FLASHBACK: In 2008, Herman Cain praised TARP, chided "free market" purists 

Coming off a debate performance that received rave reviews from Frank Luntz's panel, former Godfather's Pizza CEO Herman Cain now finds himself in the cross hairs. And Slate's Dave Weigel was fed some damaging oppo -- an October 2008 column in which Cain gave his full-throated support for the Wall Street bailout, the Troubled Asset Relief Program (TARP).

In the column, Cain wrote:

 

 

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.

But the mainstream media and the free market purists want you to believe that this is the end of capitalism as we know it. It is not for several reasons that they have conveniently not explained.

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Philip Klein

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