WC Varones

Don't lend your hand to raise no flag atop no ship of fools

Herman Cain candidacy implodes as he endorses bubble-blower Alan Greenspan as model Fed Chairman

You may have noticed that I haven't had a kind word to say about Herman Cain even as he's risen in the Republican polls. He seemed an empty suit in his first debate appearance, and his thin resume is not a selling point in a country just burned by electing a community organizer.

Well, tonight's endorsement of Father of the Economic Collapse Alan Greenspan should be the final nail in the coffin of Herman Cain's electoral prospects.
Moderator: Which Fed Chairman has been most effective.

Cain: Greenspan [would serve as model] for Federal Reserve chairman. We should not eliminate the Fed, but fix the Fed.

Paul: Greenspan was a disaster. [Applause]. Greenspan kept interest rates too low to long. Paul Volcker was the best chair because he tried to address inflation. Bernanke compounds the problem started by Greenspan.


Cain was previously Chairman of the Board of the Federal Reserve Bank of Kansas City, which I'm led to believe is some sort of ceremonial position for business leaders who have absolutely no idea what the f the Fed does. Which is the charitable interpretation: he's an idiot, not a conspirator.

Cain doesn't have the excuse that he was unprepared or shouldn't have known. He worked for the Fed during the Greenspan bubble-blowing years, and he has seen the financial and economic collapse in Greenspan's wake. This man is not qualified to be dogcatcher.

HT: Sarah

4 comments:

adam said...

Absolutely. I'm not saying he will, but with that little sound bite and Barack O'cheney in the white house, there is a good chance ron paul can win as an independent. Not that he has to! Just saying...

Doo Doo Econ said...

The position has a hand in fed policy which has been downgraded over the last few years.

Anonymous said...

Correct!

Anonymous said...

Zzzzzzz - learn to write.

Related Posts Plugin for WordPress, Blogger...

Contact Us

e-mail: wcvarones *at* yahoo *dot* com

Blog Archive