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Cain vs. Obama

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  • Description

    GOP Presidential candidate Herman Cain reacts to statements made by President Obama on the economy.

  • Duration 7:07
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This transcript is automatically generated

-- -- For what passes for one on my shelf.

Republican presidential candidate Herman Cain is here to debate.

And imitation President Obama he's an actor -- what he says tonight will be.

Entirely the president's own -- and if you don't believe that good down south of -- -- we posted the video of the real President Obama.

First question for the candidates.

The deficit should we freeze spending -- in real trouble mr.

Obama.

Well the problem with -- spending freeze.

Is that you're using a hatchet.

Where you -- a scalpel.

Now there are some programs that are very important that are underfunded.

He wants he is a scalpel.

Programs are underfunded.

I would rather use some common sense.

And increase.

The growth of the economy.

And do targeted.

Drilled battles to find where we need to cut in a responsible way what would you cut give me a couple examples for example.

We'll subsidize an Amtrak.

Amtrak to me is another business that ought to be this stand on its -- and what about any help.

Got one important thing.

How about Fannie Mae and Freddie Mac.

The financial meltdown they need to be -- attack -- as that's a big money at that 400 million bucks -- exactly so let's go to the big areas where we can restructure.

And not have to raise the debt.

What should we do about the debt limit should we allow government to spend more money.

Well that the faults and on the consequences for the US economy will be significant and unpredictable.

Well if I were president.

I would not have allowed it to become a crisis in the first -- a crisis now is our prices now so here's what we do first of all.

We will not default on the debt.

Because the amount of interest that we pay is approximately 500 billion dollars and here.

That is about twenty times smaller than the amount of revenue we bring in so what I would do -- is.

Get away from the -- attacked is because we don't throwing grandma mall the -- is just scare tactic.

Makes -- be paid.

The military people in the military -- is.

Make sure we paid -- on the debt paid Medicare bills.

And then make sure that we paid a Medicaid deals and guess what everything else should be on a table and get serious about cutting the debt the debt.

And we -- I have two point six.

Trillion in revenue we can pay -- that without increasing the debt limit exultant.

Well we will resident -- We always -- And we will do it again.

And therein lies the problem they always have and they always -- if we don't stop it.

And now's the time to stop it and not do it in make those tough choices.

Health care.

-- obamacare I'm sorry to use that term but big success well in the United States.

No one should go broke because they get sick.

In the United States.

No one does go broke because they get sick.

Big they go broke because.

They can't find a job we have fifteen million people without a job and -- holding a mandate through health care is not the way to fix this economy.

We have a Department of Education the federal department I'm not sure why the states used to cover education but now we're spending ninety billion an education No Child Left Behind and all that.

Should we cut that.

Well.

John Money -- display.

We cannot cut education.

That we can't cut things that make America more competitive.

Wanted to -- to have fun with this one of the problems.

-- on the -- this.

One of the problems with the federal government tried to micro managed education.

Is the same problem it has with everything -- that tries to micromanage.

It does not work.

One of my guiding principles has always been.

People closest -- -- a problem.

Our best suited to determine that solution to the problem and that's a long way from -- NBC.

That's OK through twelve education what about college were supporting college.

Increased pell grant Stafford loans Perkins loans good -- well I think that one of the things that we have to do.

Is to make sure that college is affordable for every young person in America.

I have and I believe that college is affordable for every young person in America if they do it the way mean of -- have done it.

We worked -- yet we get extra jobs there is a path to a good education if people look for that path.

Global warming to the big threat.

Well be scared all the threat from climate change.

Is serious.

It's urgent and it is growing.

Now if we -- the minute.

Boldly and swiftly and together we risk -- -- future generations.

Two and irreversible catastrophe.

Catastrophe -- Our climate change is not a crisis.

Climate change does not stand up that the scrutiny of legitimate science.

Climate change is something that has been happening since the beginning of this planet.

I don't think it is a threat to the -- I don't think -- a threat to mankind.

I believe that we should be responsible -- terms of what we do with respect to the planet.

But you can go overboard and try to do too much I don't think -- the crisis I believe we need to focus on other more important issues thank you -- McCain and President Obama goal is really actor Reggie brown and -- And.

-- since last year doing these debates you made some news yourself you went to some Republican event Louisiana.

And they pulled off the stage but that's correct John -- I was down there and New Orleans and I was very excited to out perform for the Republican leadership conference.

-- taken off the stage as you said and they told me that time restraints if you had gone too long yeah later somebody said no it was a racist it was offensive what you said.

The -- racist is absolutely ridiculous my material is not racist and the press jumped on UB then did what eighty interviews -- various media and and they gave me great chance speak my side of the case and there was you know I I went there and have fun -- -- -- I went there to do my job.

I -- -- -- there are confluence are they felt that way but I stand behind my my set my material and they've stopped calling you racist self -- it's because I'm not a racist.

Would think thank you Reggie Herman plea.

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