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First Republican Debate Makes President Obama A Winner in 2012

Herman Cain
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Herman Cain

The September 7th Republican Presidential Debate makes it absolutely clear that President Obama will get re-elected in 2012.  If Texas Governor Rick Perry, who denies science is the Republican candidate, he doesn’t have a snowball’s chance in hell of winning.  He used an executive order to force vaccinations on 12 year old girls for HPV?  Wow, isn’t that big government and the use of science?  What about parental rights?  I do agree with Perry’s statement that Social Security is a Ponzi Scheme simply because if you suddenly stop contributing, the whole system falls apart.  The problem with Perry is that he is too far right.



If Governor Mitt Romney is the Republican candidate, maybe the Republicans have a 30% chance of winning.  Mitt Romney is much more center with his belief in universal health-care and a desire to fix social security.  As the ex head of Bain Capital, and not a career politician, he has the experience of making an organization profitable.  Mitt clearly held his own and showed he’s a leader who believes in fixing things, instead of simply abolishing everything.  I don’t understand what people have against modern day Mormons.

Michele Bachmann had a solid night, but the moderators didn’t focus on her and she had no memorable stances.  She was very intelligent with all her responses, however it definitely seems like her star has fallen.  Newt Gingrich was the great senior statesman who lashed back at the moderators for trying to pit the Republican candidates against each other.  While former US Ambassador to China John Huntsman just seemed too arrogant with his finger pointing.  Rick Santorum was refreshing, but nobody knows who he is.  Ron Paul reminded me of John McCain, but angrier and more frail!

The most interesting candidate was Hermain Cain with his “999 plan”.  His proposal is for a 9% personal income tax rate, 9% capital gains tax, and 9% sales tax.  I thought it was brilliant when he said that ,”If 10% is good enough for God, 9% is good enough for the Federal Government!”  Isn’t GE paying 9% corporate tax on its billions in profit better than 0%?  Hermain also proposed employing the Chilean system to fix Social Security by providing a personal retirement account with an option to contribute.  Cain is a former CEO of Godfather’s Pizza, and former Chairman of the Board of The Federal Reserve Of Kansas City.  It’s nice to see that he’s had a track record of serving in the private and public sector just like Mitt.

I was surprised there wasn’t more bickering and undermining between the Republican Presidential Candidates, to help rocket President Obama further.  That said, I still believe President Obama is a shoe-in to win a second term.  Even though he hasn’t passed much legislation or created any jobs since he became President, the fact of the matter is that President Obama is more likely to be viewed as the savior of the American public in crisis than any Republican candidate, even Herman Cain.



Readers, what are your thoughts on the debate?  Who do you think will win the Presidency in 2012 and why?

If you didn’t watch the debate, why not?  Isn’t this one of the most important things we need to follow given how weak our country is?

Which party and/or candidate do you think will be best for your personal financial health over the next 4 years?

If you would like to bet against me and Obama by choosing the field, please comment below and I’ll take you up on it!



Regards,

Sam

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