Herman Cain: I didn’t realize in 2005 that the housing bubble existed

(By Ed Morrissey, Hot Air) - As Jazz Shaw predicted, the national media has suddenly begun doing a lot of homework on Herman Cain now that he’s riding high in the polls, and the first one to take a crack at the new Not-Romney is NBC’s Chuck Todd. Todd challenges Cain on a 2005 column he wrote that dismissed concerns of a “bad economy” and a housing bubble, the latter of which at least turned out to be all too true. Cain admits that he didn’t see it coming, which prompts the obvious follow-up question from Todd about just how good his economic instincts actually are. This starts about four and a half minutes in, if you want to cut to the chase:

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