TPM News

Herman Cain disputed the Bloomberg News analysis that his 9-9-9 tax plan would cause government revenue to fall sharply.

“The problem with that analysis is that it is incorrect,” Cain responded.

Instead, Cain argued that his plan should be “dynamically scored,” referring to his campaign’s predicted effects that the plan would have for growing the economy, and thus boost revenues back up to have zero net change.

Cain, in response to a question attacking the principles of his ‘999’ plan: “The problem with that analysis is that it’s incorrect.” Gets a laugh from the audience.

It was thanks to a man who dodged a state-level narcotics offense by becoming a paid confidential source to the DEA that the feds stumbled upon an alleged plot by an Iranian official to assassinate the Saudi ambassador to the United States.

In a plan that federal officials described as "well-funded," "chilling" and out of the "pages of a Hollywood script," two men, allegedly working at the behest of elements of the Iranian military, plotted to hire a man they thought was affiliated with a Mexican drug cartel, to take out Saudi Arabian ambassador Adel A. Al-Jubeir, perhaps while he dined at a D.C. restraurant.

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Just days ago, the Chaos Computer Club announced that it had analyzed what it called a "Bundestrojaner" or "federal trojan" that the group believed had been developed and used by the German government. Security researchers at F-Secure Labs confirmed the malware's capabilities, giving it the name "R2D2." Now, state officials are confirming that the software is indeed state-sponsored.

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Mitt Romney defended the 2008 TARP bailout, declaring that it was necessary in order to prevent the collapse of America’s financial and monetary system.

“My experience tells me that we were on the precipice, and we could have had a complete collapse of the banking system, wiping out the savings of all the people,” said Romney.

He did, however, criticize the implementation of TARP, and the use of the funds for such purposes as the bailout of the U.S. auto industry.

Even Romney’s pooping on him now. Romney also notes he doesn’t know who he’d replace them with, but then “I haven’t picked a VP either; I’m not sure I’m the nominee yet!”

Romney, deflecting what he called a hypothetical question, said, “I’m not very good at being omniscient, but I can tell you this: I’m not going to have to dial up Timothy Geithner and say how is the economy working?”

Newt Gingrich discussed the government’s guidelines on the recommended frequency of prostate cancer screenings — and name-dropped Sarah Palin.

“I think Governor Palin got attacked unfairly for describing what could be called ‘death panels,’” said Gingrich.

However, Palin’s infamous “death panels” accusation against President Obama was a very different allegation about government boards: That a panel of bureaucrats would cut off access to health care for her young son, who has Down Syndrome, and declare him not socially worthy of treatment.

Bachmann: “President Obama plans for medicare to collapse, and everyone will be pushed into Obamacare.”

Then she brings up the 15-member board… the board that Palin dubbed the “death panel.”

LiveWire