ROCHESTER, Mich. – If it's too big to fail, it's too big, several Republican presidential candidates said Wednesday, arguing in the latest 2012 debate that housing and tax reforms, as well as an end to government bailouts, are critical to stopping the U.S. economy's slide into mediocrity.
In what was largely a friendly debate -- with most of the candidates' ire directed toward the current administration rather than each other -- the most unforgettable moment of the night came when Texas Gov. Rick Perry stumbled in a moment of forgetfulness. Perry's brain freeze came when he couldn't remember the three agencies that he would pledge to get rid of as president.
"Sorry. Oops," he said, after recalling only the departments of Commerce and Education. He later said he also wanted to abolish the Energy Department.
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