Trump selects Herman Cain to Fed
- Thread starter AC_Exotic
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You do have one of those. Looks like Don King doing a handstand.
He's not Joe Biden or Hillary Clinton or a bartender from the Bronx named Sandy.
Are imbeciles the Radical rights infidels? Makes sense. So I’m guessing the answer is always.
I clicked all three of your pictures, however none of them seem to represent the operative word at play here @Marshal Jim Duncan
It isn't actually Don King. It's just your vagina that looks like Don King. You look just like your mama.
What do you think Don King looks like? You know he didn’t play for USC right? He never pitched Jello. He never fought the Predator.
I was a boxing fan, Claw. Who my age doesn't know who Don King is? I was watching fights King promoted while your dad was squirting your brothers and sisters into random truck stop whores.
So....... you don’t know what he looks like, just the cumings and goings of truck stop whores and their johns. Got it.I was a boxing fan, Claw. Who my age doesn't know who Don King is? I was watching fights King promoted while your dad was squirting your brothers and sisters into random truck stop whores.
Uhhhh, that's a really dumb take, but it's clearly your speed. Looks like I sank your battleship, Claw. Got any submarines?
Did you have a FTF? You said it was a rough week, that might explain the deflections regarding Don King, you can’t remeber what he looks like can you? My board is still as clean as my nuts so...... fire away, SJ.Uhhhh, that's a really dumb take, but it's clearly your speed. Looks like I sank your battleship, Claw. Got any submarines?
Don King? I said your vagina looks like him doing hand stands. I also stated that I watched fights he promoted while your dad was staining the sheets of hourly motels hoping he didn't end up with a disappointment. Don King is a public figure. Has been for a long time. Do I need to post a google image of him to give you an idea of what your vagina looks like? You can't afford a mirror?
I acknowledged the Ben Carson/Herman Cain mistake. I was pretty clear on that. I have had a rough week. That's what the work of saving lives brings sometimes. I know it's not quite the stress that your suckling of the family tit creates, but it is what it is. I owned it.
L-O-L! Touched the main nerve there. It's OK. Your resume of "dick" will get you through.Poor, poor Paragod.
Chuckle.
You must be presenting in 3D because the projection has doubled tonight. Me not believing you is touching a nerve? L-O-L
Medic007 doesn't have sooner anywhere in it. So...Never. I never trust a Sooner. It’s in the name
I’m unsure how working for the fed makes you unqualified to work for the fed. Is this just a talking point gone wrong?
I think Samuel l Jackson will be great as this pick.
I think Samuel l Jackson will be great as this pick.
Good question, what do you believe? No Jews allowed is the baseline for you I’d guess?
He had to drop out of 2012 Presidential race due to sexual harassment allegations. So he’d fit right in. That’s just one problem.
Trump’s next possible Fed nominee can’t understand basic policy issues
Catherine Rampell
Nein, nein, nein.
That should be the Senate’s response if President Trump actually nominates his friend Herman Cain, the former pizza magnate turned failed Republican presidential candidate, to the Federal Reserve Board, as Trump said he plans to do.
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.
Of course, that benign neglect led to some policy outcomes the president has disliked — specifically, higher interest rates. Perhaps hoping to pack the Fed with more pliant appointees, Trump has now homed in on these two.
Like Moore, Cain has some baggage. Way worse baggage, in fact: Cain dropped out of the 2012 Republican presidential primary after at least four women accused him of sexual misconduct. One alleged that he put his hand up her skirt at a convention and tried to pull her head toward his crotch. When she protested, he allegedly said, “You want a job, right?” Cain denied the allegations.
If true, such actions alone would be disqualifying for any major government position. And they may yet derail his nomination. But they’re also hardly the only reasons to object to placing Cain in one of the most important economic jobs in the world.
To put it bluntly: When it comes to understanding pretty basic policy issues, Cain isn’t able.
Most people who remember anything about Cain’s brief political career might know him for the “9-9-9” tax rate plan. Unfortunately, neither did that plan have rates that were actually 9 percent nor did it turn out to be particularly strong in its arithmetic. I recall a perplexing interview back in 2011, during which I spoke with the adviser who had devised the plan with Cain. It turned out the reason his math didn’t make sense was that he was, among other things, claiming credit for eliminating “invisible” taxes and conflating marginal and average tax rates. Apparently neither he nor his boss had noticed.
Cain made other uninformed or impolitic comments during the 2012 campaign, including saying he didn’t think it was relevant for him to know “who is the president of Ubeki-beki-beki-beki-stan-stan.” Or declaringhe wouldn’t feel comfortable appointing a Muslim to a Cabinet position or a federal judgeship.
But hey, fiscal policy, foreign relations and, uh, the First Amendment aren’t the Fed’s purview! Monetary policy and financial regulation are. Unfortunately — despite the fact that Cain served as a director of the Federal Reserve Bank of Kansas City from 1992 to 1996 — his documented views on these issues are just as quack-tastic.
Cain is a longtime inflation hawk, which could put him at odds with Trump’s calls for looser money. As recently as December 2017, Cain was even defending higher interest rates. But perhaps Trump assumes that Cain will dutifully flip his views, just as the once-hawkish Moore has done.
In fact, in January, when Cain was already rumored to be in contention for a Fed seat, he told Bloomberg he was concerned about recent Fed rate increases and said the real thing to fear was not inflation but nonexistent “deflation.” This is Moore’s boogeyman du jour, too.
But perhaps the bigger issue is that Cain has said — repeatedly — that the United States should return to the gold standard.
This stance is one Moore has also intermittently espoused, and it has been roundly rejected by actual economic experts. That includes, for instance, every single economist surveyed by the University of Chicago’s IGM Economic Experts Panel.
Then there’s the fact that Cain spent the years following his failed presidential campaign spamming his email followers with snake-oil scams, promising “weird tricks” that would make his followers get rich quick or “naturally” cure their erectile dysfunction. Of course, such grifting might enhance Cain’s candidacy in Trump’s eyes, but it hardly bodes well for a man seeking to join an institution with consumer protection duties.
Cain’s one possible virtue is that, during his aborted presidential campaign, he once complained that the Fed had become too “politicized.” I wonder: What might presidential candidate Cain then say about possible-future-Fed-board-governor Cain now?
