ABC News’ Rick Klein reports: Talk show host and businessman Herman Cain yesterday announced that he’s forming a presidential exploratory committee, with an eye on challenging for the Republican nomination in 2012.
On ABC’s “Top Line” today, Cain – the former CEO of Godfather’s Pizza – said he’s planning to use the coming months to determine his support among voters and donors.
He said he’s “confident” that he could defeat President Obama.
“Yes. If I didn't think I could -- if I didn't think I could win the Republican nomination, No. 1, and if I didn’t think that I could beat, in a political competition, President Obama, I wouldn't be doing this,” Cain told us.
“I had a new acquaintance ask me: Was I arrogant enough to be president. And my response was, I am confident enough to be president. So I am confident that -- after we go through this exploratory phase where we are going to test the amount of voter support, we're going to test the amount of financial support that I would be able to garner -- after I go through this phase and the decision is yes, trust me, I'm running to win. Not for a consolation prize.”
In the interview, he, also, praised President Obama for his speech last night Cain said that Obama "said the right things" and set the right tone like a leader should do.
He briefly went through some of the things that he would do, if he was elected:
He also outlined some of his ideas for stimulating the economy, including making tax rates permanent, lowering corporate taxes and capital gains, and extending a payroll tax holiday for employees and employers.
“We can re-strengthen our national security, we can really get a handle on the immigration problems and we can really do something about cutting federal spending. That's where I'm going to focus on as I go forward in evaluating whether or not I am going to make a final decision to run for president,” Cain said.
He is definitely going to be going into the race as an underdog. Most Americans don't know who he is much less what he stands for, but as Obama proved in 2008, that doesn't mean anything.
He has executive experience as a former CEO for Godfather's Pizza, which will be a blessing and a curse. It'll be good in the fact that people will know that he knows what he's talking about, when he talks about the economy, and the economy is still the number 1 issue and concern for the electorate.
On the other hand, the Left will try to brand him as a big-business fat cat, who will only look out for other fat cats and not the "little guy". They will say that his policies as being "gifts" to CEO and to Wall Street. Unfortunately for the Democrats, this type of name calling is not really working anymore.
He could be an interesting candidate and someone who could come up from behind to win it all.
Check out Cain's exploratory website here.
H/T to Ed Morrissey