Herman Cain’s Achilles’ Heel

So Herman Cain has now stated, “To protest Wall Street and the bankers is basically saying you’re anti-capitalism.” Not so fast…….. It may be that many Occupy Wall Street people are, but to focus on that is a diversion. Rather, the reason that OWS is gaining traction is because of the blatant cronyism between the Federal Reserve, “too big to fail” Wall Street firms and their Democrat and Republican puppets in both the executive and legislative branches of government. Be it Obama/Geithner/Pelosi or Bush/Paulson/Boehner. Indeed, much of the Tea Party can trace its roots back to the same disgust with Wall Street as we see today with OWS.
The Federal Reserve, Mr. Cain’s former employer, bailed-out their chums in Wall Street, and overseas, to the tune of $16 TRILLION of freshly inflated Bernanke bucks. In only a little over 2 years, too. The bail-out happened under both Bush and Obama, proving that cronyism is indeed bipartisan. By avoiding true capitalist principles, the perpetrators of the financial meltdown not only got off scot-free but were also spared bankruptcy – the free market fate they deserved.
We know the magnitude of the bail-out because of the stellar work of Ron Paul and Alan Grayson in the House and Jim DeMint and Bernie Sanders in the Senate that forced a GAO audit of the Federal Reserve’s role in the bail-out. I know that all four opposed TARP, too. I do know that Mr. Cain supported TARP and he has stated that there is no need to audit the Fed. This begs the question of who is more anti-capitalist, OWS or Herman Cain? One thing is for sure, Herman Cain’s Federal Reserve connection is his Achilles’ heel.

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