View Full Version : Herman Cain Denninger: Herman Cain Announces: Tickerguy Challenges

05-21-2011, 04:09 PM
Herman Cain Announces: Tickerguy Challenges

Is KD unaware of Cain's support of TARP? He must be, because he didn't mention it in his challenge and, for KD, it would not only automatically disqualify him but he most definitely would have gone off about it in that piece.

I tweeted the article (http://004eeb5.netsolhost.com/hc133.htm) to @tickerguy, but I'm not sure he'll see it. Is anyone here a member at tickerforums? If so, please let him know in the comments.

It's cute how Cain is under the misguided impression that we even have free market capitalism here in the good old UFSA.

05-22-2011, 11:34 AM
Someone in the comments mentioned it, and kind of smack KD and the "Federationist" Cain supporters around at the same time. I'm surprised so few people know about it. Here I thought the tea party and conservatives in general were more about opposing anyone who supported TARP and the Fed's insanity than anything. How soon they forgot about the greatest theft of the people's money and the biggest scandal in the history of the (former) republic.

Icarus (http://market-ticker.org/akcs-www?singlepost=2558138):

How Herman Cain solved for "X" during the financial crisis of 2008:

The unprecedented financial crisis has caused the Treasury of the United States to take unprecedented measures to help solve the problem of frozen credit and cash flow for U.S. businesses...

Wake up people! Owning a part of the major banks in America is not a bad thing. We could make a profit while solving a problem...

The free market puristsí objection to this is that it smacks at government control of the banking industry, which is called nationalization. They are correct. It smacks, but it is not nationalization because that would require the government to own at least 51 percent of the entity for an indefinite period of time.
Unprecedented problems require unprecedented solutions. The actions by the Treasury are a win-win for the taxpayer...
These actions by the Treasury, the Federal Reserve Bank and the actions by the Federal Depositors Insurance Corporation (FDIC) are all intended to help solve an unprecedented financial crisis....

So, if a government bail-out is less than 51% of the equity, it is not "nationalization" and therefore is OK?

Federationist.org wrote..

Bailing out private enterprise in any form is theft from the taxpayer; those who demand such must be treated as thieves and prosecuted, not rewarded.

Also, "The Cain Doctrine"

You mess with Israel, you are messing with the United States of America. Itís that simple.


Can someone explain how the "Cain Doctrine" fits in with the Federationist platform, or the Constitution, or George Washington's Farewell Address?

George Washington wrote..

So likewise, a passionate attachment of one nation for another produces a variety of evils. Sympathy for the favorite nation, facilitating the illusion of an imaginary common interest in cases where no real common interest exists, and infusing into one the enmities of the other, betrays the former into a participation in the quarrels and wars of the latter without adequate inducement or justification. It leads also to concessions to the favorite nation of privileges denied to others which is apt doubly to injure the nation making the concessions; by unnecessarily parting with what ought to have been retained, and by exciting jealousy, ill-will, and a disposition to retaliate, in the parties from whom equal privileges are withheld. And it gives to ambitious, corrupted, or deluded citizens (who devote themselves to the favorite nation), facility to betray or sacrifice the interests of their own country, without odium, sometimes even with popularity; gilding, with the appearances of a virtuous sense of obligation, a commendable deference for public opinion, or a laudable zeal for public good, the base or foolish compliances of ambition, corruption, or infatuation.

Well said, George, well said.

Denninger hasn't updated his post or commented yet.

05-22-2011, 11:55 AM