Herman Cain Denies Federal Reserve Flip-Flop, Economic Cluelessness

By:  Thomas R. Eddlem
09/30/2011
       
Herman Cain Denies Federal Reserve Flip-Flop, Economic Cluelessness

Republican presidential contender and former Federal Reserve Bank official Herman Cain complains about "stupid" questions from supporters of Rep. Ron Paul, a fellow GOP presidential contender, in a new campaign memoir. Cain, who handily won the September 24 Florida straw poll and is the frontrunner in some recent national polls, complains in his new book This is Herman Cain that "Paulites" are lying about his record when they say he opposed an independent audit of the Federal Reserve Bank.

“I have never said that,” Cain wrote in his book scheduled for release October 4, according to the Daily Caller. “I have said: ‘I don’t think you’re going to find anything to audit on the Federal Reserve.’ But they want you to believe that Herman Cain doesn’t want the Federal Reserve to be audited.”

Cain has indeed stated recently that he favors an audit of the Federal Reserve, the nation's central bank. But critics of Cain point out that the former chairman of the Kansas City branch of the Federal Reserve Bank told a radio audience less than a year ago that Cain opposed an audit. While guest-hosting the the Neil Boortz Show on December 29, 2010, Cain said:

Republican presidential contender and former Federal Reserve Bank official Herman Cain complains about "stupid" questions from supporters of Rep. Ron Paul, a fellow GOP presidential contender, in a new campaign memoir. Cain, who handily won the September 24 Florida straw poll and is the frontrunner in some recent national polls, complains in his new book This is Herman Cain that "Paulites" are lying about his record when they say he opposed an independent audit of the Federal Reserve Bank.

“I have never said that,” Cain wrote in his book scheduled for release October 4, according to the Daily Caller. “I have said: ‘I don’t think you’re going to find anything to audit on the Federal Reserve.’ But they want you to believe that Herman Cain doesn’t want the Federal Reserve to be audited.”

Cain has indeed stated recently that he favors an audit of the Federal Reserve, the nation's central bank. But critics of Cain point out that the former chairman of the Kansas City branch of the Federal Reserve Bank told a radio audience less than a year ago that Cain opposed an audit. While guest-hosting the the Neil Boortz Show on December 29, 2010, Cain said:

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Photo of Herman Cain: AP Images

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