Still a big Cain supporter here. But I’ve gone on record here many a time saying I am watching this as others watch professional sports. Whoever wins in November, we’re in a world of hurt that will just have to play out badly. Even if that winner is Obama. Or Cain. And, frankly, I can’t get past my niggling belief that only a fool would WANT to be president during the greatest collapse in the history of mankind.
Cain supported the Troubled Asset Relief Program (TARP) bank bailouts as a way to revive the economy, viewing it as an investment opportunity for the taxpayers. In a 2008 editorial, Cain wrote, “Owning a part of the major banks in America is not a bad thing. We could make a profit while solving a problem.”[1]
In May 2011, regarding his TARP support, Cain said, “I don’t have any regrets . . . I studied the situation. I didn’t have trouble with the idea; I had trouble with its implementation, picking winners and losers.”[2]
In October 2011, Cain said he does not believe in the concept of “too big to fail” and has stated that he did not agree with the bailouts of “JP Morgan and the big banks on Wall Street”.[3]
Affirmative action
Cain supports ensuring that minorities receive the same opportunities as non-minorities. He does not agree with a “quota” style affirmative action system, which he believes gives an advantage to minorities simply because they are a minority.[38]
Which is exactly why we MUST HAVE an experienced President with nearly 40 years of experience in running this Government as well as a strong ability in Foreign Affairs.
Simply hiring advisers to handle this mess, because the candidate is too ignorant to understand it for himself, is a guaranteed disaster.