September 12, 2011 by Bob Livingston
Education: Bachelor’s degree in mathematics from Morehouse College, M.S. degree in computer science from Purdue University.
Professional: He was a (civilian employee) mathematician for the U.S. Navy; business analyst for the Coca-Cola Co.; executive at Pillsbury’s Burger King Division Chairman and CEO of Godfather’s Pizza; CEO and president of Digital Restaurant Solutions; CEO, president and later chairman of the board of the National Restaurant Association; member of the board of directors for numerous corporations; founder of T.H.E. New Voice Inc.; member of the board of directors of the Federal Reserve Bank of Kansas City 1992-1996 (and chairman 1995-1996); radio talk show host; and Baptist minister.
Family: Married with two children.
Political: While with the National Restaurant Association, lobbied against the 1993-1994 Clinton healthcare plan. Served as senior economic adviser to the Dole/Kemp Presidential campaign in 1996. Ran unsuccessfully for the Republican Presidential nomination in 2000 and the U.S. Senate in Georgia in 2004.
State of residence: Georgia
Campaign website: http://www.hermancain.com/h
While Cain’s tough-sounding talk and performances in debates have garnered him some attention, he continues to lag in most polls. Maybe that’s because smart conservatives recognize a RINO when they see one.
Cain has tremendous executive experience. And his rags-to-riches story is inspiring. After all, he grew up in Atlanta during the 1950s and 1960s. His father worked three low-paying jobs and his mother was a “domestic worker.” He fulfilled his parents’ dreams of graduating from college and making a better life for himself at a time of great discrimination. But he has taken positions on bailouts that should make him anathema to people who believe in a smaller, less-intrusive government.
In October 2008, Cain wrote a column in which he praised the idea of bailing out the banks through the Troubled Asset Relief Program (TARP) because, “Owning a part of the major banks in America is not a bad thing. We could make a profit while solving a problem.”
He also mocked those opposing the bailouts — in other words, those who consider themselves Tea Party members — as “free market purists” and called them economic illiterates. He wrote, “Earth to taxpayers! Owning stocks in banks is not nationalization of the banking industry. It’s trying to solve a problem.” If that’s not an insult directed specifically at Tea Partiers, I don’t know what is. Then he turns around and claims the mantle of Tea Party candidate. In 2011, Cain doubled-down on his support of TARP saying, “I don’t have any regrets.”
It’s really not surprising that he would support having the Federal Reserve printing money to bail out his bankster friends. After all, he spent four years as part of the inflation-creating, wealth-sapping Federal Reserve cabal. So it’s also not surprising that he opposes auditing the Federal Reserve. He really doesn’t want Americans learning about the insidious nature of the Fed’s contributions to banksters around the globe, all to the detriment of the people he’s begging votes from.
Cain has long been a supporter of the Fair Tax, a reform that would supposedly replace the entire tax code with a national sales tax. It would also turn every business in America into a tax collector, is regressive and would not fix the problems in Washington, D.C., but would merely make it easier for the government to raise taxes.
But rather than campaign on his past Fair Tax stand, Cain’s campaign platform says he supports tax cuts and elimination of the death tax and he opposes tax credits “with some exceptions.” He recently revealed a new 9-9-9 tax plan that is a version of a flat tax.
If you’re a member of the “anybody but Mitt Romney” crowd, Cain is not your man either. In 2008, Cain endorsed Romney for President — the same Romney who authored Romneycare in Massachusetts but is now running from it, and has flip-flopped on issues like abortion, Federal mandates, gun control and bailouts.
Cain has another problem: his mouth. He’s been known to shoot it off without knowing what he’s talking about, as in the time he quoted what he claimed “was a section in the Constitution” that was actually from the Declaration of Independence. And when he gets called on his missteps, he likes to call the reporters who quoted him “idiots.” He’s also not averse to dropping the “R” word when it suits him. He claims Jon Stewart was a racist for mocking Cain’s pledge that no bills passed under his Presidency will be longer than three pages.