Herman Cain Supported TARPSubmitted by robrigo80 on Thu, 09/29/2011 - 10:09
Herman Cain's article in 2008 supporting TARP and chastising free marketers. Here are a few excerpts:
"Wake up people! Owning a part of the major banks in America is not a bad thing. We could make a profit while solving a problem."
"But the mainstream media and the free market purists want you to believe that this is the end of capitalism as we know it. It is not for several reasons that they h...ave conveniently not explained."
"The free market purists’ objection to this is that it smacks at government control of the banking industry, which is called nationalization. They are correct. It smacks, but it is not nationalization because that would require the government to own at least 51 percent of the entity for an indefinite period of time."
NOTICE: How Cain NEVER mentions the Constitutional argument in regards to TARP. That is because Cain is a problem solver, and not a Constitutionalist. He believes that is the Federal Governments job to solve problems, and doesnt beleive in a limited government where it would be restrained from addressing certain issues.
Cain in 2011 said; 'that he supported TARP before he knew what was in it'. In other words, had the TARP package been more to his liking he would have continued with his support of TARP. Again, the Constititon and limited government never enter into Cains mind.
In 2009 Tea-Party's around the country rid themselves of Big Gov Republicans through the primary process for no other reason than their support of TARP. Had Cain been in the legislature he would have certainly been primaried.
Our country is in dire straights because of our lack of respect for the rule of law and the Constitution. To get America back on track we need a Strict Constitutionalist in office. We need to return to the rule of law. When America embraces the Constition many of the problems we face today will be taken care of automatically.
Take a look at the articles below; the first is Cains written support of TARP in 2008, and the Second is from June 2011 where Cain says that his achillies heal could be his support of TARP.