I wish that was all. Its not. You could write a book just on how poor the coverage has been of the alleged housing bubble. The media have been foretelling a massive bust in housing prices for months now. On May 19, ABCs Elizabeth Vargas said: The run up in housing prices is now beginning to look something like the boom in Internet stocks, and we know what happened there. That kind of ignorance makes homeowners fear that their most expensive possession could turn worthless overnight.
Oops!
Also he was a big bailout supporter (surprise) and tried to backtrack when it was clear it would be a major problem for his Prez bid.
Thats what I thought... failing to predict the housing crash?
First of all, lets keep in mind what the article was about... MSM slanting of the news. Was the MSM blaming Bush? or were they pointing to the real culprit which was Fanny May/ Freddie Mac???
Second, you seem to be faulting Cain for not being able to predict the future.
NOW... if you have some evidence that Cain sheltered or defended Fannie May/Freddie Mac (such as him supporting the community re-investment act) THEN you will have something.
If you can point me to where Herman Cain suggested that federal involvement in private industry was ok, THEN I will be convinced. I certainly don’t read Cain as a big government kind of guy, and you and me both know that it is Big Government which brought on this housing bubble and crash... 3 YEARS AFTER your “devastating” article by Herman Cain.
>>> Also he was a big bailout supporter
SHOW ME.... I want to see it. If it’s true, I won’t defend Cain... i’ll be in your corner.