TARP backer Herman Cain announces presidential bid

Herman Cain, who went on record on recently opposing an audit of the Federal Reserve, launched his incredibly long-shot bid yesterday in the Republican presidential primary for 2012, becoming the first person to announce their candidacy:

Conservative talk radio host Herman Cain on Wednesday announced the creation of a presidential exploratory committee.

The former Godfather’s Pizza CEO created a website with a message to potential supporters and links to donate money.

“Fellow patriots, now more than ever, we must come together to take a stand for the future of America,” he writes. “I make this promise to you as I deliberate the ways in which I can do my part to restore and protect the American Dream: I would be the voice of the American People. I will keep you in my thoughts and prayers. I ask you to do the same for me.”

Should he decide to formally enter the race, Cain would be considered an extreme long shot for the GOP nomination.

When Cain redesigned his website, he scrubbed the articles where he endorsed the TARP bailout, or the “recovery plan,” as he called it on his radio show. In the articles - you can read them here and here - Cain wrote that nationalizing banks “is not a bad thing.” He even went as far as criticizing opponents of the bailout, calling them “free market purists” and absurdly claiming that no valid criticism had been brought forward.

Those are not the words of a free market, tea party conservative. They are the words of someone that defers to government when it comes to matters of principle.


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