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Herman Cain on Free Trade

Republican Businessman & Talk-Show Host; 2011 GOP frontrunner

 


1993: Favored GATT; trade is not a zero-sum game

Cain appears to be in favor of free trade. He favored the General Agreement on Tariffs and Trade (GATT) in 1993, saying "Free trade is not a zero sum game. Everyone can benefit." On trade with China, he says that "China is not the problem. Our economic growth is the problem. If we can start to grow in a robust fashion, we won't even have to look back at China." His suggestion for stimulating economic growth is to cut the top corporate tax rate from 35% to 25% and "take the capital gains rate to zero."
Source: Club for Growth 2012 Presidential White Paper #3, "Cain" , Jun 2, 2011

China's economic strength is a national security threat

China's economic dominance would represent a national security threat to the USA, and possibly to the rest of the world. Look at the facts. China has a billion more people than we do. They aspire to have a greater military might than we do. They currently hold over 25 percent of our national debt. And they have a different view of human rights and how to maintain peace in the world.

It would be naive to think that China would not be tempted to flex its worldly might if it were bigger than us economically and militarily. And it would be equally naive to think we could influence their actions on currency or anything else with diplomacy or two verses of Kumbaya. Appeasement is not a strategy. As Ronald Reagan proved, strength is the strategy.

Source: Herman Cain's column in North Star National , May 1, 2011

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Page last updated: Oct 01, 2016