Four Republicans join Dems, say they’ll vote against Trump’s pick of Herman Cain for Fed Reserve Board

(FILE PHOTO video screenshot)

Late Thursday evening Sen. Kevin Cramer became the fourth congressional Republican to indicate that we will most likely vote against President Donald Trump if the president nominates former pizza executive Herman Cain to serve on the Federal Reserve’s board.

“If I had to vote today, I couldn’t vote for Herman Cain,” Cramer said to Bloomberg. “The allegations that drove him from the presidential race are just so obviously serious.”

During the 2012 presidential election, several of then-Republican candidate Cain’s former staffers accused him of “sexually suggestive behavior.” These allegations were never substantiated.

Cramer’s announcement Thursday was preceded by Sens. Mitt Romney, Lisa Murkowski and Cory Gardner all announcing a day earlier that they’d oppose Cain’s nomination.

“I don’t think Herman Cain would be confirmed by the Senate, and I think the president would be wise to nominate someone who is less partisan and more experienced in the world of economics,” Romney said to Bloomberg. “I would anticipate voting no if he were nominated.”

It’s unclear what about the former Godfather’s Pizza CEO is partisan.

“Senator Murkowski said that she would not support his nomination,” a spokesperson for the Alaska congresswoman likewise confirmed with the media.

And when asked Wednesday about whether he’d vote for Cain, Gardner said, “No.”

“It’s not about his past. It’s about who I think should be on the board,” he added.

Assuming every Democrat were to vote against the president, this means his potential nomination of Cain to the Federal World is effectively dead in the water.

What’s notable is that the rhetoric of Cramer, Romney, Murkowski and Gardner mirrors that of Democrats, Hollywood and the demonstrably left-wing media, all of whom have been critical of Cain since Trump signaled that he might appoint him to serve on the Federal Reserve:

Speaking on MSNBC last week, CNBC chief Washington correspondent John Harwood claimed the president wants to place Cain on the Federal Reserve because he’s “for political juice on the fed so that they will give him some political juice in the economy as he runs for reelection.”

This fits with what Romney said about the former pizza executive allegedly being partisan.

“So Mr. Cain’s political fealty to Mr. Trump is ironclad — stronger, certainly, than his expertise in economics or financial markets, usual qualifications for the Fed Board of Governors,” The Washington Post’s editorial board opined last weekend, echoing Romney vis-à-vis Cain’s alleged inexperience.

“The Fed’s integrity has been threatened before, by presidents and by members of Congress seeking to bend its awesome powers to their short-term partisan advantage. So far, it has generally withstood those attempts, arguably emerging even stronger. Mr. Trump seems determined to mount another attack, which might succeed unless the Republicans who control the Senate put the nation’s interest above his and refuse to go along.”

Just as it’s unclear what about the former Godfather’s Pizza CEO is partisan, it’s equally unclear how exactly he lacks experience, especially given as he previously served on the Kansas Federal Reserve.

“From 1995 to 1997, he served as chairman of the Federal ­Reserve Bank of Kansas City, having served as deputy chairman for two years before that. If that’s not relevant experience, what’s the point of the Regional Bank Boards?” New York Post columned Karol Markowicz notes.

After the president announced last month that he also intends to nominate economic commentator Stephen Moore, the cofounder and former president of the Club for Growth, to serve on the Federal Reserve, similar accusations of alleged inexperience were trotted out.

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Vivek Saxena

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