The Skinny on Cain..
Former Federal Reserve Chairman:
In a time when the Tea Party is prominent and people are waking up more and more to the uncontrolled Federal Reserve, the banker bailouts, the sky rocketing inflation, the banker foreclosure crisis, and the tinkering economy, it is not very wise for people to choose a former Federal Reserve Chairman as President. This is the last credential one would want to see on a candidates resume at a time like this. However, Herman Cain was the Kansas City Fed Chairman between 1992-1996. Cain's fealty to Greenspan, although standard at the time, is potentially more problematic for him. That's because in the mid-1990s Greenspan was anything but hawkish. "In 1995-'96, Greenspan was to the left of the Democratic appointees on the Federal Reserve Board," noted Brad DeLong, an economics professor at the University of California-Berkeley. "Greenspan was the big inflation dove then. He was the left-most member of the Federal Reserve then and by simple force of character drove the policies that pushed through the dot-com boom."
This is a totally critical association that people need to wake up to before voting for Herman Cain.
Herman Cain is Against Congress Auditing the Federal Reserve:
999 Plan Adds a New Tax:
It is horrible because it add a NEW TAX while only lowering the existing taxes. Instead of abolishing other taxes and implementing the new tax, he adds a new tax promising it will only stay at 9%. History has proven that these new taxes do not stay at the initial percentages used when selling the tax and quickly jump to 20%-30%. The income tax was initially only supposed to be 1-2% but now it is 20-30% (estimate). For you Christians out there, I don't know if you feel comfortable that 999 upside down is 666 - I had a couple people mention that this made them feel uncomfortable at the GOP Straw Poll in Florida.
Supported TARP:
Cain wrote an article supporting TARP. Here is the link to the article. Can we trust anyone who folds like a blade of grass giving billions and trillions of dollars to whomever wants it? I think not. Here is an article where he admits his support for TARP could be a problem. Here is a video where Cain was confronted about his support for TARP.
In a time when the Tea Party is prominent and people are waking up more and more to the uncontrolled Federal Reserve, the banker bailouts, the sky rocketing inflation, the banker foreclosure crisis, and the tinkering economy, it is not very wise for people to choose a former Federal Reserve Chairman as President. This is the last credential one would want to see on a candidates resume at a time like this. However, Herman Cain was the Kansas City Fed Chairman between 1992-1996. Cain's fealty to Greenspan, although standard at the time, is potentially more problematic for him. That's because in the mid-1990s Greenspan was anything but hawkish. "In 1995-'96, Greenspan was to the left of the Democratic appointees on the Federal Reserve Board," noted Brad DeLong, an economics professor at the University of California-Berkeley. "Greenspan was the big inflation dove then. He was the left-most member of the Federal Reserve then and by simple force of character drove the policies that pushed through the dot-com boom."
This is a totally critical association that people need to wake up to before voting for Herman Cain.
Herman Cain is Against Congress Auditing the Federal Reserve:
In the first part of this video Herman Cain shows
his position on the Federal Reserve and whether or not we need to audit it. He
obviously doesn't understand that Congress is the body which has authority in
the Constitution to issue money and appropriate funds. Later, after receiving
tons of flak from Audit the Fed supporters, Herman Cain flip flops and starts
supporting Ron Paul's auditing of the Fed. This shows that in a matter of weeks
he flips flops on the most important issue our nation is facing today - the
economy and sound money policies. Because of this flip-flopping and his past
time as a Federal Reserve Chairman, it is pretty obvious we cannot trust Herman
Cain to do anything about the Federal Reserve if elected president. Here is the
video.
999 Plan Adds a New Tax:
It is horrible because it add a NEW TAX while only lowering the existing taxes. Instead of abolishing other taxes and implementing the new tax, he adds a new tax promising it will only stay at 9%. History has proven that these new taxes do not stay at the initial percentages used when selling the tax and quickly jump to 20%-30%. The income tax was initially only supposed to be 1-2% but now it is 20-30% (estimate). For you Christians out there, I don't know if you feel comfortable that 999 upside down is 666 - I had a couple people mention that this made them feel uncomfortable at the GOP Straw Poll in Florida.
Supported TARP:
Cain wrote an article supporting TARP. Here is the link to the article. Can we trust anyone who folds like a blade of grass giving billions and trillions of dollars to whomever wants it? I think not. Here is an article where he admits his support for TARP could be a problem. Here is a video where Cain was confronted about his support for TARP.
Herman Cain's Enron-Type Corruption Scandal:
Herman Cain often mentions how he is such a great businessman and that we should put a businessman in the White House. Would you put a corrupt businessman in the White House? Herman Cain was involved in illegal actions when on the Aquila Board of Directors defrauding millions of dollars in stock from the Aquila shareholders. This scandal was likened to an Enron-esque Disaster that has Herman Cain's management fingerprints all over it. Why would we trust a guy who oversaw such a corrupt and fraudulent operation? Here is the link to the story.
Admits His Own Plan Won't Work:
Here is a video where Herman Cain admits his plan won't work. Why then would we trust this guy to fix the problems we are in?
Previously Endorsed Moderate Mitt Romney:
Back in 2008, Herman Cain endorsed Mitt Romney. He has establishment written all over him. Since Cain's political record is so unclear, I don't think it is wise to vote for someone unknown who also endorsed Mitt Romney. If he endorsed a conservative or someone more credible than Romney, it wouldn't be as much of a red flag, but Romney is highly controversial in conservative circles. Cain clearly shows his true colors with this endorsement. Here is Herman Cain's own letter why he supported Mitt Romney.
Has No Plan for Afghanistan:
Given that we are in a war and our nation needs a better strategy or simply an all-out withdrawal from our current wars, Herman Cain admits he has no plan for Afghanistan. This was Cain's response to Chris Wallace when asked about his plan: "The right approach is: the day I'm elected president, I will start on that plan such that the day I was sworn in, I will be able to implement the plan." This is absolutely horrendous. A presidential candidate needs to have thought these things out before deciding to run for office. Here is the transcript.
Supports the Patriot Act:
The fourth amendment of the US Constitution clearly prohibits warrant-less searches and guarantees that Americans have the right to be secure in their persons and papers. Yet Herman Cain supports spying on American citizens without due process and supports the Patriot Act. We cannot trust a man who is not 100% loyal to the Constitution. Here is the link to the article.
Bad for America
