Turns out that corporate Horatio Alger story turned pizza guru turned lobbyist turned Federal Reserve banker turned talk radio pundit turned politician Herman Cain has written few pieces about the economy over the years.
Hey, who hasn't, right?
His unique blend of education, skills and experience didn't seem to give him much in the way of a clue, though.
You could write a book just on how poor the coverage has been of the alleged housing bubble. The media have been foretelling a massive bust in housing prices for months now. On May 19, ABCs Elizabeth Vargas said: The run up in housing prices is now beginning to look something like the boom in Internet stocks, and we know what happened there. That kind of ignorance makes homeowners fear that their most expensive possession could turn worthless overnight.
That wont happen. - Herman Cain, 2005.
That's one mighty big train the Cain didn't see coming.
Well, hey. Who did, right?
(circa mid 2001)
Sigh. Apparently nobody wants to vote for a guy who has always been right about absolutely everything, though, because his supporters are always such insufferable know-it-alls. Admitting they're right would mean admitting they're right. And besides, Ron Paul isn't nearly as polished and articulate. We're far too conditioned by the omnipresent perfection presented by television to accept any superficial flaws in our candidate. Philosophy runs a distant second to charisma in the TV nation.
Besides, it's easier to pretend that any of the other "top tier" candidates will represent real, permanant change than it is to acknowledge that we are in serious trouble, and it has more to do with Socialism than Sharia. Like spoiled children, we're not really anxious to admit that there's hard work that needs to be done in our country, and nobody else is going to do it for us. Nobody can.
Nope. Lalalala - We can't hear you. All we have to do is elect the guy with the nice smile, the guy who makes us feel good and victorious instead of making us own up to our mistakes, the guy that hates all the same people we do, then we can go back to grudgingly working for the taxman and believing that it will all work out in the end.
The upcoming financial avalanche continues to build.