Herman Cain called these Republicans 'traitors.' Now his nomination to the Fed is in danger.
Having given up on his previous habit of appointing normal picks to the Federal Reserve, President Donald Trump has veered off course and announced that he'll be nominating two extreme partisans and sloppy thinkers: former GOP presidential candidate Herman Cain and CNN analyst Stephen Moore.
But as a new Politico report reveals, Cain's nomination, in particular, looks seriously troubled.
In part, Republican senators are worried about his hyper-partisanship. He's become such a rabid Trump defender that he's even attacking Republicans critical of Trump. In a recent release from his group Fighting Back, he attacked the 12 GOP senators who voted against the president's national emergency declaration as "traitors," saying they "stabbed" Trump in the back, as Media Matters first pointed out. When he needs at least 50 of the 53 sitting GOP senators to vote for his confirmation, offending 12 of them doesn't bode well for his chances off the bat.
Cain has other seriously disqualifying factors. There are at least four known sexual harassment allegations against him that torpedoed his presidential bid, including two legal settlements to former employees. This was bad when he ran for president in 2012, and it could be taken even more seriously following the Me Too Movement.
And while Cain has served on the Kansas City Federal Reserve board, he's known to have wacky views on policy — including a fondness for the gold standard.
Multiple Republican senators who spoke to Politico seemed doubtful of the Cain nomination, including Sen. Mitt Romney (R-UT), who outright said he doesn't think the pick will be confirmed. But while this likely loss for Trump is something of a setback, it could also end up benefiting him. Politico suggests that GOP senators would hesitate to turn down two of Trumps Fed picks in a row, meaning Cain's falling chances could raise Moore's stock. Moore is a completely unqualified hack who makes basic errors, and even some conservative economists have spoken out against him. But he may yet end up playing a role in crafting the United States' monetary policy for years to come.
Neither Moore nor Cain has been officially nominated, though, leaving Trump an option other than defeat: He could potentially surrender and back off both picks if he realizes they won't make it through confirmation.