Cain will learn the same when he finds out that a NRST is probably unconstitutional. That's the nature of politics these days. Stop acting like a crybaby.
This Greenspan:
Former Federal Reserve chairman Alan Greenspan Thursday offered a spirited defense of the controversial H-1B program program, telling a U.S. Senate subcommittee that the visa quota is "far too small to meet the need," and that it protects U.S. workers from global competition, creating a "privileged elite."
The Age of Turbulence: Adventures in a New World
Of all the presidents with whom he worked, he praises Bill Clinton above all others, saying that Clinton maintained “a consistent, disciplined focus on long-term economic growth.
(Wow, what about Reagan?)
“Republicans deserved to lose the 2006 elections.”
1998 bailout of Long Term Capital
Some industry officials said that Federal Reserve Bank of New York involvement in the rescue, however benign, would encourage large financial institutions to assume more risk, in the belief that the Federal Reserve would intervene on their behalf in the event of trouble. Federal Reserve Bank of New York actions raised concerns among some market observers that it could create moral hazard.
LTCM’s strategies were compared (a contrast with the market efficiency aphorism that there are no $100 bills lying on the street, as someone else has already picked them up) to “picking up nickels in front of a bulldozer” – a likely small gain balanced against a small chance of a large loss, like the payouts from selling an out-of-the-money option.
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Cain made the case that the entitlement program was inherently biased against African Americans.
"If that's going to be a transfer from me to white people," Cain said of his own payments into the Social Security trust fund, "can't I at least give it to white people I like?"
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This is Herman Cain: “I get the same stupid question at almost every one of these events, I know it’s a deliberate strategy. 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?”
Cain lied in the debate.
Cain responded by claiming he never dismissed Ron Paul or his supporters as “ignorant” for asking about the Federal Reserve, and that the error was down to Paul believing what he read on the Internet. (maybe not, he called them stupid)
Cain on radio—No Need To Audit the Federal Reserve
Transcript:
Some people say we ought to audit the Federal Reserve. Here's what I do know. The Federal Reserve already has so many internal audits it's ridiculous. I don't know why people think we're going to learn this great amount of information by auditing the Federal Reserve.... Here's the advice I've given to people who are worried about an audit of the Federal Reserve. Call them up and ask them! You can stop by and have one of their P.R. people or one of their public relations people explain to you how the Federal Reserve operates. I think a lot of people are calling for this audit of the Federal Reserve because they don't know enough about it. There's no hidden secrets going on in the Federal Reserve to my knowledge. And I tell people, we've got 12 Federal Reserve Banks. Find out which district you are in, call them up and go from there. We don't need to waste money with another commission or an audit. That is not necessary because folks, we've got a lot of other problems we've got to worry about.