Herman Cain To Fed? Purple Smoke Soon To Be Seen On The Forum.

Yooper

Yooper

Up. Identified. Lase. Fire. On the way.
Multiple sources are reporting Herman Cain is to be nominated (along with Moore) to the Fed.

Trump issued a statement that he is putting Cain up for nomination because there are certain SoMD.com forum members whose heads are sure to explode when they hear of it.

That is all.

P.S. Cain part of post, true. Trump's statement, not true. Reactions of certain members, true.

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TCROW

TCROW

Well-Known Member
Cain has already been on the board of a district reserve bank (Atlanta or Kansas City maybe?) so wouldn’t expect too much resistance. He’s not been a president, so no FOMC vote before but he’s a businessman, which is exactly the type of person the Fed likes to have as governor.

Moore on the other hand, is a complete buffoon. He has no place having a say in our monetary policy.

The C in FOMC stands for committee and I’m not sure our president understands how the committee works. Putting “his guy” on the. Board isn’t likely to have the outcome he desires.
 
T

transporter

Well-Known Member
Yooper said:
Multiple sources are reporting Herman Cain is to be nominated (along with Moore) to the Fed.

Trump issued a statement that he is putting Cain up for nomination because there are certain SoMD.com forum members whose heads are sure to explode when they hear of it.

That is all.

P.S. Cain part of post, true. Trump's statement, not true. Reactions of certain members, true.

--- End of line (MCP)
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Looky another chiucklehead who gets offended when facts get in the way.

Cain is another horrible choice. Catherine Rampell does a pretty decent job of ripping his lack of fitness. She's does a magnificent job of throwing Stephen Moore's contradictions and complete/utter lack of knowledge back in his face

Trump’s next possible Fed nominee can’t understand basic policy issues

Best part of the piece:

Cain would be Trump’s second proposed addition to the Fed in as many weeks, the other being longtime partisan operative Stephen Moore. Even before this month, though, Trump had ample opportunity to reshape the Fed in his anti-institutional, anti-intellectual image. Thankfully — surprisingly, in fact — he had refrained.

For other executive branch appointments, Trump seems to have selected nominees based on who would be the absolute worst person for any given position. But until recently, his Fed choices seemed . . . totally reasonable. He has picked four out of the five already-confirmed Fed board members, all of whom are competent, well-qualified professionals — all reliable Republicans, too, but Republicans who have performed their jobs apolitically. Exactly as members of the central bank, which is politically independent, are supposed to do.
Click to expand...
 
T

transporter

Well-Known Member
TCROW said:
Cain has already been on the board of a district reserve bank (Atlanta or Kansas City maybe?) so wouldn’t expect too much resistance. He’s not been a president, so no FOMC vote before but he’s a businessman, which is exactly the type of person the Fed likes to have as governor.

Moore on the other hand, is a complete buffoon. He has no place having a say in our monetary policy.

The C in FOMC stands for committee and I’m not sure our president understands how the committee works. Putting “his guy” on the. Board isn’t likely to have the outcome he desires.
Click to expand...

It has been 25 years since Cain was affiliated withe Federal Reserve Bank of Kansas City. He has zero...zero...educational or academic background for the position he may be nominated to fill. Zero.
 
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