Archive for the ‘Herman Cain’ Category

Herman Cain’s Achilles’ Heel

October 10, 2011

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.


Cry Baby Cain

September 28, 2011

So Herman Cain is complaining about being questioned about the Federal Reserve. Boo hoo.
A big reason a great many people have reservations about him is because he was past President of the Kansas City Fed. The Federal Reserve has become synonymous with crony crapitalism and is ripe for a full audit, if anyone doubts this then just look at the findings of the partial audit stemming from the financial meltdown. Consequently, given his past employment and recent events, it is inevitable that he’d face questions on the Fed. If he ever comes to where I live, I’d be questioning him on it, too.
Does he expect Mitt Romney to not be questioned on “Romneycare”? Rick Perry not to be pressed on alleged cronyism? This is their Achilles’ heel, association with the Fed Reserve and his support for TARP is his. Herman Cain should be calling for a full audit rather than crying about people questioning him.  Or is he just another one of the GOP’s crony crapitalists?