Herman Cain: Past Chairman of the Kansas City Fed

[deminks]

Well, that little tidbit is not being talked about very much. An Alan Greenspan wannabee.

http://www.theatlantic.com/politics/archive/2011/05/herman-cain-from-federal-reserve-chairman-to-tea-party-champion/239519/

There's no question that Herman Cain is the big winner in the the latest national Gallup poll of Republican presidential primary contenders, where he won 8 percent support. That's higher than Tim Pawlenty, Jon Huntsman, Michele Bachmann or Rick Santorum. Most voters still haven't heard of Cain or think of him simply as the black tea party candidate and former Godfather's Pizza CEO who once hosted a talk radio show.

But Cain has a fascinating background and has followed a political path that's the opposite of what you normally see. It's not uncommon to move from the fringes of the business world to the center of the political world: Harry Truman was a haberdasher and became president; Tom DeLay was an exterminator and became House majority leader. But it's rare for someone to journey from the top of the business world to the tea party political fringe. That's what Cain has done. Although it hasn't gotten much attention, he was actually chairman of the Kansas City Federal Reserve Bank in the mid-1990s. That's the epitome of the Establishment and the opposite of the tea party.

(snip)

I had better luck with Drue Jennings, a Kansas City lawyer who served with Cain on the Federal Reserve Board and succeeded him as chairman. Jennings is quite fond of his old colleague. "Herman was a pleasure to work with," he told me. "His views were pretty consistent with those of the Fed at the time. Alan Greenspan was, of course, chairman and Herman was in lock stop with the policies of the Fed." Jennings added that this was not atypical; he could not recall a single dissent from anyone during this three-year term. Still, he said, Cain was no pushover. "He's a guy you'll never find in a gray area," Jennings said. "He's intelligent, well spoken, and very assertive to the point of almost being aggressive. He's anything but shy."

(snip)

On Tuesday, an alarmed Glenn Beck nearly had a breakdown when he heard the news. "You were a Fed chairman?!" he exclaimed to Cain.

(end snips)

One clown after another, after another, after another.....