Herman Cain Wants Trump to Forget All About Him As to Fed Nomination

The Federal Reserve, our central bank, is a very important part of our government. The members of its Board of Governors serve fourteen year terms, clear evidence that it is supposed to be independent of political pressures. It has a complex structure, led primarily by enlightened economists who agree to keep three goals in mind: maximizing employment, stabilizing prices, and moderating long-term interest rates. 


The Fed has, however, been criticized for representing the interests of our financial institutions, more so than people who don’t have great jobs.


Donald Trump is hell-bent on forcing the independent Fed to keep interest rates low so his Trump Org and his super-wealthy friends can make more money. But he’s upset at the Fed Chairman he apponted, Jerome Powell, over interest rates.


There are now two vacancies on the Fed’s Board of Governors, and it is said that Trump would like to appoint Herman Cain and Stephen Moore, though neither has been nominated as of press time.


Herman Cain is not an economist; he’s the pizza guy from Georgia. He’s one of the many failed GOP presidential candidates in 2012 who lost to Mitt Romney, who lost to President Obama.


Trump — the guy who “likes Acting” — as in Acting Secretary of Whatever — except he hasn't the faintest idea in the world of how to act properly — expects everybody he appoints to do his bidding, e.g. Jeff Sessions; General John Kelly; Kirstjen Nielsen, among many others.


In 2012, while running for president, Cain came out with his way-too-simplistic “9-9-9” plan to change our tax laws: 9% personal income tax, 9% federal sales tax, and a 9% corporate tax. Cain’s idea was to make taxes as low as possible. That’s what Republicans always want: low taxes.


But GOP senators aren’t keen about Cain (https://www.politico.com/story/2019/04/09/herman-cain-federal-reserve-trump-1264072).


As associate solitary reporter Johanna Jones (who, like Cain, is African American) watched, Cain told her, “Johanna, I have nine hundred ninety nine reasons to ask Trump to forget all about me — especially since he never had the guts to nominate me in the first place — but I’d be glad to send one or two free Godfather's pizzas to the White House, if he would consider thinking more kindly of my African American sisters and brothers."


This leaves Trump’s other Fed prospect, Stephen Moore — the righht-wing Club for Growth guy — as the next potential Fed nominee, only the Washington Post’s not too keen on him, either (https://www.washingtonpost.com/us-policy/2019/03/29/stephen-moore-would-change-federal-reserve-worse-much-worse/?noredirect=on&utm_term=.5f4978b90948).


Furious that federal judges won’t do his bidding, Trump told ASR Jones that instead of Cain and Moore, he wants to nominate his one potential primary opponent, former Massachusetts governor William Weld, to the Fed, just to get him out of the way in 2020.