Republican presidential candidate and former Godfather's Pizza CEO Herman Cain admitted to MSNBC's Chuck Todd October 12 that he had "missed" the housing bubble and 2008 financial collapse.
"What I missed in 2005 was just how bad Fannie Mae and Freddie Mac had distorted the housing market," Cain told Todd. "I honestly did not realize just how bad it was, just how bad the whole bundling and derivatives thing was, and that we were on the brink of a total financial meltdown. So I learned later on by looking into it deeper that the situation was a lot worse than I thought in 2005."
As late as September 1, 2008, Cain wrote that the economy seemed to be on solid ground: “The supposed failure of Bush's economic policies has been a constant theme of the Democrats since the 2006 elections, when the Democrats regained control of the House and Senate by convincing enough of the voters that the economic sky was falling, and that the war in Iraq could not be won. Based on all of their convention speeches, they plan to continue those themes right through Election Day on November 4.” Wall Street giant Lehman Brothers filed for bankruptcy just two weeks after Cain's column was published, and President Bush subsequently began pushing for the TARP bailout bill (a bill also backed by both then Senator Barack Obama and Herman Cain).
The political climate surrounding the GOP presidential nomination has changed dramatically over the course of the last few months. Months ago, when Texas Governor Rick Perry entered the race, he virtually skated into the frontrunner position. However, in the weeks that followed, and after a few failed debates, Perry has quickly fallen, and former Godfather Pizza CEO Herman Cain has emerged as a new top tier candidate. In fact, according to a new poll, Cain is the man to beat at the moment.
Fox News reports on Cain’s quick and unpredictable ascension to popularity, “Herman Cain’s star has risen steadily in the past two months, from a largely unknown CEO running for president to a top-tier candidate in the Republican field for 2012 — and now voters even rank him above the presumed front-runner Mitt Romney, in a poll released Wednesday evening.”
According to that poll, by the Wall Street Journal/NBC News, Cain now has 27 percent of Republican primary voters, while Romney is supported by 23 percent of Republican primary voters. Rep. Ron Paul was the only other candidate in that poll to receive double digit approval, with 11 percent.
Ron Paul just scored another victory in his campaign for the presidency. Just last year, the Texas congressman barely even registered in the Values Voters Summit straw poll. This year, however, with 37 percent of the vote, he didn’t just walk away with it; he left second place contestant Herman Cain in the dust. With 23 percent of voters backing the latter, Paul beat Cain by a full 14 percentage points.
Long time self-avowed “social conservative” Senator Rick Santorum came in at third place with 16 percent.
This is as ironic a twist of events as it must be exasperating for Santorum: It is Santorum, most definitely not Paul, who is supposed to be “the values voters’” candidate. In fact, to hear the former Pennsylvania Senator tell it — and he spares no occasion to tell it — “values voters” are his main body of support. If the media was as interested in marginalizing Santorum as they are in doing the same to Paul, “values voters” would be known simply as “Santorum people.” Yet Paul defeated Santorum not only among the latter’s “people”; he defeated him by a vast margin.
Even as I write this, already the masters of GOP spin are laboring inexhaustibly to reduce the significance of Paul’s achievement. It isn’t, though, that they are diligently in search of ever more ingenious ways by which they can explain away Paul’s viability. There are no ingenuous explanations in the coming to this effect. Moreover, there aren’t even many disingenuous explanations. Rather, there are essentially two strategies of which Paul’s detractors continually avail themselves to dismiss him:
After losing several dramatic battles this year, Wisconsin Democrats and “Big Labor” announced this week that they are getting ready for the next fight: attempting to recall Republican Governor Scott Walker. The two-month petition drive will start on November 15.
Outraged over Walker’s successful campaign to rein in government-sector unions and balance the state budget, big-government activists have been on the warpath for months. And Democrats, whose political campaigns rely heavily on labor-group contributions, do not plan to give up easily.
"It has become clearer than ever that the people of Wisconsin — the traditions and institutions of our great state — cannot endure any more of Scott Walker's abuses," claimed Wisconsin Democratic Party boss Mike Tate in a statement, noting that there was only a month left to “organize, train and fund an army of volunteers.” He also blasted Gov. Walker’s efforts to curtail public servants’ collective-bargaining privileges.
Announcing the decision on MSNBC's The Ed Show, Tate acknowledged that the campaign would be “tough” — especially because Gov. Walker could raise up to $70 million for the battle. But the Democratic Party and its union allies appear confident.
Recent polls and last night’s debate in New Hampshire indicate that there is in fact a new top tier among Republican primary contenders: former Massachusetts Governor Mitt Romney, Godfather Pizza CEO Herman Cain, and Texas Congressman Ron Paul. It’s clear that despite the best efforts of the Establishment and the mainstream media, Paul steadfastly remains a top-tier candidate in New Hampshire. A recent Harvard University Institute of Politics and New Hampshire Institute of Politics at Saint Anselm College poll shows that Paul remains in third place with 13 percent of the vote.
As New Hampshire is the traditional first primary state, the poll figures are significant, particularly as Rick Perry has plummeted to fifth place alongside Jon Huntsman, both of whom earned four percent. Mitt Romney — who enjoys what amounts to "favorite son" status in New England — continues to lead with support from 38 percent of those who were polled, followed by Herman Cain, with 20 percent approval.
Paul is trailed by Newt Gingrich, who received five percent. Behind Perry and Huntsman is Michele Bachmann, with three percent approval, followed by Gary Johnson and Rick Santorum, both tied with one percent.
Years ago it was easy to be a racist. All you had to be was a white person using some of the racial epithets that are routinely used in song and everyday speech by many of today's blacks. Or you had to chant "two, four, six, eight, we don't want to integrate" when a black student showed up for admission to your high school or college. Of course, there was that dressing up in a hooded white gown. In any case, you didn't have to be sophisticated to be a racist.
Today all that has changed. Rep. Charles Rangel, D-N.Y., pointed that out back in 1994 when the Republican-led Congress pushed for tax relief. Rangel denounced Republicans' plan as a form of modern-day racism, saying, "It's not 'spic' or 'nigger' anymore. (Instead,) they say, 'Let's cut taxes.'" That means the simple use of the N-word is not enough to make one a racist. If it were, blacks would be the nation's premier racists. Today it's the call for tax cuts that makes you a racist. That's why the "tea" party, short for "taxed enough already," is nothing more than organized racists. What makes tea partyers even more racist is their constant call for the White House and Congress to return to the confines of the Constitution.
Washington Post reporter Karen Tumulty tried to get Republican presidential candidates in the October 11 New Hampshire debate to agree with the left-wing consensus that Wall Street suddenly and inexplicably went insane and greedy all at once during the 2008 housing and financial crash. Republicans were also asked to echo leftist calls for jailing stockbrokers, but if Tumulty hoped for ideological consensus, she left the Dartmouth College debate table disappointed.
Minnesota Representative Michele Bachmann began with an attack on the federal government for creating the sub-prime market crisis through Fannie Mae and Freddie Mac subsidies, the Community Reinvestment Act (CRA) regulations, and "artificially low interest rates" through the Federal Reserve Bank.
Former House Speaker Newt Gingrich followed, launching into a vitriolic attack on the Federal Reserve Bank, and referring to "Occupy" protesters in various cities across the nation:
If they want to really change things, the first person to fire is Bernanke, who is a disaster as a Chairman of the Federal Reserve.... Bernanke has in secret spent hundreds of billions of dollars bailing out one group and not bailing out another group. I don't see anybody in the news media demanding the kind of transparency at the Fed that you would demand in every other aspect of the Federal government. And I think it is corrupt and it wrong for one man to have that kind of secret power.
Under a new European Union (EU) edict on toy safety, unsupervised children below the age of eight will no longer be permitted to blow up balloons due to choking hazards, according to Britain’s Daily Telegraph. Balloons and other toys — including magnetic fishing games, toy lipsticks, and recorders — have been added to the expanding catalog of Euro Zone regulations that are further empowering the region’s nanny state government.
The directive’s official guidance reads: "For latex balloons there must be a warning that children under eight years must be supervised and broken balloons should be discarded." Further, the EU’s legislation uplifts restrictions on the loudness of noisy toys, like rattles or musical instruments; likewise, all teddy bears marketed for children under three-years-old must be fully washable, as to prevent spreading of diseases and infections. Critics note that such regulatory authority means the popular "Lots O’ Hugging Bear" will be facing a ban if it does not undergo strict and costly new guidelines.
Despite their decades of entertainment, party toys such as small whistles and magnetic fishing games will be regulated, and possibly banned, because of small parts or dangerous chemicals that are allegedly hazardous to children’s health. Indeed, the popular "paper tongue" whistle blowers, commonly used at birthday parties, are now "unsafe" for all children under the age of 14, due to the possibility of a child swallowing and choking on pieces of the whistle.
Which of the "top-tier" presidential candidates is the most honest and intelligent, and has the most solid philosophy of government, in the view of the average American? Hold on to your hats: It’s Barack Obama, according to the latest survey by trusted evangelical pollster George Barna. Ignoring all other candidates, the survey in early September queried the attitudes of 1,010 randomly selected adults on the perception of the honesty, intelligence, philosophy of government, and leadership ability of President Obama and the two “leading Republican candidates”: Rick Perry and Mitt Romney.
Somewhat surprisingly, Obama scored higher than both Romney and Perry on all factors except leadership, with Romney besting the President on perceived leadership ability and Perry tying Obama in that category. Additionally, while the margins were small, Romney outscored Perry in all categories.
Overall, Obama received the highest score for perceived honesty, with 24 percent of respondents rating him “excellent” in this category and another 24 percent calling him “good.” By comparison, only nine percent of respondents gave Romney an “excellent” on honesty, with another 27 percent saying he was “good.” Bringing up the rear was Perry, with only six percent giving him an “excellent” and 25 percent a “good.”
No political maxim is more universally accepted as truth than that the right to vote is sacrosanct. In a free society where the people are the ultimate sovereigns and where the electoral will of the people is manifest through the casting of ballots for representatives who will make laws on behalf of them, there can be nothing more vital than the protections placed around the franchise and the assurance voters have that this essential expression of their will is never tainted.
If the above is accepted as true, then the perpetuation of the American Republic is in peril.
To understand the scope of the threat to U.S. elections, one must keep the following fact in mind: Almost all voters in Georgia, Maryland, Utah, and Nevada, and the majority of voters in New Jersey, Pennsylvania, Indiana, and Texas, will cast their ballots using electronic voting devices on Election Day in 2012.
Now follows the chilling report published in Salon: "Voting machines used by as many as a quarter of American voters heading to the polls in 2012 can be hacked with just $10.50 in parts and an 8th grade science education."
This is the fragile state of affairs according to the computer science and security experts employed at the Vulnerability Assessment Team at Argonne National Laboratory in Illinois.