Cain has not only said he wants to keep the Federal Reserve running, but he sees no need for an audit.
True enough. All the candidates will have to answer the tough questions, no exceptions.
Let me guess.......Anybody but the Black Man right? (Paultards are so transparent)
I participated in a teleconference with him on Wednesday afternoon; the very first question was about the Federal Reserve. You are correct in saying that he wants to keep the Fed and does not want to "end it." He said, "Don't END the Fed; fix it."
His follow-up question to people who do want to end it is, "If you end it, what would you replace it with?"
Then he said that auditing the Fed is OK, but he is "not leading that parade."
I was left with the impression that, as President, he would support (perhaps appoint) someone else taking the lead on that project, but as President he wouldn't DO it himself.
As a former federal agent who investigated employee benefit plans, I can tell you that if there is nothing to hide, then an audit can do no harm. I was always raising the reed flag when pension trustee told me there was no need for an audit.
That being said, I hope Cain is willing to openly discuss this sooner rather than later because I really like this guy.