Herman Cain on Government Reform
Republican Businessman & Talk-Show Host
A: As President, I would reduce the regulatory authority of executive agencies in order to ease burdens on businesses. I would limit the EPA, Department of Energy and other executive agencies from getting in the way of businesses. A President Cain would lower the regulations that the government puts on businesses and cut through all possible bureaucracy.
Q: You see the E. coli scare that's going on in Europe right now. You're trying to cut money. The FDA, other agencies that get involved in that are in front of you. What do you do?
CAIN: You look inside the FDA and determine whether or not it needs to be streamlined, and maybe it does.
Q: But should the federal government be doing food safety inspections?
CAIN: The federal government should be doing food safety, yes.
PAUL: There shouldn't be any government assistance to private enterprise. It's not morally correct; it's illegal; it's ba economics.
Q: Mr. Cain, you initially supported the TARP program?
CAIN: I studied the financial meltdown and concluded on my own that we needed to do something drastic, yes. When the concept of TARP was first presented to the public, I was willing to go along with it. But then when the administration started to implement it on a discretionary basis, picking winners and losers and also directing funds to General Motors and others that had nothing to do with the financial system, that's where I totally disagreed. The government should not be selecting winners and losers, and I don't believe in this concept of too big to fail. If they fail, the free market will figure out who's going to pick up the pieces.
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Mayor Rudy Giuliani(NYC)