The economic genius of Herman Cain

 October 24, 2011

“It is not my intention to do away with government. It is rather to make it work–work with us, not over us; stand by our side, not ride on our back. Government can and must provide opportunity, not smother it; foster productivity, not stifle it.”

*Ronald Reagan* First inaugural address  1/20/1981

Herman Cain rolled out a plan last week for Economic Opportunity Zones that should have Americans, especially those who support sound economic theory and equal opportunity, cheering.  Herman Cain calls the plan his vision for “Opportunity Zones: Renewing Cities Across the U.S.A.”

This plan is ingenious because it is simple in economic terms. It combines proven economic theory with the current conditions that occur naturally in an economic downturn, such  as low property values, and an abundant pool of available labor, i.e. unemployed Americans. With a focus on distressed American cities–Detroit for example where residential and commercial properties have plummeted in value–the Opportunity Zone plan would create a friendly atmosphere in which entrepreneurship and investment are encouraged, and jobless or underemployed Americans would be put to work. It revitalizes America’s cities by giving hope to those want to build a businesse, take risks, work hard, and renew the American Dream in the cities which are dear to them.

The Opportunity Zone Plan will succeed largely because it clears away the outrageous hurdles of government regulation and taxation which now exist, and have grown to beastly proportions, under the Obama Administration.

Herman Cain’s Economic Guiding Principles are:

  • Production guides the economy, not spending
  • Risk taking drives growth
  • Measurements must be dependable and focus on how reducing the “government wedge” enhances productive activity
This is a plan that will most benefit those in America’s cities who are beset with high unemployment rates and a dearth of potential jobs. Herman Cain has resurrected the American Dream with this plan. All Americans, regardless of location, economic status, race, or background, can take hold of the opportunity provided by this plan, to use their ingenuity, hard work, and commitment to create better cities and a better country, and enjoy the wonderful fruits of prosperity.
 By Marjorie Haun 10/24/2011

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