A couple new developments on the Herman Cain front. First, Dave Weigel of Slate has posted his own profile of Cain, for which he went and read Cain's motivational/leadership books. It's good stuff. (The profile, that is--I can't vouch for the books.)
Second, a number of people have written in about Cain's videotaped showdown with Bill Clinton over health care in 1994--they want to know who was right. Good question. The short answer is, I don't know. But Cain's industrious press secretary, Ellen Carmichael, has, with no small effort, gotten hold of Cain's written response to Clinton, which was published in the Wall Street Journal at the time and provided a numerical basis for what Cain was arguing. I'll post the whole thing below. One reason it's difficult to judge who was right is that, as some of you may have heard, the Clinton White House long ago ceased to be. So I'm not sure how to get the other side. If any Clinton vets care to weigh in, I'd be eager to publish their response. Meanwhile, Cain's letter is after the jump:
1. Large price increases will drive customers away. Over 50% of our customers use coupons with their pizza purchases because they are very price conscious. In fact, 25% of all restaurant customers use a coupon with their purchase. (Source: NPD/ CREST)
2. Since it is likely that many of our suppliers of ingredients and materials will also experience increases in costs due to a mandate, they will likely pass some or all of those costs on to us and, thus, it becomes an inflationary "snowball."
3. Although consumers are spending more of their food dollars eating out, it is due to competitive forces which tend to hold prices down. This is evidenced by the cost of eating out rising slower than the cost of eating at home (Source: Consumer Price Index, Bureau of Labor Statistics). I believe price increases "by all competitors" in our industry would change this trend.
975 full-time employees
1,570 part-time employees who work 10+ hours a week
720 employees who work less than 10 hours a week
153 employees on leave of absence/ other
3,418 TOTAL EMPLOYEES