Newt scored big points by referencing the Galveston, Texas and Chilean system. He really knew this subject well. His mention of the Principal Group in Des Moines helping administer the Chilean system was great. It is a good starting point on being able to get the facts on this system out to the public. Also, his comments about the estimates by the Social Security Actuary estimating 90-95% of younger people opting into the system, and the building up of an asset that they own where extremely good. He also referenced Martin Feldstein of Harvard for estimating that this system would reduce wealth inequality in America by over 50% over the next generation.
Overall: I like the idea of the debate focusing on a single topic. Overall I think this gave the candidates a chance to shine and demonstrate their skills. I think it kept the snipping to a minimum. I enjoyed the debate and thought it was a rare chance to bring to the forefront several serious topics that do not normally get the airtime they deserve.
this election is going to come down to a question of who best suited to guide the economy going forward. I feel that the CNBC staff brought a level of knowledge about the economy, how businesses work, and the important issues facing us that were sorely missing in previous debates. I thought the questions were very good, much better than any other debate. I also liked the format that spread the time out much more evenly among the candidates and did not simply focus on the front runners. I think this gave the viewers a chance to better understand all the candidates and their positions.
On the various topics in the debate I have the following:……
On the various topics in the debate I have the following:
Tax Code: On whether we should replace the current income tax system with a national sales tax? Michele Bachmann said that the government would be too tempted to raise taxes and that we should give the government a new tax. Herman Cain on claims that 9-9-9 would actually raise taxes on low income, he directed people to the analysis on his web site at www.hermancain.com He said that politicians were attacking his proposal because they wanted to
I liked the format of having the candidates sit around a table. I liked the commercials by the Peter G. Peterson Foundation. I have followed the Peter G. Peterson Foundation for several years. It is a high quality organization that everyone should familiarize themselves with. The format of the debate was a little different than previous debates. Instead of having the moderator rotate the questions more or less evenly, the candidates were given the chance a better chance to provide rebuttals. This gave the front runners a chance to respond when attacked, but it did sideline the lessor candidates. Also as candidates spent a lot of time attacking Mitt Romney or Herman Cain, it didn’t provide much time for Rick Perry who in my mind is one of the top 2 candidates in the field.
Having the candidates ask each other questions: ………