Considering his support for TARP. Cain is finished, just no one has informed him yet.
Speak for yourself about his being finished due to his support for TARP. I support him. I know he supported the original concept of TARP: rather than underwriting worthless mortgage securities, the idea was to buy bank equity to prop them up financially. Later the program morphed into buying GMAC, AIG and a few other entities none of whom were mentioned during the law enacting practice.
I believe he did not support any of the 2 stimulus packages and had he done that, that would be a death blow to my support. The guy is on the right side of probably 95% of the issues even counting TARP as not correct. He is also in favor of the fair tax, a big one in my book.
Folks, we need to get over ourselves with TARP. It was a controversial issue with many conservative economist thinking it might be needed. Many conservatives with far greater conservative credentials than the average FREEP poster I might add. I’m not supporting it, I’m just putting it in perspective.
Besides, it has been paid back and with a big profit by almost every entity except Fannie and Freddie and GMAC.
Obama Care is litmus test. Stimulus is a litmus test. TARP as a litmus is just plain ridiculous. You would wipe out half the remaining folks from Reagan’s cabinet with that mindset.
“Considering his support for TARP. Cain is finished, just no one has informed him yet.”
Pro-TARP, pro-Romney. I’m very disappointed to scratch him off my list of possibilities.
Whatever.
Who's your ticket to success in 2012?