I'd forgotten about this magic moment in Presidential banana peels until Kate at Small Dead Animals reminded me of it. Enjoy:

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The Other Diane
Joined
May '10
The Other Diane

Wow. Thanks for posting this, Pseudo. And that was 15+ years ago. If Cain can surround himself with experienced foreign policy experts he may just be our man.

Edited on Oct 3, 2011 at 3:47am
Casey
Joined
Mar '11
Casey

Isn't this what drove us most nuts about Clinton?  Cain provides every possible fact and figure to refute Clinton and the last word is essentially "Aw geez, c'mon buddy... your numbers are too fantastic to believe... I'm gonna need see those calculations for myself..."

Clinton 1 Cain 0

Diane Ellis, Ed.

This is amazing.  Good for Cain.

But I'm also impressed with how Clinton dealt with that situation. He was willing to tackle actual figures and do math on the spot, even if his calculations were (intentionally?) incorrect. I can't imagine Obama ever trying to do a math problem on stage. He believes that the rules of arithmetic don't apply to him.


Joined
Jan '11
BThompson

Hate burst everyone's bubble but Cain was wrong in that exchange. Clinton was correct. Cain didn't have his facts straight.

Casey
Joined
Mar '11
Casey

Diane Ellis, Ed.: This is amazing.  Good for Cain.

But I'm also impressed with how Clinton dealt with that situation. He was willing to tackle actual figures and do math on the spot, even if his calculations were (intentionally?) incorrect. I can't imagine Obama ever trying to do a math problem on stage. He believes that the rules of arithmetic don't apply to him. · Oct 3 at 8:36am

Still, Obama would be well prepared to handle this exchange in his own way.  Would you agree that only Romney on our side could handle himself in a similar exchange today?


Joined
Jan '11
BThompson

The Clinton plan capped employer expenditures at 7.9% of payroll. That's what Clinton was talking about. Cain tried to claim he would pay 16% of payroll which was flat out wrong. Cain didn't know what he was talking about.

R. Craigen
Joined
Nov '10
R. Craigen

I was thinking the same as Diane.  Clinton may have been wrong here, and he obviously got kicked by a young businessman, but he was spectacularly competent compared to what Obama would have been in the same situation.    I cannot imagine BHO pulling out figures that quickly and doing correct arithmetic in his head on the fly while still speaking.

Does anyone know if Cain sent the numbers and if he and Clinton settled this disagreement later?

In any case, I relish the possibility of a Cain-Obama debate.  Bring 'er on.


Joined
Jan '11
BThompson

Cain did send the numbers. Here is an article from the Atlantic with the info.

You see that Cain's healthcare costs go up by about 1.6 million. You can extrapolate his total operating costs at about 85 million from the numbers he gives for his payroll costs (27.8 million x 3 = 85 million). That means Cain's total costs would have gone up by 1.8%. That is almost exactly what Clinton said.

Edited on Oct 3, 2011 at 10:07am

Joined
Jan '11
BThompson

What's more, Godfather Pizza would have had a lower cap than 7.9% even (as Clinton also points out in the exchange). The 7.9% cap applied to companies whose average annual wages were over $24,000. The average annual wages for Godfather Pizza were way below $24,000, so Cain's company would have actually paid far below the 7.9% of payroll that Cain uses in his numbers subsequently sent to Clinton.

Nathaniel Wright
Joined
Aug '10
Nathaniel Wright

This is an interesting exchange and demonstrates how much better Clinton understands economics than our current President.  I cannot imagine a President who cannot completely explain "what's in the bill" adequately, being able to calculate the effect that a particular piece of legislation would have on an individual corporation.

As the Atlantic article points out, Cain wasn't necessarily "wrong" about his figures.  He and Clinton may have been discussing different things. Yes, Cain's expenses would be at or under the 7.9% of total payroll costs, but that would require -- according to Cain -- a 16% to 20% increase in revenue to keep the current bottom line. 

Notice that Clinton actually listens, even though he shakes his head in disagreement, to Cain during the conversation.

Casey
Joined
Mar '11
Casey
Nathaniel Wright: This is an interesting exchange and demonstrates how much better Clinton understands economics than our current President.  · Oct 3 at 10:56am

Actually, I think it demonstrates how much better Clinton understands politics than our current President. (and current GOP field)  I don't think Clinton cared a wit about economics or health care or my pain or anything else but he was a master at turning any political issue to his favor.  Give Herman Cain that quality and now we're really getting somewhere...

Steven Drexler
Joined
Sep '10
Steven Drexler

Count me among those that think President Clinton came off pretty well in that exchange. Clinton was likeable, quick on his feet, well informed, and yet still a terrible President who led us in the wrong direction in too many ways. Just goes to show how tough this business is, and how rare are men like Ronald Reagan.


Joined
Jan '11
BThompson

I can get behind the argument that Clinton's plan would have had an overall inflationary effect. Had Cain said that the plan wouldn't just increase his health care costs, because all of his suppliers and vendors would also be raising their prices and passing along their increased costs, he would have had a good point. Raising the price by 2% wouldn't have come close to covering all the higher prices the Clinton plan would have created. That's not the argument Cain made to Clinton, though, in that video. He claimed his costs would rise by 16% because 30% of his employees would be getting health insurance when they previously were getting none.

Edited on Oct 3, 2011 at 12:21pm
Terrell David
Joined
Jun '11
Terrell David

Any way you slice it, President Obama is the worst president we have ever had.  He has attacked industries and cost us jobs since before he came into office.  He's lied and he has empowered our enemies with his talk of American weakness.  He has been a disaster.


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