Home Economy ABC: Herman Cain to Abandon Fed Reserve Nomination

ABC: Herman Cain to Abandon Fed Reserve Nomination

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UNITED STATES – APRIL 16: Former Presidential candidate Herman Cain waits to speak during his Revolution on the Hill Tax Day Rally in Washington on MOnday, April 16, 2012. (Photo By Bill Clark/CQ Roll Call) (CQ Roll Call via AP Images)

Facing a steep uphill battle in the Senate, Herman Cain is expected to withdraw from a possible post on the Federal Reserve’s Board of Governors, according to a new report.

ABC News reported Thursday evening Cain will make his decision known in the coming days.

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Cain ran for president in 2012 and served as chair of the Federal Reserve Bank of Kansas City from 1995-1996. He also worked as the chairman and CEO of Godfather’s Pizza from 1986-1996. Democrats — and even some Republicans — have questioned Cain’s qualifications to serve on the Federal Reserve Board.

Earlier Thursday, a fourth Republican — Sen. Kevin Cramer, R-N.D. — said he would not vote for Cain. Without any votes from Democrats and independents, Cain’s nomination would fall short in the Senate.

Sens. Mitt Romney, R-Utah, Lisa Murkowski, R-Alaska, and Cory Gardner, R-Colo., were also opposed to Cain serving in the role.

President Donald Trump has not officially nominated Cain, but he was planning to.

via newsmax

23 COMMENTS

  1. Darn!
    Another QUALIFIED man for a government position eliminated by foolish corrupt liberal progressive democrat socialists and RINOs!

    • Before Donald J Trump was Elected President…..I Predicted..That It would Be The Traitors In The GOP Who would Hurt Him The Most The ‘N
      eocons’. (Paul Ryan,Murkowski,Susan Collins,Romney,Lindsey Graham And Others) Which…has come to pass.

    • That is right. They do not want anyone they can NOT control. They are SCARED OF THOSE THAT CAN MAKE DECISIONS FOR THE BETTERMENT OF America,
      Demos as well as Republicans

  2. Oh God!
    You have raised Godly Leaders for America and the World. This is one of them!
    Speak to Him if He is your choice for this position!

    God Bless America!

  3. I thought President Trump was going to eleminate the Federal Reserve!! What has happened? Herman Cain is an Honorable man…Hate to see him go!! Shame the Dems are running every good person off from our Government & it is replaced with NON-American thinking people that want to destroy OUR COUNTRY!! SAD…..

  4. YOU ARE A POLITICIAN. AT A RALLY A WOMEN WALKS UP TO YOU AND ASKS. REMEMBER ME? DO YOU SAY NO OR A THOUGHTFUL YES I THINK SO. THEN SHE ACCUSES HERMAN OF SEX ABUSE. IT TURN OUT SHE IS A POLITICAL SOCIAL CLIMBER WHO JUST HAPPENS TO LIVE IN THE SAME COMPLEX AS DAVID AXLEROD BUT SHE NEVER MET HIM. I BET YOU SHE HAS HIS ELEVATOR SCHEDULE. TYPICAL COMMUNIST BULL SCHIFF. HERMAN IS A GENTLEMAN AND DESERVES BETTER.
    GOD BLESS YOU GOOD MAN AND KEEP YOU SAFE.

    This Is Not 7 Traitors In The Left Bi And Dept Of Injustice. This Is An Entire Political Party Betraying The Country. The Communist Democrat Party Has Declared War On The American People. Their God, Their Country, Their Kids. Especially The Kids Being Replaced By Communist Oriented Foreigners. The Unborn Americans Are Being Slaughtered In Democrat Communist Chop Shops And Extra Dope For The Teens Is On The Way. Mexican Cartel Leaders Will Soon Take Up Residence In The USA To Be Closer To The Factories And Forests They Are Building For Growth. Eventually 20% Of The Nation Will Either Be In Rehab Or Walking Dead.

    This Did Not Happen Yesterday. This Is Death By A Thousand Joints. Look At Puerto Rico One Out Of 7 Puerto Ricans Are Heroin Addicts.
    The So Called Sophisticates Joke About Getting High Until They Die. The Democrat Communist Party Is The Party Of Death To America. The Divorce Rate Is Way Up And The OD Rate Will Make The Stock Market Blush. Look At The Ex Sneaker Of The House Boener. He Is A Wall Street Drug Pusher Now. The Market Can’t Wait To See Weed On The Commodity Exchange.

    Conservative Sites Hype Weed Wacker Stocks. Make A Fortune And Try Not To Miss Your Kid Brother’s Funeral. Obama Freed 5900 Drug Dealers Saying Their Crime Was Harmless. He Never Went To The Morgue On A Friday Night To See A Father Identify His 22 Year Old Son.

    He Also Put 5900 Illegal Guns Minimum On The Street. Dealers Need Firepower To Protect Their Goods. But The Democrats Don’t Want Illegal Guns. They Want To Kick In The Door Of An 80 Year Old Vet Who Was Singled Out To Be Made A Communist Example Of. Drop A Communist Dime And Say He Has Guns And He Is Acting Erratically.

    That Is Called A Communist Stunt. Which They Are Famous For, You Think Charlotte Virginia Was Not A Communist Stunt Created By The Governor And The Mayor. No One In Their Right Mind Allows The Klan And Anti fa To Mingle Unless They Want A Media Explosion. There Are About 8,000 Klan Members In The USA. There Are 880,000 Communists On The Lower East Side. One Sand Truck Blocking A Narrow Street Would Have Saved That Girl’s Life. But What Is Life To A Communist. They Kill Millions.

    Bill Ayers Told Obama 20% Of The American Population Will Never Surrender And Has To Be Liquidated. Now We Have Caravans Of Invaders Using Al Queda Tactics. Push The Women And Children In Front Of You Then Attack. It Only Takes One Spark To Ignite A Political Explosion.

    Jimmy From Brooklyn An Expert On Communism Says, When The Communists Win They Win And When They Lose They Win. The Greatest Enemy Of Communism Is Religion. Religions Feed The Conscience And When A Baby Outside The Womb Is Having Her Neck Broken That Rotten Feeling In Your Gut Is Your Conscience Telling You This Is Evil Beyond Imagination.

    The Chops Shops Seldom Tell A Mother That She May Experience Weeping Syndrome For The Rest Of Her Life. Can She Hear The Voice Of Her Child Saying I Love You Mommy. America’s Heritage Is Being Destroyed. America’s Morality Is Being Destroyed. The Greatest Relationship One Can Have Is With The God That Loves You Forever. That Is Why Communists Close Churches.

    Every Day They Destroy Your American Heritage. Obama Freed Dope Dealers But He Put GI’s In Prison For Serving Their Country. On Holder Up Charges.
    The Wives And Kids Were Consigned To A Life Of Poverty And Shame. All Benefits Lost And Their Bread Winner Is In Leavenworth On Suicide Watch.

    Every Time You See A GI On Prosthetic Legs. They Lost Them To Iranian IED’s And Obama Paid The Iranians To Do It. 157 Billion To Shred The Bodies Of Americans With Copper Lugs From Iran. The Next Time A Communist Mentions Global Warming Of 2-3 Degrees. Remind Them Obama And Kerry Paid The Iranians To Raise The Temperature In The USA By 5,000 Degrees.
    Nukes Do That You Know.

    So A Man Who For At Least 20 Years Has Been Saying If I Was President I Would Do This And That. Finally He Decides He Can’t Allow His Country To Die In Front Of His Eyes. 65 Million Americans Give Him A Majority Of Electrical Volts And He Wins All Charged Up. He Kills The Obama Kerry Betrayal To The Iranian Mullahs. He Moves Us To Jerusalem The Capital of Israel As God Intended, He Helps Netanyahu Stay In office, He Has Egyptian President Asisi At His Side The Other Day.. He Kills All Deals That Kill American Progress. He Helps Blue Collar Workers Keep Their Jobs With Raises.

    All This He Does As The Communist Democrats And Their Media Stooges Fight Him All The Way Lieing And Staging Bull Schiff Hearings. He Is Colluding With The Russians As Hitlery Putin Sells American Uranium All That Can Be Mined To The Russians, Obama Gives Iran 157 Billion To Pay For It. Communist Commissions All Around.

    Fancy Pelosi Takes 41 Democrat Con Grease Mice To Damascus Syria To Lick The Ankles Of Bashar The Baby Killer. Birds Of A Feather. The Plane Is Loaded With The Finest Liqueurs That $28,000 Bucks Can Buy. In New York Cops Try To Get Out Of Chauffeuring The Mayors Wife Because They Will Test Positive For Weed.

    What Can We Do? Promote Being An American. Learn The Language. Learn The History. Buy And Build American. Avoid The Near Occasions Of Sin Especially Drugs. The Only Way You Beat Drugs Guaranteed Is Never Do The First One. The Recovery Rate From Heroin Is 1%. When You Hit Bottom You Will Be Doing Heroin. 100 Yale Students On A Sunday OD Two Months Ago On Weed Laced With Fentynal. All Comes From China.

    All Crimes Are Watered Down. Rape Is Now Date Rape. It Is Almost Harmless. Just Ask The College Board. If You Are A Traditional Generational Democrat You Are Not Honoring Your Ancestors By Staying In The Party DE La Muerte. Harry Truman Is Long Gone As Is Roosevelt. Today You Are Looking At Multiple Soviet Choices. I Am Positive America’s Farmers Do Not Want To Suffer The Fate Of The Ukrainian Farmers Who Were Forced To Eat Their Neighbors Children In A Body Swap.

    The Only Communist Who Benefits Is The Guy On Top. All Others Will Die. We Only Have One Party In The USA. The Communist Democrat Rino Rat Party Opposed By 65 Million Trumpeteers. All We Have To Do Is Convince One Democrat Relative That You Would Love To See Them Go Trump’s Way With Their Vote. Tell Them It Means Everything To You. Then We Go To 130 Million. What Else Can We Do? Bring Back The Draft. You Never Want To Come Out Of Your House And See Soviet Tanks And Chinese Road Guards Telling You It Is Only A Parade. Time To Raise High The Cross And The Flag Together. Everything Is Made In The USA. Why Build The Chinese Navy On The Cost Of Goods Sold.

    Today’s Lesson Is No Charge. Don’t Learn It The Hard Way. Spirit Of America Party Radio Show On You Tube. Abutom.

  5. “Democrats — and even some Republicans….” Yeah! and what experience do the politicians have to be elected to the Senate and House. Oh! I forget – they keep being re-elected with the same old experience > ignore the U. S. Constitution and pass legislation NOT connected to any enumerated power in Art I, Sec 8.

  6. Men and women, who are practical, full of common sense and not Keynesian idiocy need not apply! But if you’re a Democratic Marxist Socialist Communist or a cooperating collaborator like all Rinos, then the Swamp can find a place for you in a unconstitutional bankers old boys club! Mitt Romney is really just a “snow cone” who can change flavors depending on your choice of syrup!I pray for the day that Utah voters, finally, replace him with someone who has real conservative conviction instead of a panderer. You should use as an example, the life of the Lord Jesus Christ, Amen.

    • Yes, Dan, I’m not black but I thought Cain was an excellent choice for President until the left railroaded him with false accusations……That;s how rotten the dems are. They will destroy anyone who gets in their way..or try too.

  7. Eliminate all lawyers from consideration for political office. If we have common ordinary people serving a lot of the bickering and partisanship will be eliminated. There are so many aaa netting type lawyers in congress that common reasoning has been reen replaced by greed, self service and arrogance.

  8. Romney, Murkowski and Gardner (and Pelosi, Schumer, Mad Maxi, et al) are so full of hate for Trump that they would vote against their own mothers if Trump were to nominate them! This has got to stop…they don’t care about this country, they don’t care about the American people, they don’t care about anything but their obsessive hatred for Trump and their desire to take him down, no matter the cost!

  9. There should not even be A FED Reserve–they are corrupt and not federal at all–just a corp that gets $ from taxpayers as a charity–get rid of all bureaucrats and cut the congress salaries to 1/4 of what they get and no expense accounts–use all that $ to pay down the debt and make those idiots get another part-time job in a donut shop or mcdoomalds or star-ucks

  10. Herman is the man. The list of stupid RINOs keeps popping up. They need to be deported to Iran where they could join with the ‘Idiolas’.

  11. Dr. Richard. (Thank to Abu tom) The National debt is fraudulent, a nothing that we do not owe to anyone least of all ourselves. It is rather the Fed that owes us. It is payable in kind, that is, at best, in fiat, by any debt note, by the magic of a ledger entry at pennies on the dollar. All such notes in circulation will be instantly converted, by decree, into debt free US Notes. The backing will be the only thing of real value we have ever had – no, not gold or siver, but our National production. Gold is by far the worst backing for a currency, notice it is easily stolen & co-oped by the elite who love to hoard it & steal it after they sell it to you. Believe me, thus is exactly what we are fighting right now: the money changers are fighting for their lives.

  12. Problem is the American people lost a good person for the job. It America thatlost not Herman Caine. We can’t seem to get the good guys in for the Rinos siding with the Democrats. Swamp wins again

  13. Abu Tom— love your post! You are 100% spot on.
    God bless you!! America is in trouble! Democrats
    trying to destroy us! Pray for Mr Trump to be
    Re-elected by a landslide! Democrats must be
    Defeated!! They are pure poison! Not all , but a lot
    Of loud mouth soreheads ! God help us!!
    God bless you for all you said!!

  14. I;ve always said it. Herman Cain should have been the first black president, not Obama the Muslim. The democrat party pulled a Clarence Thomas on him…..

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