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Herman Cain, Republican presidential candidate, on the criticism of his 999 plan and how his campaign funds are doing.
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All right so much for all of that talk about shipping -- came back and it -- -- box the business got father is now the Republican Party mother load.
-- gain is now besting Mitt Romney and one -- after another.
A little more than a couple of weeks going from quite right to -- is biting away.
Analysts presidential competitors because mr.
999.
Is on fire fire fire.
And far from recoil and at the criticism of his economic policies.
-- clearly relishing it.
The -- you're rises come -- hits.
-- -- -- -- Not not -- -- that will go about.
All of the top.
What the biggest bull battle -- -- and -- -- -- -- -- -- -- kind of but you know what NATO it is the most relevant pain out there Austria my life.
But now we get expected and you know they're going to try buying everything in the war world would not about they jumped out on -- wrong.
-- me -- the candidate they are -- -- about I haven't beer.
In Ohio -- it's been but you know what you have here at what -- your state.
I just -- this didn't bark it devastates.
We've embarked it in the state we -- -- Jackson we had.
Problem people come out in the middle couldn't -- -- speak.
They opt out of -- -- Well what the real people out there are saying which is why -- starting to move up and these bold and I'm not by the be a slave of the week are shoot -- I mean you obviously arts are keeping deposition -- rises of these calls your head in Florida -- had a lot of these states where you were just a master not too long ago.
But I talked to one on pollster not too long ago -- about it political store and just earlier on this very shows that.
-- you need money and you don't have much money and that's what's going to be your undoing are you really -- hurting us from money.
No we're not.
We're gonna report but they expect -- order deal I just got these numbers debate they don't report.
Over a million dollars cash on hand and no debt that's what people -- misty now.
-- -- October 1 up until today.
October 14.
Outlook fundraising and contributions have literally.
Quadruple the so we are doing quite well -- bought bond rate and.
It's quadrupled and you know that people like Mitt Romney -- taken and 1718 million dollars and that some of these others are taking in double digit million dollars.
And there you are you know would have you know a million dollars guess on -- not too shabby.
But but not remotely financially competitive.
Exactly but Neil beer spot we don't we have not -- the rate the biggest amount of money the traditional model is top -- Where you need to be unique to raise the most amount of money you can wage bit on the attack and somebody on TV.
I'm more of bookstore here -- its feet.
And getting out of the about -- -- -- come out one of the things that came out that -- Paul O'Neill.
Is that message is more -- all that money.
And that's why are up in the polls and that's why I don't eat.
They're out more might have been -- or a billion dollar -- -- The American people they are listed some of that -- and taught that -- but you know is that 999 when it.
All right now on the non and -- when you've heard it from all sides all angles is the it attitudes it's criticized being very regressive and that -- folks who don't earn that much money will be directly impacted by that.
National sales tax -- do well on the attacks that your critics say will only go up because that's Washington's ways.
And that that's about a contention in the last -- -- back that was raised by folks are senator Santorum has said.
Try selling that in New Hampshire where there -- have a thing against anything like that and and that that's gonna billionaire.
And as more people grasp what you're talking about they're gonna say well wait a minute this 999 thing is -- is is risky but he's.
Well first of all.
It is not regret it into the people who stated that it spreads of all of the oil price -- they do the math.
Based -- -- near but they now all of you any true.
Based upon the assumption that we have about what now -- -- the the way we wouldn't share outlook now what do what it about it who lost the heated -- contact that's speculate.
Back and show the difference between all the politicians and -- at the politician -- to basically proposed -- -- that they think they can.
I am proposing solutions that will solve the problem and the problem we have right now that bit economies -- -- support.
And this -- happens bow would and it has built a boost this economy had about 5% growth rate.
Big -- a new job out and more orderly built that the automobile group market -- And they're going to be you know mold to grow but it most -- secret has -- not not not deal.
They are unfounded and on true.
Big but they won't keep you there that true as -- -- they have Spain beat they have that here the other thing that it hate most about that that.
The people get it.
And as far as giving congress -- -- the fact that -- It is it is simple transparent and billable the American people Obama -- want -- -- -- speak bit of our.
But revenue at one Spain don't watch that not hundred outlook speak but factored -- current fact go up think that the American people -- that.
Now I know what's -- the not present sales tax who tried to take money and it's in the underground economy and those who try to dodge paying income taxes.
Or skate -- with we're right also in the rest by not paying these taxes you take out of the underground you could raise a good deal of money.
And I know you talk to economists who say they have crunch the numbers -- -- for months -- they do add up there are many others is that they don't add up permit.
You -- that criticism I guess what I'm trying to get from you.
It is the sales tax is something that sticks in people's -- would you ever considered his making it a nine.
Nine plan that you're facing so much heat on the 9% sales tax thing that they're ignoring the 9% corporate tax in the 9% income tax.
The answer is no deals with a bottle -- reason.
When we.
Went through the logic book but it -- that the other.
We knew that in order to raise the same amount of revenue from -- there's we had to expand the -- Bring it in the scales back expands the -- speculate.
Expanded debate.
That's why we ended up what the rate as low as nine respect -- you know what.
They don't know know it -- -- I'm just telling you the -- said that's how low value added tax started in France and it was 5% it's up to 20% now nor write that in England.
North of that I hate to say it in my mother Italy -- you know that that all of a sudden.
What starts as a low number with -- good intentions.
Then goes only only -- and I know what you're saying that all these rates are below we're looking at now.
Then they come after you and say well you know what you're not looking at something -- -- revenue neutral so you're getting zoomed on both ends.
Exactly but CDO here's how we got to prepare.
What you call attacks pretty and that -- -- I support a balanced budget amendment.
A lot of people in congress ought to balanced budget amendment and the other thing is.
If we.
They are building that watch depended not on a break its addiction to increase spending.
I am determined its prerogative to change the culture in Washington -- speed where we expand what -- -- column leading and that won't be a neat.
To track and -- -- -- what we need to raise those numbers.
That's the -- but they operate -- not the old parent.
I'm -- -- what would you do Erica.
Real quick manner you gotta go Armand but I I was talking to another strategist and when your competitors campaigns who was saying the way to get -- -- to show his ignorance on foreign policy.
That's his weak that's as I guess that's his Achilles heel.
That's what will show in not to be ready for presidential prime time.
You have told me -- -- -- views that is it your strength you're you're you're you're you're -- -- you're getting.
To be a good student of all this but that that is a weakness we live in volatile times this new Iran threat is is getting people concerned.
That you're not up to that site what he's.
But merely be ever heard build expressions.
That tiger and follow whereas.
There's a lot of weight due -- big -- for the last not -- I have not been betting that foreign policy challenges that these banks.
Do they think but alas -- -- I have not include Baltic a big group of foreign all of shouldn't -- is about all the different situations that we did do they think both.
A moment that I'm not dispute it up the position that not speak.
And then I'll probably know more about foreign policy that -- -- bill -- what I don't spend nearly as apple they continued at stake.
That I am foreign policy com.
Until the right and they will find out I'm not just foreign policy on the big big I have the most -- up every one of these issues.
-- long long long -- Well I hope they continue to maintain that at these.
-- -- -- the reason one last thought from you on the Wall Street protests.
-- Mayor Bloomberg was going to dispersant today to clean up the lower Manhattan part they've been sort of camping out in He didn't do that.
So the protest grows gets more.
Impressive not only here but across the country what do you think of these protests.
-- -- These protesters greet this being sleeping so somebody at the clean up that -- There's another indication.
That they have -- great objective whatever they are.
I believe that these protesters approach -- the -- people and Wall Street managed to mining Wall Street didn't pass these.
Failed economic policies that the Obama administration.
Wall Street didn't -- -- trillion dollar.
On auto bail -- on a stimulus package that didn't work.
Wall Street didn't drop the unemployment rate did not want want the thick Wall Street Google slogan is that enough ordered it to billion dollars -- -- just demos to him.
They are -- testing the wrong one.
On its -- over at the white out.
Near you know I'm not mad at -- like that it's actually put out that that's that's alright they thought they are protesting the role place.
