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Press Release - Cain & Perry Deny Support for Wall Street Bailouts, But Their Own Words Say Quite the Opposite

October 18, 2011

Verona, PA - At the Las Vegas CNN Republican Presidential Debate, former Senator Rick Santorum (R-PA) called out the flip-flopping of both Governor Rick Perry (R-TX) and Herman Cain (R-GA) on their support of the 2008 Wall Street Bailouts.

While both Governor Perry and Mr. Cain suggest they did not support TARP/Wall Street Bailout, their words either during the 2008 congressional debate or immediately following the 2008 congressional debate speak to the contrary.

GOVERNOR PERRY'S LETTER URGING PASSAGE OF THE WALL STREET BAILOUTS IN 2008

On October 1, 2008, Governor Perry and then-Governor Joe Manchin (D-WV) wrote a letter to the Congressional Leadership in support of the bailout. Please find a copy of this letter in the link below:

http://tinyurl.com/3tey52p

MR. CAIN'S OP-ED IN SUPPORT OF THE WALL STREET BAILOUTS IN 2008

On October 20, 2008, Mr. Cain published a nationally syndicated op-ed in defense of TARP, where he stated that "free market purists" should "hush." Please find a copy of this op-ed in the link below:

http://tinyurl.com/6dyz446

Rick Santorum, Press Release - Cain & Perry Deny Support for Wall Street Bailouts, But Their Own Words Say Quite the Opposite Online by Gerhard Peters and John T. Woolley, The American Presidency Project https://www.presidency.ucsb.edu/node/298189

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