© 2011 Herman Cain Loves TARP. Developed by AttackWatch
AttackWatch?
A FReeper linking to an AttackWatch site? Hmmmm....
No virus there, and nothing about "Attack watch" either -- just the truth:
About TARP:
The Troubled Asset Relief Program (TARP) is a program of the United States government to purchase assets and equity from financial institutions to strengthen its financial sector that was signed into law by U.S. President George W. Bush on October 3, 2008. It was a component of the governments measures in 2008 to address the subprime mortgage crisis.
Herman Cains position on TARP:
On October 20, 2008, Herman Cain wrote, in an article in North Star Writers Groups Herman Cain column #133, that 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.
So, as President Cain, would Herman look into investing in toxic industries an assets to make a profile while solving a problem? Where would you draw the line in your administration?
The auto industry asked for $50 billion dollars worth of bailouts from the US Government in September 2008 for healthcare expenses and to avoid bankruptcy while Congress worked out a $25 billion dollar loan. Chrysler filed for bankruptcy protection May 1st, 2009 and General Motors filed a month later. Herman Cain, would you still support bank bailouts through the TARP program and government intervention in the automobile industry, when the US taxpayers lost over $11 billion dollars by bailing out General Motors?
Wake up, Herman Cain! Owning a party of a major corporation IS a bad thing! We took a LOSS and didnt make a profit while trying to solve a problem!
What makes Herman Cain any different than a liberal or so-called conservative that uses the US Government to write them check or give them a loan for their bad business behavior that is causing a loss to company stock, that is causing people to lose jobs, etc.? The whole part about the Tea Party political group, that Herman Cain affiliates himself with, so amazing because it makes people and businesses accountable for their own behavior and business practices rather than relying on the US Government and taxpayers to bail them out when they are having problems.
So Herman Cain, would you have supported the automobile industry bailout when you supported the Troubled Asset Relief Program, citing it as an investment?
I honestly believe that you would support such an action, because like with TARP, it rewards business owners like you with a second chance to turn your business around. All the major automobile manufacturers were realizing they were having issues, such as uncontrolled healthcare costs and the costs associated with unions, and ignored those problems until it got to the point of asking the US Government for a handout much like with TARP. The banks and financial institutions knew they were handing out risky loans and giving homes to potential homeowners who the banks knew could not afford the homes.
Mr. Cain, you need to clear your stance on TARP because when you are put on the spot about it, you seem to avoid the question and play the blame game, such as you claiming that Ron Paul sends out an individual to harass you about your stance on auditing the Federal Reserve. Just make a firm stance on a position and keep repeating it. Are you going to support auditing the Federal Reserve or are you going to tell one group one thing while telling another group another thing? Are you going to still support TARP, even now when its a catastrophic failure, or continue to evade the question?
Herman Cain, your supporters do not realize it, but most people realize you are a Rick Perry style wolf hiding underneath your Tea Party sheep clothing.
http://hermancaintarp.com/about-herman-cain/herman-cain-supports-tarp/
http://www.google.com/#sclient=psy-ab&hl=en&source=hp&q=Herman+Cain+Tarp
Have a nice day.
You mean this site?
"The most effective way to criticize Barack Obama is with video from years ago or in Barack Obamas own words."
So were you born stupid or did you have to study at home to perfect it?