Posts Tagged ‘Herman Cain’

Federal Reserve Board Pizza Order Canceled

April 23, 2019

Federal Reserve Board Pizza Order Canceled

It is with deep-dish regret that we announce that pizza czar Herman Cain, President Trump’s half-baked choice for the Federal Reserve Board, has withdrawn his name from consideration.

More:

“Herman Cain withdraws bid to join Federal Reserve, but Trump still eyes allies for central bank,” Heather Long, Washington Post

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

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Trump Wants Herman Cain on the Federal Reserve Board

April 11, 2019

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

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Stephen Moore, Trump’s Feeble Fed Pick

April 5, 2019

Stephen Moore, Trump's Feeble Fed Pick

Stephen Moore, political pundit and doctrinaire supply-side dolt, wrote an ill-informed Wall Street Journal op-ed blasting the Federal Reserve. The Journal booted him for being a political hack, but Donald Trump nominated him for the Federal Reserve Board.

Mr. Moore is not an actual economist, but that’s no barrier in today’s Republican Party. He’s been at the Heritage Foundation and Cato Institute, worked on Ronald Reagan’s Privatization Commission, and helped Dick Armey draft the so-called FairTax proposal, essentially a regressive tax on the poor. More to the point, he worked on the 2016 Trump campaign and co-authored Trumponomics, a 2018 wet dream of low tax rates for the rich.

Stephen Moore knows all about Federal taxation; he owes the IRS more than $75,000 in back taxes. He also shares the Trump Administration’s respect for law and family values; a Maryland court held him in contempt for failing to pay his ex-wife over $300,000 in alimony and child support.

Who thinks Stephen Moore is a bad choice for the Fed? Real economists. A whole lot of them.

Who (besides Donald Trump) thinks Stephen Moore is a great Fed choice? Former cable TV pundit and Trump economic advisor Larry Kudlow, a man with an even worse record on the economy than Stephen Moore.

President Trump may have found a way to make Stephen Moore look a bit better. He plans to nominate pizza czar Herman Cain of “9-9-9 Tax” and sexcapade fame to the other vacant Federal Reserve Board seat.

More:

“Trump Nominates Famous Idiot Stephen Moore to Federal Reserve Board,” Jonathan Chait, New York Magazine

“Stephen Moore would change the Federal Reserve for the worse — much worse,” Matt O’Brien, Washington Post

“Economists Forecast Stephen Moore Wouldn’t Be Good For Fed Post,” Scott Horsley, NPR News

“Moore is less,” Steven Pearlstein, Washington Post

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

“How Trump would make the Fed a partisan tool,” Roger Lowenstein, Washington Post

Updates:

“Larry Kudlow defends Herman Cain: A lot of sexual allegations ‘don’t necessarily pan out,'” Kyle Balluck, The Hill

“Herman Cain Opens a New #MeToo Minefield for Republicans,” Alan Rappeport and Kenneth P. Vogel, New York Times

“‘Very smart people’: Trump adviser defends Cain and Moore Fed picks,” Martin Pengelly, The Guardian

“The Federal Reserve is already full of Trump’s picks,” Dion Rabouin, Axios

“What’s at Risk if the Fed Becomes as Partisan as the Rest of Washington, Neil Irwin, New York Times

“Trump’s Fed pick Stephen Moore is a self-described ‘radical’ who said he’s not a ‘big believer in democracy,'” Andrew Kaczynski and Paul LeBlanc, CNN

“Does Anyone Really Support Stephen Moore at the Fed?” Jonathan Bernstein, Bloomberg

“Stephen Moore’s Fed Candidacy Would Be A Sure Thing If He Hadn’t Said Anything Ever,” Jon Shazar, Dealbreaker

“If Republicans can’t stomach Herman Cain for the Fed, how on earth can they tolerate Stephen Moore?” Matt O’Brien, Washington Post

Related:

“Snake-Oil Economics: The Bad Math Behind Trump’s Policies,” N. Gregory Mankiw, Foreign Affairs

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Image (“Trump Fed Capture”) by Mike Licht. Download copies here. Creative Commons license; credit Mike Licht, NotionsCapital.com.

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Herman Cain’s Jumbo Slice of Ego

September 27, 2012

Herman Cain's Jumbo Slice of Ego

Everyone thinks that the Mitt Romney presidential campaign is toast, including former rival Herman Cain. What’s more, the Pizza King thinks he wouldn’t have been in this position:

“But Cain said he would have been doing better if he was the nominee, saying that he’d probably have a ‘substantial lead’ on President Barack Obama at this point.

‘The reason is quite simple: I have some depth to my ideas,’ he said.”

— “Cain says he’d be leading Obama if he were nominee,” Nathan Crabbe, Gainesville Sun

More:

“Herman Cain Says He’d Ge Doing Better Than Loser Mitt Romney, Because of Deep Thoughts,” Doktor Zoom, Wonkette

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Image (“Herman Cain Presidential Campaign, with Pepperoni”) 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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Herman Cain Packs It Up

December 3, 2011

Herman Cain Packs It Up

Herman Cain has suspended his quest for the 2012 Republican presidential nomination in order to spend more quality time with his marriage counselor. He will probably spend the balance of his campaign chest buying copies of his own horrible book, since he’s done that before.

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Herman Cain: Deep Dish?

November 29, 2011

Herman Cain: Deep Dish?

An Atlanta woman told Fox News that she had a 13-year extramarital affair with Republican presidential candidate Herman Cain. In keeping with his “nein-nein-nein!” policy, Mr. Cain has denied the allegations. Besides, his lawyer added, it’s nobody’s business if he did it.

More:

“Georgia Woman Finally Accuses Herman Cain Of The Affair He’s Denying,” Margaret Hartmann, Jezebel

“Lady Claims Whirlwind 13-Year Romance Affair With Herman Cain,” Wonkette

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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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Herman Cain’s Smoking Gun

October 26, 2011

Herman Cain's Smoking Gun

Herman Cain’s hired gun, Chief of Staff Mark Block, a former employee of the Koch brothers’ AFP fined in 1997 for violating state campaign laws, smokes. That’s what he does in a strange campaign video that has gone viral.

Some see this as confirmation that the Cain campaign is just blowing smoke, but Mr. Cain has a long friendship with Big Tobacco. In his years as a high-powered Washington lobbyist, a career curiously ignored by his supporters, he made the National Restaurant Association a national powerhouse with money from R.J. Reynolds Tobacco and big alcohol companies. The price: Mr. Cain fought smoking bans in bars and laws lowering alcohol blood levels for drunk driving.

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

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Herman Cain’s Tax Plan IS a Game, After All

October 17, 2011

Herman Cain's Tax Plan IS a Game, After All

Critics, especially those who can do math, think Herman Cain’s “9-9-9” tax plan is just a catchy slogan. Jon Huntsman thinks it’s the price of pizza. Nonsense. The 9-9-9 plan is just a game. A computer game. Sim City 4, to be precise.

As reporter Amanda Terkel first realized, when players participating in the city simulation begin planning taxes for their mock municipality, the game setup starts commercial, industrial, and residential taxes at 9% rates, remarkably similar to Mr. Cain’s. Gamers use the 9% defaults to figure out rates that will actually work because, even in cyberspace, “9-9-9” doesn’t cut it.

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Herman Cain’s Tax on the Poor

October 12, 2011

Herman Cain's Tax on the Poor

Republican presidential hopeful Herman Cain has been getting lots of attention for his bumper-sticker-sized economic policy, the All Meat Combo Original Jumbo  “9-9-9” tax plan. Easy to remember; easy to misunderstand the burden it would place on working people and the poor if the government was wacky enough to implement it.

Here’s where those “9s” in the slogan come from. Throw out the unwieldy U.S. tax code, then replace it with a 9% tax on corporate profits, 9% on personal income, and a 9% tax on consumption.

What’s a “consumption tax?” A 9% federal sales tax or VAT on top of your local sales tax. If you live hand-to-mouth, you would pay 9% on 100% of your income as you earn it, then another 9% on what’s left of those dollars as you spend them to cover your family’s expenses. Result: Americans who earn the least would pay the most in taxes.

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GOP Florida Straw Poll

September 25, 2011

GOP Florida Straw Poll

Former pizza exec, energy investor, and DC lobbyist Herman Cain won the Florida Straw Poll . Headlines trumpet how he trounced the other Republican presidential candidates, and so does Mr. Cain’s campaign. The media and the Pizza King have been talking percentages, which look pretty impressive:

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