This was originally going to be a comment in response to Barbara Curtis’ post Herman cain: the one to watch over at Mommy Life, a blog that I regularly read. The more I thought about what I wanted to say, though, the more I realized that I needed more space than the particular forum of ‘commenting’ could offer. Now, this isn’t so much a rebuttal to Barbara’s post as it is a discussion of concerns. I’ll admit that there was a time that I was excited about Herman Cain. In fact, when I heard about his recent results in a Florida straw poll, I was encouraged. While he was not the candidate that I currently feel that I agree with the most, I did feel like he was someone that I could contemplate getting behind.
But I noticed something that concerned me. He was a chairman for the Federal Reserve Bank of Kansas City from 1995-1996. Hm. The Fed. Granted, it was just a year. But a chairman? Oh my. Then I did some digging. Apparently he was a Class C Chairman, which don’t deal directly with the banking policy. In fact,
These directors are highly insulated from banking relationships. They may not be an officer, director or employee of a bank or bank holding company. Additionally, these directors may not own stock in a bank or a bank holding company.
Cain was selected due to his business acumen.
– “Herman Cain worked at the Federal Reserve … So What?”
A’ight. So the whole “chairman” thing could be much ado about nothing. But then I heard what Herman Cain actually had to say about the Federal Reserve.
He says that an audit “is not necessary”. We have bigger problems, apparently… and we should just take the time to call up our local Fed office and have them explain to us exactly what is going on with our country’s monetary policy. Yeahhhhh. Am I the only one that thinks that this is a very naive view? Rather than re-hash why the Fed needs to be reviewed, let me direct you to do some Googling of things like “End the Fed”, or read 19 Reasons Why the Federal Reserve Is At The Heart of Our Economic Problems. He can say that we have bigger problems to face, but I would counter that the Federal Reserve is at the heart of many of those economic problems.
Above and beyond my disillusionment with his apparent naivete, today I read that he thinks these concerns are stupid! In fact, he thinks that the people who show up at his events, asking questions about where he stands on the Federal Reserve, are deliberate plants from other campaigns. Never mind that nearly 75% of Americans want a full audit of the Federal Reserve.
“I know it’s a deliberate strategy.” Cain writes, “How can a person randomly show up at a hundred events and ask the same stupid question to try to nail me on the Federal Reserve?”
…excuse me? Nearly 75% of Americans want an audit, that’s how, Mr. Cain. It’s not a stupid question, thank you. We have legitimate concerns. Declaring that a legitimate concern of We The People is stupid, is just.. well, I hate to say it, but rather Obamaesque, wouldn’t you agree?
And, is it just me, or in that clip that I have earlier in the post… doesn’t he say that he doesn’t think we need to audit the Fed? We have more important things to do, right? Then why does he say the following:
“I have said: ‘I don’t think you’re going to find anything to audit on the Federal Reserve.’” Cain writes. “But they (Ron Paul supporters) want you to believe that Herman Cain doesn’t want the Federal Reserve to be audited.”
“It’s really becoming annoying more than anything else.” Cain states.
So, either he’s naive, or just plain dismissive. Or perhaps both. I’m not really sure. But suffice to say, I’m worried. Now, I know that we’re not going to agree 100% with ANY candidate on everything. It’s just not going to happen. But this combination just leaves me feeling a little disillusioned about Mr. Cain. (Let’s not even get started about the Federal Reserve’s latest intimidation tactic…)
Aside from the Federal Reserve issue, I read an interesting analysis of just how much we would be paying under his 9-9-9 plan. Hm. Who comes out ahead here?
I just want to reiterate that a) I love reading Mommy Life, b) I love a lot of what Barbara Curtis has to say, and c) I’m not trying to attack her or Herman Cain. It’s just that there was a time when I would have seen a political recommendation like that on the blog of someone whom I respect, and would have automatically assumed that they were someone I could get behind. Now that was naive of me. If you don’t have a problem with the Federal Reserve, and none of the thing I mentioned concern you, good for you. If you find that the things that concern you about Cain concern you less than your concerns about other candidates, so he’s who you want to support, good for you. Basically, I just wanted to point these things out so that the knowledge was out there as you make a decision about candidates to support. I hope that made sense. I’m typing this with a squirmy six-month-old on my lap who wants to help me type 😉 so I am trying to throw this out there as quickly as possible. Pardon the wonderful grammar and sentence structures, please.