Trump Wants Herman Cain on the Federal Reserve Board

Trump Wants Herman Cain on the Federal Reserve Board

In what may be an attempt to make make a prior nominee look better in comparison, President Trump announced plans to nominate pizza czar Herman Cain of “9-9-9 Tax” and sexcapade fame to a vacant Federal Reserve Board seat.

Like the 6-times-bankrupt Mr. Trump, Mr. Cain was a brilliant businessman, and brought Godfather’s Pizza to profitability by closing 200 restaurants and firing thousands of employees. He entered politics in 1996 as an advisor to Bob Dole’s presidential campaign, then worked as a restaurant lobbyist before his unsuccessful, Islamophobic, Tea-Party attempt to gain the 2012 GOP presidential nomination.

Since then, Herman Cain has remained active promoting money-making scams and conspiracy theories. You see why Donald Trump considers him perfect for the Federal Reserve Board. Other Republican leaders are not quite so sure.

More:

“Trump Wants Herman Cain on the Fed Because He’s an Unqualified Hack,” Jonathan Chait, New York Magazine

“McConnell declines to publicly endorse Herman Cain for Federal Reserve Board,” Colby Itkowitz and Seung Min Kim, Washington Post

“Herman Cain Admitted He Isn’t Sure He’ll Pass a Background Check,” Tim Murphy, Mother Jones

“Why Does Trump Want to Debase the Fed?” Paul Krugman, New York Times

“Herman Cain is a joke that the Fed can’t afford,” Matt O’Brien, Washington Post

Update:

“Four Senate Republicans signal opposition to Trump’s plan to put Herman Cain on Federal Reserve Board, all but sinking nomination,” Damian Paletta, Mike DeBonis and Seung Min Kim, Washington Post

Herman Cain Will Not Be Bringing Delicious Godfather’s Pizza To FOMC Meetings,” Jon Shazar, DealBreaker

“White House gives Herman Cain an out on Fed amid GOP opposition,” John T. Bennett, Roll Call

“Herman Cain: I Won’t Withdraw From Consideration for Fed Board,” Daily Beast

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Short link: https://wp.me/p6sb6-t2j

Image by Mike Licht. Download a copy here. Creative Commons license; credit Mike Licht, NotionsCapital.com

Comments are welcome if they are on-topic, substantive, concise, and not boring or obscene. Comments may be edited for clarity and length.

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