Erik Hayden at The Atlantic with the round-up.
Mark Hemingway at The Washington Examiner:
Herman Cain, the former CEO of Godfather’s Pizza and Member of the Board of Directors for the Federal Reserve Bank of Kansas City, has announced he’s running for President. Or at least thinking about it, anyway. You can read the statement on his website here.
Whether or not Cain will gain any traction remains to be seen. Being popular on the Tea Party lecture circuit doesn’t exactly scream “presidential frontrunner.” On the other hand, the whole point of the Tea Party is to encourage people with real world experince to get involved and lower the barriers to entry in politics. No matter what happens, Cain has the potential to add a lot to the political debate.
Jim Geraghty at NRO:
He spoke to NRO’s Jim Geraghty about it on Thursday.
NRO: Let’s get this out of the way: The last person whose first elected office was the presidency was Dwight Eisenhower, and he had led the war in Europe. What is your case to Americans that they should elect you straight to the Oval Office before any other elected position?
HERMAN CAIN: I think that American voters are ready for a problem solver, and not just another politician. I think people are becoming much more aware that successful businessmen are problem solvers, and that’s how they become and stay successful. I’ve gotten this impression over the last two years. What offices you’ve held before isn’t going to be their number one criterion.
What I am hearing from people I’ve talked to is, “What are the problems you want to focus on?” I’ve identified those, as well as what I would do about them. I have identified many of the ideas that I call low-hanging fruit, commonsense solutions that resonate with people.
Let me give you a few examples. One of the first questions I always get when I do one of my talks or Cain coffees or town-hall meetings is, “What would you do about the economy differently?” First of all, make the tax rates permanent, because extending them for two years just extends the uncertainty hanging over this economy for two more years. Secondly, I would ask the Congress to lower the top corporate-tax rate from 35 percent to 25 percent. Why? Because we are the only developed nation in the world that has not lowered its top corporate-tax rate in the last 15 years. The other thing I would do is lower the capital-gains-tax rate, because we punish risk too much in this country. We’re never really going to stimulate the economy in a big way until we do that.
Here’s one piece of low-hanging fruit that just amazes me that Washington doesn’t do it — it’s kind of like a no-brainer. Profits that have been generated overseas by multinational corporations — if they bring those profits back to the United States in the form of repatriated profits, then, in many cases, companies are going to have to pay double taxation. So they leave the money offshore. The last time we had a tax holiday for repatriated profits, back in 2003 under President Bush, nearly $350 billion came back into the country. It’s been estimated that we now have over $800 billion that could come back into our economy.
The other response to when people say, “You’ve never held public office,” is, “That’s true. Most of the people in Washington, D.C., have held public office before. How’s that working out for you?” The answer is, we have a mess. The biggest thing that we lack is leadership. My record in business speaks for itself when it comes to my ability to identify real problems and make sure that we have the right people in place who understand how to address them.
I had the pleasure of talking to Herman Cain before he announced his presidential exploratory committee this week, and you can expect a fuller piece on who he is in a few days. (Some truly horrible breaking news intervened between the interview and the writing.) So far, as he continues his media tour, I don’t hear much about the reason he got into politics — his opposition to health care reform in 1994, and a televised townhall battle with President Clinton that became conservative lore. Bob Cohn and Eleanor Clift reported on this at the time; curiously a video of the battle went inactive on Cain’s old site, and is now gone.
Ben Smith at Politico:
The quixotic presidential bid of Godfather’s Pizza chief Herman Cain has prompted quite a number of memories of the chain — and of its, er, distinctive television ads.
The one above is via Paul Knipe on Twitter, who wrote that the pizza “was awful. But the horrible commercials were rad.” (Godfather’s still exists, mostly attached to convenience stores.
Joshua Green at The Atlantic:
After posting this profile of Herman Cain, the Tea Party-backed, African-American former CEO of Godfather’s pizza and current radio talk-show host who just launched a presidential exploratory committee…(pause for breath)…some of us at the magazine got to wondering how the rest of the GOP field would react to Cain’s challenge. The first thing you do with an unknown opponent is see what’s out there on the internet. Curious about Cain’s tenure at Godfather’s Pizza, some of us started poking around YouTube for old commercials. It’s safe to say that 1980s pizza ads were pretty wacky affairs (remember the Noid?) and hard to imagine one of them becoming an issue now–but not impossible. Anyway, this 1988 Godfather’s ad, starring the “The Studney Twins”–one black, one white–stood in a class by itself. Let’s just say it does little to temper racial stereotypes*