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Old October 19th, 2011, 09:16 AM   #1
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Default Herman Cain's bio

I'm not a research analysist. I welcome any corrections but this is what was sent to me.

Herman Cain is running for president. He’s not a career politician (in fact he has never held political office). He’s known as a pizza guy, but there’s a lot more to him. He’s also a computer guy, a banker guy, and a rocket scientist guy.

Here’s his bio:
• Bachelor’s degree in Mathematics.
• Master’s degree in Computer Science.
• Mathematician for the Navy, where he worked on missile ballistics (making him a rocket scientist).
• Computer systems analyst for Coca-Cola.
• VP of Corporate Data Systems and Services for Pillsbury (this is the top of the ladder in the computer world, being in charge of information systems for a major corporation).
All achieved before reaching the age of 35. Since he reached the top of the information systems world, he changed careers!
• Business Manager. Took charge of Pillsbury’s 400 Burger King Restaurants in the Philadelphia area, which were the company’s poorest performers in the country. Spent the first nine months learning the business from the ground up, cooking hamburger and yes, cleaning toilets. After three years he had turned them into the company’s best performers.
• Godfather’s Pizza CEO. Was asked by Pillsbury to take charge of their Godfather’s Pizza chain (which was on the verge of bankruptcy). He made it profitable in 14 months.
• In 1988 he led a buyout of the Godfather’s Pizza chain from Pillsbury. He was now the owner of a restaurant chain. Again he reached the top of the ladder of another industry.
• He was also chairman of the National Restaurant Association during this time. This is a group that interacts with government on behalf of the restaurant industry, and it gave him political experience from the non-politician side.
Having reached the top of a second industry, he changed careers again!
• Adviser to the Federal Reserve System. Herman Cain went to work for the Federal Reserve Banking System advising them on how monetary policy changes would affect American businesses.
• Chairman of the Kansas City Federal Reserve Bank. He worked his way up to the chairmanship of a regional Federal Reserve Bank. This is only one step below the chairmanship of the entire Federal Reserve System (the top banking position in the country). This position allowed him to see how monetary policy is made from the inside, and understand the political forces that impact the monetary system.
After reaching the top of the banking industry, he changed careers for a fourth time!
• Writer and public speaker. He then started to write and speak on leadership. His books include Speak as a Leader, CEO of Self, Leadership is Common Sense, and They Think You’re Stupid.
• Radio Host. Around 2007—after a remarkable 40 year career—he started hosting a radio show on WSB in Atlanta (the largest talk radio station in the country).
He did all this starting from rock bottom (his father was a chauffeur and his mother was a maid). When you add up his accomplishments in his life—including reaching the top of three unrelated industries: information systems, business management, and banking—Herman Cain may have the most impressive resume of anyone that has run for the presidency in the last half century.
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Old October 19th, 2011, 09:53 AM   #2
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Chairman of the Kansas City Federal Reserve Bank. He worked his way up to the chairmanship of a regional Federal Reserve Bank. This is only one step below the chairmanship of the entire Federal Reserve System (the top banking position in the country). This position allowed him to see how monetary policy is made from the inside, and understand the political forces that impact the monetary system.
Cain was Chairman of the Board of Directors for the Kansas City Fed which is not the same as being the Chairman of the Branch. The Branch doesn't have a chairman at its head, it has a president. Additionally, the chairman of the local board of directors is not one step below the chairmanship for the entire system. One step below the chairman of the entire system is the Deputy Chairman of the Federal Reserve.

The local branch Board of Directors is appointed by the branch President and serve at his discretion. The board is made up of 9 people from the geographical service area (3 banking executives/economists, 3 community development type economists, and 3 local industry executives (this is the group Cain was in)). Those 9 members elect their chairman (and a vice chair). The board only meets a few times a year (I think it's monthly or bi-monthly) and discusses local economic issues and makes suggestions to the bank president regarding policies and interest rates. From my understanding, the presidents generally do not pay much attention to what the board says regarding general policy decisions but they do have a bit of influence over the discount rate and then by proxy, the overnight rate that local banks charge. The chairman of the board of directors at the local Fed branches additional duties are to make sure the meetings run smoothly, that the members are contributing like they are supposed to, and that their staff is putting together the minutes and other publications that are supposed to be done.

Being on the board of one of the local Federal Reserve branches, or even being its chairman, is a long way removed from being the chairman of the entire system.

All that being said, being appointed to the local Board of Directors is still somewhat impressive because it shows that the local president had enough faith in your abilities to be willing to listen to you regarding the issues once a month or so.
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Old October 19th, 2011, 10:27 AM   #3
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He definitely has an impressive resume. I just don't like some of his ideas.
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Old October 19th, 2011, 12:33 PM   #4
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He definitely has an impressive resume. I just don't like some of his ideas.
x2. I don't think adding an additional 9% to sales tax is all that
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Old October 19th, 2011, 02:19 PM   #5
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i think some of his ideas are good, some are not. just like every other candidate.
so far they are just ideas. they can be changed/tweaked to fit the situation.
his advisors will clean up any problems. that is what a cabinet is for, to advise.

he looks very promising to me. jmho i prefer him over any other cadidate so far.
he has got to be better than a man that has never had a real job in his life.

if he can get the nomination im not sure?
i would love to see barry try throw the race card at him! you know he will!
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Old October 19th, 2011, 02:28 PM   #6
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I hear he's gay























by which I mean he's generally a happy guy
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Old October 19th, 2011, 02:33 PM   #7
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His 9-9-9 plan actually makes a lot of sense from a fiscal standpoint. I'm just glad there is someone from the GOP running that has a head for business (which is what we need) and isn't pushing his/her agenda from the social side. We need fiscal conservatism right now more than ever.
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Old October 19th, 2011, 02:43 PM   #8
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His 9-9-9 plan actually makes a lot of sense from a fiscal standpoint. I'm just glad there is someone from the GOP running that has a head for business (which is what we need) and isn't pushing his/her agenda from the social side. We need fiscal conservatism right now more than ever.
I've yet to understand how a massive tax reduction on the wealthy and a massive tax increase on the poor make fiscal sense.
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Old October 19th, 2011, 02:49 PM   #9
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I've yet to understand how a massive tax reduction on the wealthy and a massive tax increase on the poor make fiscal sense.
Is it a massive tax reduction? What about all this talk that the wealty currently have so many loop holes that they hardly pay anthing? This would eliminate that.
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Old October 19th, 2011, 03:27 PM   #10
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Is it a massive tax reduction? What about all this talk that the wealty currently have so many loop holes that they hardly pay anthing? This would eliminate that.
I've never seen any data on this "almost nothing" claim. The data I have seen puts the income tax rate for the top 1% at around 22%. So even it every penny they make was taxed at 9%, and they spend every penny on new items, they would be paying 18%. But add to this the reduction in capital gains tax from 15% to 0%, and the fact that the higher ones income the lower the percentage of it that's spent, so the lower the effective tax rate. Most analysis of his plan I have seen agrees that it would be a large tax reduction for the wealthy.
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Old October 19th, 2011, 03:38 PM   #11
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I've yet to understand how a massive tax reduction on the wealthy and a massive tax increase on the poor make fiscal sense.
bout time the other 47% has to pay something.
unless the other 47% starts paying something we will all be nothing.
the 9/9/9 also brings up earings form illegals and other black market money.

is 9/9/9 the only option, no. find a better option we all can support. no one else has a better idea ive heard. i personally was in favor of a national sales tax and totally dropping the irs. then we dont have to pay for all obamas new irs agents. everyone needs to chip in. the freeloading needs to stop.

if you are so broke you can pay the 9% sales tax, then it wont hurt you.
seeing as how they have nothing to spend. 9% of nothing is nothing.
if they got it to spend, then we get our cut.

i pay my taxes. i get almost nothing back in a return. i aint rich. why should you pay less than me?

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Old October 19th, 2011, 03:46 PM   #12
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I've never seen any data on this "almost nothing" claim. The data I have seen puts the income tax rate for the top 1% at around 22%. So even it every penny they make was taxed at 9%, and they spend every penny on new items, they would be paying 18%. But add to this the reduction in capital gains tax from 15% to 0%, and the fact that the higher ones income the lower the percentage of it that's spent, so the lower the effective tax rate. Most analysis of his plan I have seen agrees that it would be a large tax reduction for the wealthy.
The only data I have is the bitching we hear all the time, including that from Oblama. Isn't he the one that is complaining that Warren Buffett pays less in taxes than his secretary? Don't we hear from the wallstreet occupiers that all these rich bankers and business owners don't pay enough? Now when somebody comes up with a plan that guarantees that a person of any income will have to pay, it's not the right answer either.
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Old October 19th, 2011, 04:21 PM   #13
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Heres an article about it:

http://money.cnn.com/2011/10/18/news...plan/index.htm
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Old October 19th, 2011, 04:24 PM   #14
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flat tax. 17% just like Bill wanted. it would be equal and fair
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Old October 19th, 2011, 04:33 PM   #15
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flat tax. 17% just like Bill wanted. it would be equal and fair
make everyone pay something.
no more people paying zero tax.
you make one dollar we want a percentage.
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Old October 19th, 2011, 04:36 PM   #16
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The only data I have is the bitching we hear all the time, including that from Oblama. Isn't he the one that is complaining that Warren Buffett pays less in taxes than his secretary? Don't we hear from the wallstreet occupiers that all these rich bankers and business owners don't pay enough? Now when somebody comes up with a plan that guarantees that a person of any income will have to pay, it's not the right answer either.
I perfer forming my opinions based on verifiable data, not TV sound bites.
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Old October 19th, 2011, 08:10 PM   #17
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I agree, anything you can find on the internet must be true.
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Old October 20th, 2011, 11:33 AM   #18
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I hear he's gay























by which I mean he's generally a happy guy
...and it's by choice.
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