Perspective: If Republicans can’t stomach Herman Cain for the Fed, how on earth can they tolerate Stephen Moore?
Stephen Moore, visiting fellow at the Heritage Foundation, speaks during a Bloomberg Television event in D.C. on March 22. By Matt O'Brien Matt O'Brien Reporter covering economic affairs Email Bio Follow Reporter April 17 at 11:56 AM In the end, it doesn’t look as though President Trump is going to get the partisan cheerleader he wanted on the Federal Reserve.
That’s clear enough if you compare the two. Cain was a pizza executive turned presidential candidate who, despite his impressive-sounding-but-mostly-ceremonial job as chairman of the Kansas City Fed’s Board of Directors, had no experience either making monetary policy, studying it or working in financial markets.
Cain has faced four accusations of sexual harassment from his time as a business leader; Moore, for his part, has admitted to emotionally abusing his ex-wife, was found in contempt of court in 2013 for failing to pay her $330,000 in alimony and child support and is reportedly still settling with the IRS more than $75,000 it says he owes in taxes.
As far as Republican senators are concerned, though, none of this might matter as much as what, to them, could be the biggest difference between the two: Cain, unlike Moore, founded a pro-Trump super PAC that called some of those senators “traitors.” Which, together with the fact that they might not want to oppose both of Trump’s picks, is why there’s a very good chance that Moore could get confirmed when Cain could not.
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