In a … turn of events, Herman Cain is now expected to pull himself from consideration for the Federal Reserve’s Board of Governors thanks to opposition from Republican lawmakers, according to ABC News. Donald Trump announced last week that he intended to nominate the former Godfather’s Pizza CEO and failed presidential candidate for a seat at the central bank. But the idea has been received poorly on Capitol Hill, where four different GOP senators—Lisa Murkowski of Alaska, Mitt Romney of Utah, Cory Gardner of Colorado, and Kevin Cramer of North Dakota—have now announced that they would not vote to confirm him, effectively dooming Cain’s candidacy before it was ever made official.
Cain’s brief and abortive Fed bid seems to have been done in by a number of factors, all of which were readily foreseeable from the moment he emerged as a contender. Romney, who briefly faced off against Cain in 2012, focused on the former restaurant exec’s glaring lack of qualifications for the job and close political relationship to Trump (he campaigned for the president in 2016 and runs a political action committee dedicated to re-electing him). “I don’t think Herman Cain will be on the board of the Federal Reserve,” the freshman senator said earlier this week. “It’s important that the board be comprised of people who are academics, economists, and not people who are highly partisan.” (On Thursday, Romney was even more dismissive, joking with reporters that “if Herman Cain were on the Fed, you’d know the interest rate would soon be 9-9-9.”) Cramer said that he was comfortable with Cain’s resume, but the sexual harassment allegations that capsized his presidential campaign more than seven years ago were a deal breaker. “His showmanship doesn’t bother me, his business experience I think is great, simplifying the tax code is fine by me, but character still does matter,” Cramer said. (Read more from “Murkowski, Other RINOs Kill Trump’s Appointment of Herman Cain” HERE)