Tea partiers didn't like the financial bailouts, either, and the former CEO has harmed his problem-solving brand by sticking up for big banks
On Hugh Hewitt's radio show Wednesday, former CEO Herman Cain offered more criticism of the Occupy Wall Street protestors, saying that it almost makes him angry to see their street rallies. "Blaming Wall Street and blaming big banks, and blaming those that have succeeded in America under our free market system is never going to make you happy, and it's never going to make you rich," he said. "If you really want to do something to create jobs in this country, why don't you go and picket the White House. That's why where we have failed economic policies. That's where we have policies that have kept unemployment up over 9 percent. You're picketing the wrong source. It's not those that have produced in this country. It's the failed policies of this administration."
One reason this critique of Occupy Wall Street may not resonate with voters it that it's factually inaccurate. President Obama's policies, love 'em or hate 'em, didn't create the financial crisis, and the firms of Wall Street, love 'em or hate 'em, don't just encompass "those that have succeeded in America under our free market system." As any number of tea partiers can attest, a lot of those Wall Street firms exist today only because Presidents Bush and Obama used taxpayer money to bail them out when decisions they made in the free market resulted in trillions of dollars in losses. Strange that Cain, a tea party favorite, totally ignores that aspect of recent history, along with the revolving door between Wall Street and the executive branch, the fact that various mortgage backed securities invented during the housing boom didn't in fact produce anything in this country other than a bubble, and that some firms were guilty of criminal activity.