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Herman Cain pulls out of consideration for the Fed job (Original Post)
mobeau69
Apr 2019
OP
Aristus
(66,075 posts)1. I hope he pulls out of everything.
The fewer people like him in the world, the better.
TwilightZone
(25,342 posts)2. Again?
First, it was reported he withdrew, then he released a statement saying he wasn't.
He's out (again)? Is he sure this time?
mobeau69
(11,074 posts)3. It's a zoo.
TwilightZone
(25,342 posts)6. With revolving doors on the cages.
Well, except the ones at the border.
MineralMan
(146,189 posts)4. Appointus Interruptus?
That's not a reliable form of contraception. Risky business...oh, wait...never mind...too late, dammit!
Chipper Chat
(9,634 posts)5. Awwwwwwwwwoooooouuuuuu
SHUCKY DUCKY
gratuitous
(82,849 posts)7. You want to know why?
Cain didn't want to take a pay cut:
No Sacrifice Too Great in Service to the Country - Unless You're Talking about Money
Embattled Federal Reserve pick Herman Cain says he is withdrawing his name from consideration for a seat on the bank's powerful board of governors for a simple reason: He doesn't want a pay cut.
* * *
"Without getting too specific about how big a pay cut this would be, let's just say I'm pretty confident that if your boss told you to take a similar pay cut, you'd tell him where to go," Cain wrote.
Salaries of board members are set annually by Congress. For 2019, Cain would have received a yearly salary of $183,100. The Fed chair and the vice chairman are paid $203,500.
* * *
"Without getting too specific about how big a pay cut this would be, let's just say I'm pretty confident that if your boss told you to take a similar pay cut, you'd tell him where to go," Cain wrote.
Salaries of board members are set annually by Congress. For 2019, Cain would have received a yearly salary of $183,100. The Fed chair and the vice chairman are paid $203,500.
What a mealy-mouthed little coward.