Thursday, October 06, 2011

Cain: "VOTERS concerns over the FEDERAL RESERVE are STUPID"

Oct 6, 2011

Herman Cain, former deputy chairman (1992–94) and chairman (1995–96) of the board of directors of the Federal Reserve Bank of Kansas City says quote:

‘I don’t think you’re going to find anything to audit on the Federal Reserve.’

“But they (Ron Paul supporters) want you to believe that Herman Cain doesn’t want the Federal Reserve to be audited.”

So, Mr Cain, are you down with an audit of the Federal Reserve or not?

 Polls have consistently revealed that at least 75% of the American people want a full audit of the Fed, and the majority were against reconfirming Bernanke.

Bloomberg noted last December:

A majority of Americans are dissatisfied with the nation’s independent central bank, saying the U.S. Federal Reserve should either be brought under tighter political control or abolished outright, a poll shows.
Americans across the political spectrum say the Fed shouldn’t retain its current structure of independence. Asked if the central bank should be more accountable to Congress, left independent or abolished entirely, 39 percent said it should be held more accountable and 16 percent that it should be abolished. Only 37 percent favor the status quo.
In light of these facts, Cain seems totally out of touch with what voters core concerns are, especially libertarian leaning republican and independent voters. To describe questions over the Federal Reserve as “stupid” and “annoying” betrays a disconnect with the American people on the whole.
Furthermore, for Cain to insinuate that Ron Paul’s campaign is deliberately seeking to sabotage Cain’s own platform smacks of desperation and paranoia to say the least.


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