Now that Herman Cain has become a top-tier presidential candidate for the Republican nomination, he is receiving a greater degree of scrutiny than ever before. And that includes efforts by the mainstream media to do what they do best to conservative candidates: prove somehow that said candidates are unfit to serve.
First it was MSNBC’s Lawrence O’Donnell playing the role of the white liberal lecturing Herman Cain on what it means to be black. Now it’s Chuck Todd wondering what did Cain know and when did he know it…about housing bubbles.
During an October 11 interview (minute 4:58) on MSNBC, Chuck Todd said to Cain:
This is something you wrote in 2005, saying, arguing that there was no housing bubble. You wrote this in 2005, in Business and Media Institute, you said, “Coverage of the Bush economy reads like a collection of Democratic Party press releases, calling a strong economy everything from struggling to volatile or dicey. That kind of ignorance makes homeowners fear that their most expensive possession could turn worthless overnight. That won’t happen.”
Cain said he didn’t know “just how bad Fannie Mae and Freddie Mac had distorted the housing market.”
The implication is that Herman Cain is not fit to lead America into economic recovery because he didn’t see the bubble before it burst. But if failing to recognize the housing bubble and its causes is a disqualifier, then virtually all presidential candidates would be ineligible, including President Obama.
The housing bubble was real, . . .
Read the rest here.
Date: October 17th, 2011 @ 05:32