Herman Cain Art Laffer, Cain's 999 'genius' and defender, humiliated by Peter Schiff [VIDEO]

agaiziunas

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Found this on Youtube today after debating Cain's 999 debacle on a local Tea Party FB group. They all think Art Laffy Taffy is all that. Well, here's some proof he's a complete moron.

Art Laffer, the primary defender of Cain's 999 plan and "super genius economic advisor" gets completely destroyed by Peter Schiff, one of Ron Paul's boys...

http://www.youtube.com/watch?v=JezjEgJ34rE
 
I saw that. I sent the following question into CNN over the last debate, they didn't ask it. I would love to hear his response to this:

Mr. Cain, when people like Ron Paul were predicting a housing market crisis in 2005, you said, “that kind of ignorance makes homeowners fear that their most expensive possession could turn worthless overnight. That won’t happen.” Then, when it DID happen, you supported TARP and the bailout of the bankers, not the homeowners. After that proved a disaster, you said, "I thought TARP was going to be an opportunity for the government to allow any bank that needed to to restructure its balance sheet. But it didn't. It only picked its friends." Can you argue that these are not two substantial examples of major economic shortsightedness, and why should we trust your visions for the economy moving forward?
 
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