Author Topic: Romney dings Herman Cain for Trump’s Fed  (Read 346 times)

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Offline Right_in_Virginia

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Romney dings Herman Cain for Trump’s Fed
« on: April 05, 2019, 01:55:16 am »
Romney dings Herman Cain for Trump’s Fed
Politico, Apr 4, 2019

Mitt Romney is not particularly impressed with the idea of Herman Cain joining the Federal Reserve, though President Donald Trump is pushing forward on the possible nomination.

In an interview, the Utah Republican senator brushed off the prospect of Trump following through and officially nominating Cain: “I doubt that will be a nomination. But if it were a nomination, you can bet [what] the interest rates he would be pushing for.”

“If Herman Cain were on the Fed, you’d know the interest rate would soon be 9-9-9,” Romney said in an interview on Thursday afternoon.

Cain, who served on the board of the Kansas City Federal Reserve, would make for an unusually partisan Federal Reserve Board pick. He ran against Romney in the 2012 race for the GOP presidential nomination — touting his “9-9-9” economic plan — before being accused of inappropriate behavior and dropping out of the race.


More:  https://www.politico.com/story/2019/04/04/romney-herman-cain-federal-reserve-1256260

Offline Right_in_Virginia

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Re: Romney dings Herman Cain for Trump’s Fed
« Reply #1 on: April 05, 2019, 02:00:15 am »
Quote
Trump picks Herman Cain for Federal Reserve spot
Washington Examiner, Apr 4, 2019

Trump's pick of Cain to fill a spot on the seven-person Board of Governors follows the controversial choice last week of Heritage Foundation economist Stephen Moore to fill a different open seat.

Cain mounted an unsuccessful Senate bid in Georgia in 2004 and ran for president in 2012, both times as a Republican. The latter campaign ran aground following accusations of sexual harassment by Cain during his tenure as president of the National Restaurant Association. Cain denied the charges but ended his campaign shortly afterwards.

Trump said Thursday that he was not concerned about Cain's background, which would be scrutinized in the administration's nomination preparatory work and by the Senate in the confirmation process. "He’s doing some pre-checking now, and I would imagine he’d be in great shape," Trump said. "I have found Herman to be an outstanding person, a truly outstanding individual."

Cain has experience in the Federal Reserve System, having served as the chairman of the Federal Reserve Bank of Kansas City in the mid-1990s. That role is separate from the role of president at the regional bank and did not entail active involvement Fed's monetary policy deliberations.

More:  https://www.washingtonexaminer.com/policy/economy/trump-picks-herman-cain-for-federal-reserve-spot

Offline Free Vulcan

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Re: Romney dings Herman Cain for Trump’s Fed
« Reply #2 on: April 05, 2019, 02:10:45 am »
He's far more qualified than you dirty Mitts. You're just opposing him because Trump nominated him.
The Republic is lost.

Offline Right_in_Virginia

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Re: Romney dings Herman Cain for Trump’s Fed
« Reply #3 on: April 05, 2019, 02:39:27 am »
He's far more qualified than you dirty Mitts. You're just opposing him because Trump nominated him.

 888high58888

Offline IsailedawayfromFR

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Re: Romney dings Herman Cain for Trump’s Fed
« Reply #4 on: April 05, 2019, 07:13:06 pm »
Why does a state like Utah allow a gold-digger from Massachusetts to represent them?
We called them carpetbaggers in the South
No punishment, in my opinion, is too great, for the man who can build his greatness upon his country's ruin~  George Washington