Herman Cain's Time to Exit
The following commentary comes from an independent investor or market observer as part of TheStreet's guest contributor program, which is separate from the company's news coverage.
NEW YORK (TheStreet) -- Herman Cain is losing luster among Republicans. After initially holding up well in polls in the face of unproven accusations of sexual misconduct, his favorability ratings are starting to fade. His campaign may survive this controversy, but it may be time for Cain to exit.
Revelation two women received cash settlements from the National Restaurant Association more than a decade ago, after complaining that then CEO Cain acted in a sexually inappropriate way, is not enough to disqualify him for the presidency. Well-intended Equal Employment Opportunity Commission rules for employers can encourage unwarranted finger pointing that little serves genuine victims or innocent defendants. Often, cases are settled to avoid high legal costs.
Herman the UnreadyAnd those are not Cain's only gaffs. Cain's 9-9-9 tax proposal makes great economic sense, but when pressed, he cannot explain why it does or how it would work. For example, when asked about how the 9% sales tax would treat imports, he doesn't know -- this despite the fact that European countries have extensive experience with this issue, economist and lawyers have studied those issues ad nauseum, and the treaties the U.S. and European Union have signed permit applying sales taxes to imports and refunding the same on exports to maintain neutrality in competition between foreign and domestic products.
Select the service that is right for you!COMPARE ALL SERVICES
Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
24/7 market commentary from Jim Cramer and 20+ veteran Wall Street gurus. Get access to the latest trading ideas on stocks, options, and ETFs as well as a real-time forum to see the pros exchanging their investment ideas.
- Jim Cramer + 20 Wall Street pros
- Intraday commentary & news
- Real-time trading forum
- Actionable trade ideas
All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.
- Real Money + Doug Kass + 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV