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[Excerpt on Cain from the New American:]Cain burst into the sotilpght after ?pollster? Frank Luntz held a ?focus group? purporting to show that the ex-pizza-chain boss was popular following a Fox News Republican primary debate. But digging a little deeper than the heavily criticized Luntz analysis, which commentators have labeled a ?fraud,? reveals that there is much more to Cain than pizza and conservative sound bites.In fact, the radio talk-show host and failed Senatorial contender has taken numerous positions that fly in the face of traditional conservative principles. For example, in 2008, Cain blasted ?free market purists? in an opinion column for opposing the $700 billion banker bailout known as TARP. ?Wake up people! Owning a part of the major banks in America is not a bad thing,? he wrote, claiming opposition to the plan stemmed from ?economic illiteracy.? In the piece, Cain praised the actions of the Federal Reserve and the Treasury while saying ?Congress needs to just shut up? for the ?collective actions to work.? The U.S. Constitution was never mentioned. Cain also served as the Chairman of the Kansas City Federal Reserve Bank during the mid '90s, emerging as a vocal defender of the central banking system. During a radio interview, he insisted that the Fed is not unconstitutional because it was created by congressional statute.
by Imran 05:45:43 PM 2012.02.26 |
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