jadefox32]

We already have medicare (500 billion of which was taken from and placed under the AFHCA to fund it) and medicaid, medicare was intended for retiree's, medicaid was designed for the very poor or disabled. They were not however meant to be permanent solutions to covering healthcare costs. What's happened in America today has been the erosion of freemarket capitalism while the government attempts to centralize everything. In most other countries this drives UP the cost of everything

[Jadefox32]

Right now the freemarket principal doesn't work for a few reason's insurance companies via the 10th amendment are not able to compete across state lines. You can self insure but because of the previous reason it would cost you about 700 dollars PER MONTH to do so on your own. It is afforable for businesses to do this because of their profit margins they are able to absorb 80%-90% of the net cost of coverage.