lead the parade, lead the protest. if you are in the administration or democrats and up against the wall on the economy that is fumbling, then, you can turn around and say, well, it is not us, it is the banks or the evil wall streeters or it is anyone rich. and, you could foment something there and you could deflect nicely there. do you feel just on, i don t want to put it politically, senator, this they could be on to something, to turn this around to a populist campaign from which they could triumph? guest: my, i think that is a very thought out strategy on their part. what they have concluded is, we got this failed record, fail policies, and we will compensate for that and create this class far wear argument where we blame business, and blame people with money, and when, in fact, it is their policies that have made it more difficult for people to get jobs in this country. so, all the protests that are directed at businesses, really, ought to probably more accurately be directed at
people are saying. all this has hurt him. neil: he got in a lot of trouble for saying the actions of bernanke were treasonous as he was launching the campaign, you have been a critic of the federal reserve but not used terms like treasonous, and now bernanke is back at it promising something, did you know how the crowd goes, give us anything to help us out and they were jumping from joy, reversed what looked like a bear market. guest: the problem with the fed is that they are not working on the right problem, because the administration is not working on the right problem. neil: what would and should the fed do? guest: we must grow the economy. this admintration has failed. $1 trillion would not do it and now he wants to spend another $450 billion. it will not work. the actions of the fed, they are
so, i believe that herman cain will probably get some additional fundraising coming in and i have heard he will report about $2 million. the key is the money will allow you staying power and an organization can be built. neil: thank you very much. formally with the it will gram campaign. protests are shouting at tax wall street, don t cut jobs. does anyone see a problem with that? there s only one bottle left !
neil: and now the latest polls, but, can herman cain turn the momentum into money? my guest we the deputy campaign manager for phil gramm, a campaign that had a lot of money but did not make it. we talked about the senator s race at the time and he had the mother s milk of politics, a lost money, and it did not do him any good. what happened? guest: well, first, back during that time we started a lot earlier, senator gramm started raising money in 1994, announced in february of 1995 and we were spending money and building organizations and at