Posted on 05/06/2011 5:07:17 PM PDT by Graneros
Food for thought.
Many don’t realize that this isn’t the first time Cain, who once served as chairman of the Federal Reserve Bank of Kansas City, has discussed a presidential bid. As Matt Lewis has noted, Cain ran for president in 2000.
Like many conservatives, Cain has used the tea party movement as a platform to build up his name and slam the policies of Barack Obama and Democrats. Unfortunately, the criticism of Obama and friends inside the tea party movement is no longer limited to economic policy.
However, Cain was largely silent during the six years of runaway spending under the Bush Administration and a Republican-controlled Congress. Like most Republicans, he only acknowledged his party’s failings after it was too late to do anything about it.
He backed the Wall Street bailout, or according to Cain, the “recovery plan,” as he called it on his radio show. Cain wrote that nationalizing banks “is not a bad thing.” He even went as far as criticizing opponents of the bailout, calling them “free market purists” and absurdly claiming that no valid criticism had been brought forward.
Fast-forward two years and we see that the bailout did little to help the country recover, especially since most of the “troubled assets” remain on the books of banks. Of course, Cain and other backers of the bailout still wrongly claim that taxpayers have seen a profit from TARP.
The advantage of him running is that he likely takes at least some of the wind out of Tax Hike Mike’s run as Cain is likely to get support from his fellow talk show host Neal Boortz, author of two books on the FairTax; a plan that Cain has also vigorously advocated. If you recall, Huckabee was able to court FairTax supporters in 2008, who seemed unconcerned about his record of tax hikes, support of cap-and-trade and nanny-statist policies, launching him to contender status.
Cain is an excellent speaker and will no doubt draw comparisons to Ronald Reagan. Unfortunately, the similarities end there. At least Reagan read F.A. Hayek (one of his favorite book’s was The Road to Serfdom) and understood Austrian economics. Cain doesn’t have those influences; at least if he did, they aren’t beliefs he holds today.
On a personal level, Cain is a nice guy. Very easy to talk to and doesn’t mind a difference of opinion. While he has been a successful businessman, he is also a reactionary, inconsistent and somewhat of an opportunist. No doubt, we all recognize these as the traits of a good politician.
lol
I’ll back him. This is crap.
Thin gruel.
If you don’t like Herman Cain, you are racist.
To complete BS talking points being pushed by Paultards.
First, the Federal Reserve Bank of Kansas is NOT the same as the US Federal Reserve. It does not have any say over monetary policy. Regional Federal Reserve banks’ responsibility is in transferring funds between banks, clearing checks, and making sure banks meet regulatory filing requirements.
Second, his support of TARP is greatly exaggerated. He initially supported temporary emergency loans to banks only but once TARP came out, he vocally opposed it and how it was run.
Supporting the bailout removes him from consideration. Sorry, that was a deal breaker for McCain also. I voted for Sarah Palin in 08.
Cain would be a great president, but he has not yet demonstrated an ability to win elections. 0bama wins elections. We need to nominate someone who can win. If Cain is able to win 3 or 4 early primaries, then he will be a good candidate. But until then, I am backing someone who has demonstrated in the past an ability to beat democrats.
Supporting the bailout removes him from consideration. Sorry, that was a deal breaker for McCain also. I voted for Sarah Palin in 08.
A little behind the times there; he already has.
Jason Pye? What the heck is a Jason Pye? I can back Mr. Cain, no problem.
LOL apparently I’m not a racist.
Businessman???
Forget that crap, we need a from school to government ideologue business buffoon who knows how to handle these business criminals that have a wanton drive to screw government!
After all, it's worked so far....
Supporting the bailout removes him from consideration. Sorry, that was a deal breaker for McCain also. I voted for Sarah Palin in 08.
Paultards are desperate, they know their man will never get as much as 2% of the popular vote.
See #5, the Paultard camp are twisting Cain’s support of TARP. Cain actually opposed TARP, they are spinning one statement he made well prior to TARP about supporting limited temporary loans to some banks. These are coordinated talking points the Paul camp is putting out.
He says the words that need to be said, so I'm glad he's out there. But then, so did Mr. Newt, back in the day. So I hope the Herman is more than a Monty Python Newt.
Your a reverse racist or something like that.... LOL!
I really hate to burst your bubble, but Mr. Cain has already formed an exploratory committee as announced on his website. You might try educating yourself about the man first before throwing out half truths and innuendos.
Taking flak? We’re over the target.
Cain has made it to the top tier now. His discourse will be helpful - irrespective of his ultimate position in the party’s nomination.
He’ll keep the others honest at least. I’m so pleased he showed so well.
I’ve seen a lot of this today. Paulites must be really scared of Cain to attack him so fast and furiously.
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