Newt’s rebirth: Romney’s innocence: Cain’s oops

Give Newt a chance?

That seems to be the message coming from GOP grassroots following another commanding debate performance in Nevada.  Newt Gingrich is announcing on his Facebook page that contributions over the last four days have exceeded what he took in for the entire month of July.

With some of this campaign cash, Newt is making moves in New Hampshire and hopes to hit other early states as well.

To date, Newt Gingrich’s campaign was slowed by an apathetic start, low fundraising, and staff defections.  The general mood towards Newt Gingrich has been that everyone will admit he is the smartest man in the room, but nobody thinks he can get elected.  Un-electability has cost him financial support in a catch 22 situation where he has found it hard to raise the sort of excitement that gets people to fork over even small donations.  In many cases people like Newt in theory, but can think of better things to spend their cash on.

Newt also has the misfortune of having a public record far longer than any other candidate out there.  From the Clinton impeachment to his three wives, Newt has plenty of baggage.  However, none of this baggage is fresh.  This could prove to be an advantage over candidates who have made much more recent slip ups that are fresh in people’s minds.

Romney’s Illegal Aliens

Rick Perry may have made a critical error in attacking Mitt Romney for “hiring illegal aliens”.  This was a flimsy charge when it was made in 2008 and has not become any more serious since then.  Such a mean spirited attack on such a baseless charge is not what Republicans want to see candidates doing to each other.  Perry may be believing some of the religious conservative hype coming from his side of the ring: that getting rid of Romney is as high a priority as getting rid of Obama. 

Most conservatives would rather see Obama go, even if it means electing someone not as socially conservative.  Romney is not going to go down over this illegal immigration charge, and for a good reason.  Romney didn’t hire illegal aliens.

In fact, as an accountant myself, I would wager that under the criteria given by Rick Perry I could discover illegal aliens that Rick Perry has “hired”.  Romney hired a legal US company to perform services for him.  That company broke the law and hired illegal aliens without Romney’s knowledge or direction.  When Romney found out, he gave them one chance to fix it and then fired them.

So, has Rick Perry eaten at any restaurants along the border?  Has he ever used the services of any company that hired illegal aliens?  Give me unfettered access to his check books and credit records and I can easily find you the illegal aliens Perry has “hired” by this criteria.

Besides, did Nannygate in the Clinton administration change one voter’s mind?  Stick to the Issues, Rick Perry.

Cain talking himself out of contention

For two straight debates, 9-9-9 has played a significant role in tax discussion.  Cain is tapping the anti-IRS Fairtax group in the country with step one on the way to a national sales tax.  But the Fairtax has always overpromised on things it could not deliver.  9-9-9 actually makes the Fairtax look pretty good.  Cain has lucked out so far since no candidate attacking his plan seems to understand his plan.  But eventually word will get out on some of the real flaws in it, such as the basis for the 9% corporate tax.

The 9% corporate tax is on gross minus purchases.  For service  intensive industries such as consulting firms, temp agencies, and other such businesses, that 9% tax could easily turn into an effective 90% tax or even higher.  How?  Picture a company that makes $1.1 million gross per year.  They are a consulting firm with $100,000 in expenses and $900,000 in payroll costs resulting in $100,000 in profit.  Under Cain’s plan, it they leave the $100,000 profit in the business, they will be taxed on 9% of $1 million, or $90,000.  Of course, $90,000 tax on $100,000 net profit is a 90% corporate tax.

Now Cain has made another misstep on abortion.  At the same time, he practically handed out endorsements to his two biggest competitors, Mitt Romney and Newt Gingrich.

Cain continues to establish his amateur status and lack of political savvy.  Some voters will find that endearing, especially in our polished political world.  Others will start questioning just how much they can trust Cain to hold the line on important principles and give fast, correct answers in one of the most demanding jobs on the planet.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: