Trump says he's recommending Herman Cain to Fed
Source: CNN
Washington (CNN)President Donald Trump said Thursday that he's recommended Herman Cain, a former pizza executive who dropped his bid for the 2012 Republican presidential nomination amid sexual harassment allegations, for a seat on the Federal Reserve Board.
"I've recommended Herman Cain. A terrific man, a terrific person. He's a friend of mine," Trump told reporters. "I've recommended him highly for the Fed. I've told my folks that that's the man and he's doing some pre-checking now and I would imagine he'd be in great shape."
Since the start of his presidency, Trump has moved to reshape the world's most powerful central bank, appointing four people to the seven-member Fed Board so far.
That includes Chairman Jerome Powell, a former investment banker, who the President has repeatedly accused of trying to undercut him politically by raising interest rates, which Trump believes will slow down the economy.
Read more: https://www.cnn.com/2019/04/04/politics/herman-cain-federal-reserve/index.html?utm_content=2019-04-04T21%3A52%3A34&utm_term=video&utm_medium=social&utm_source=twCN
Link to tweet
Earlier thread as reported by Axios: https://www.democraticunderground.com/10142298098
= new reply since forum marked as read
Response to demmiblue (Original post)
all we have to do is skim through this bio on the Wiki....
Link: https://en.wikipedia.org/wiki/Herman_Cain
(snips)
Starting in 2005, Cain worked for the political advocacy group Americans for Prosperity (AFP) alongside Mark Block. Block would later become campaign manager for Cain's 2012 presidential run and would be joined in Cain's campaign by several other AFP employees. Cain continued to receive honorariums for speaking at AFP events until he announced his campaign for the Republican nomination. Cain's senior economic advisor during his 2012 presidential campaign, Rich Lowrie, who helped devise Cain's 9-9-9 tax plan, had served on the AFP board. In 2006, Cain voiced several radio ads encouraging people of color to vote Republican; the ads were funded by a group called America's PAC and its founder J. Patrick Rooney.
9–9–9 Plan
In July 2011, an advisor suggested that his campaign's tax policy plan be called "the Optimal Tax", but Cain rejected the name, saying "we're just going to call it what it is: 9–9–9 Plan". The plan would replace the current tax code with a 9-percent business transactions tax, a 9-percent personal income tax, and a 9-percent federal sales tax. During a debate on October 12, Cain said his plan "expands the base", arguing that "when you expand the base, we can arrive at the lowest possible rate, which is 9-9-9". An analysis released to Bloomberg News by the campaign claimed that the rate for each of the three taxes could in fact be as low as 7.3%, but "poverty grants" – which Cain has described as a lower rate in targeted "empowerment zones" – necessitated a national rate of 9%. Paul Krugman has criticized the plan, saying it shifts much of the current tax burden from the rich to the poor.
And I was hoping for someone really qualified like Joe the Plumber........
by appointing unqualified, incompetent people to key jobs.
Notice that Trump waited until Mueller stopped investigating before announcing this?
