If Cain wins the GOP nomination—is he electable? Many Americans know very little about the man who has never held a position in public office.
Cain is better known as the former chairman and CEO of Godfather’s Pizza. Prior to his career at Godfather’s Pizza, Cain was the Chairman of the Board at the Federal Reserve Bank of Kansas City. Does this set off alarm bells for anyone? I can see millions of dollars going into Cain’s election coffer from banks frothing at the thought of an American president being in their back pocket.
Congressman Ron Paul (R-Texas) had issues with Cain’s comments about auditing The Federal Reserve. "Mr. Cain, in the past you have been rather critical of any of us who would want to audit the Fed. You have said -- you've used pretty strong terms, that we were ignorant and that we didn't know what we are doing, and therefore, there was no need for an audit anyway, because if you had one, you're not going to find out anything, because everybody knows everything about the Fed. But now that we have found and we have gotten an audit, we have found out an awful lot on how special businesses get bailed out -- Wall Street, the banks, and special companies, foreign governments. And you said that you advise those of us who were concerned, and you belittled -- you say call up the Federal Reserve and just ask them. ... Do you still stick by this, that that this is frivolous, or do you think it's very important? Sixty-four percent of the American people want a full audit of the Fed on a regular basis."
Cain denied making the criticism, but was told that his quote had been recorded.
Much has been heard of Cain’s 9-9-9 program. His plan would create a flat 9% personal income tax, 9% corporate tax, and 9% national sales tax. So would he also eliminate the corporate subsidies and tax credits? Would the tax breaks for the top 1% of America stay in place?
Imagine a president who would side with banks. Imagine a president who called people out on the street protesting for the survival of the middle class a bunch of, “un-American” and “jealous” people. “Don't blame Wall Street, don't blame the big banks, if you don't have a job and you're not rich, blame yourself!" Cain said. "It is not a person's fault because they succeeded; it is a person's fault if they failed. And so this is why I don't understand these demonstrations and what is it that they're looking for."
Is Cain out of touch with every day middle class people, or is Cain right?
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