Republicans press Trump to drop Herman Cain’s Fed nomination

Senate Republicans are warning the White House that the 2012 presidential candidate will face one of the most difficult confirmation fights of Donald Trump’s presidency and are making a behind-the-scenes play to get the president to back off, two GOP senators said.

.. Republican senators have generally waved through Trump’s nominees over the past two years, but they are reluctant to do the same for the Fed, amid fears that Trump’s push to install interest-rate slashing allies will politicize the central bank.

The resistance comes as Senate Republicans also actively are pressing Trump to halt his purge at the Department of Homeland Security and reconsider economy-damaging auto tariffs.

Some GOP senators said that Cain’s difficult path might have eased Stephen Moore’s confirmation to the Fed, despite Moore’s own problems with unpaid taxes and his partisan reputation. After all, Republicans might be hard-pressed to revolt against both of Trump’s nominees.

..“I think the chances of getting both through, I would say at the moment, are pretty steep,” Thune said.

Neither Moore nor Cain has been officially nominated. A senator familiar with the nominations said Trump is “full speed” ahead on Cain even though FBI background checks and documentations of sexual harassment allegations have not yet been submitted to the Senate. A person familiar with the process expects the background check to raise more questions about Cain.

With that in mind, Republicans are trying to dissuade Trump from a brutal political fight that would highlight intraparty divisions; the nominations need a simple majority and no Democratic support can be counted on.

Trump’s intent to nominate Cain marks one of his most brazen moves yet to take on his own party, coming on the heels of his emergency declaration at the southern border that went against the wishes of GOP senators who stood by Trump during the shutdown.

And once again, Republicans are sending the president clear signals: Pick someone with less partisan credentials and less baggage. While Cain did serve on the Kansas City Federal Reserve Board, Senate Republicans say he now largely appears to be a Trump surrogate.

“I don’t think Herman Cain will be on the Federal Reserve Board, no. I’m reviewing [Moore’s] writings and I’ll make a determination when I have done so,” said Sen. Mitt Romney (R-Utah), who ran against Cain in the 2012 presidential race and seems confident Cain will either be derailed or not officially nominated.

“I feel that we can’t turn the Federal Reserve into a more partisan entity,” Romney added. “I think that would be the wrong course.”

.. Cain later endorsed Romney in 2012, but one of Romney’s colleagues said the Utah senator “is not fond of Herman.” Cain also challenged Sen. Johnny Isakson (R-Ga.) in a 2004 Senate primary race.

But more troubling to some in the Senate is that Cain founded pro-Trump group America Fighting Back.

“Do you seriously want a guy on the Fed that has a whole organization, the only purpose of it is to encourage Republicans to do whatever the president says he’d like you to do?” said one Republican senator distressed about the nomination. The senator said confirming Cain would be “hard,” but his nomination alone “might confirm Stephen Moore.”

Cain’s group recently said in a fundraising request that Republicans who opposed the president’s emergency declaration were “traitors.”

The rosier reception for Moore comes in part because Republicans will be reluctant to reject two of Trump’s Fed nominees, given their desire to protect their already shaky relationship with the president. In addition to their opposition to Trump’s tariff threats and his shake-up at the Homeland Security Department, Republicans also recently forced him to back off his demand for a new GOP health care bill.

Yet it’s not clear at all that the president is keeping in mind the fact that he will need to get 50 of 53 Senate Republicans to vote for these nominees. Asked about Cain, Sen. Pat Roberts (R-Kan.) said only: “I was not aware it was that serious of a consideration.”

Stressing that he was not singling out Cain, Sen. John Cornyn (R-Texas), a whip for six years, said the White House must simply do more to consult with Capitol Hill.

“It’s really important for the White House to work with us as they’re contemplating nominees to make sure that both the White House has reasonable expectations about confirmations. We can also communicate with the White House about what the challenges of a confirmation may be,” Cornyn said.

.. It’s not clear the president quite realizes the scale of the potential task ahead to confirm his two Fed picks. A half-dozen GOP senators are bracing for competitive races next year and do not want to be seen as Trump’s lackeys. Voting against those nominees could help them assert their independence in their voting record.

Then there are senators like Romney and Isakson who have shown little fear in confronting Trump of late. Romney voted against Trump’s national emergency declaration, while Isakson stepped into a void of Senate Republicans to defend the late Sen. John McCain (R-Ariz.) from Trump’s attacks.

They won’t be alone in scrutinizing these nominees.

“Mr. Cain did serve on the regional Federal Reserves, so that is good experience. His wanting to return to the gold standard is something that is very controversial. And I don’t know the details at this point about the sexual harassment allegations against him,” said Sen. Susan Collins (R-Maine). “Stephen Moore appears to have a host of financial and other issues that are going to need to be explored, as well as the fact that he is a very unconventional choice.”

 

The Republican Hypocrisy Hall of Fame

The security clearance of any officer or employee of the federal government who has exercised extreme carelessness in the handling of classified information shall be revoked.” — Senate Bill 3135, co-sponsored last year (to shame Hillary Clinton) by 16 Republican senators: Cory Gardner, John Cornyn, Shelley Moore Capito, Tim Scott, James Risch, Pat Roberts, Dean Heller, Kelly Ayotte, John Barrasso, David Perdue, Johnny Isakson, Thom Tillis, John Thune, David Vitter, Mike Rounds and James Inhofe

“Those who mishandled classified info have had their sec clearances revoked, lost their jobs, faced fines, & even been sent to prison.”

— Reince Priebus, tweet, July 6, 2016

The Senate Takes Up Health Care Reform

The Senate will take up health care reform after a revised version of the American Health Care Act (AHCA) passed through the House last Thursday.

Senator Roy Blunt (R-MO), a member of Senate leadership, said that the Senate will wait for a new CBO score before preceding to a vote.

.. Mick Mulvaney, head of the Office of Management and Budget, said, “The bill that passed out of the House is most likely not going to be the bill that is put in front of the president.”

Members of the working group include Sens.

  1. Mitch McConnell,
  2. Bob Portman (R-OH),
  3. John Corynyn (R-TX),
  4. John Thune (R-SD),
  5. Mike Enzi (R-WY),
  6. Orrin Hatch (R-UT),
  7. Lamar Alexander (R-TN),
  8. Tom Cotton (R-AR),
  9. Cory Gardner (R-CO),
  10. Ted Cruz (R-TX),
  11. John Barrasso (R-WY), and
  12. Pat Toomey (R-PA).

.. The Senate working group does not feature two of the bill’s biggest critics, Senators Susan Collins (R-ME) and Bill Cassidy (R-LA).

.. The two senators joined a separate group of Republicans studying potential health care solutions including Sens.

  1. Shelley Moore Capito (R-WV),
  2. Johnny Isakson (R-GA), and
  3. Mike Rounds (R-SD)
  4. Susan Collins (R-ME)
  5. Bill Cassidy (R-LA)

.. Senators Cassidy and Collins released a separate Obamacare repeal bill, The Patient Freedom Act.

States have three options under the Cassidy-Collins plan:

  1. Retain the Affordable Care Act, allowing individuals and small businesses able to purchase insurance on state exchanges and low-income residents can receive federal subsidies to cover the cost of the program. States that expanded Medicaid can continue to provide increased Medicaid coverage.
  2. States can receive most of the federal funding, including Medicaid expansion and subsidies to create tax-free Health Savings Accounts for low-income citizens. Low-income residents can use the HSAs to purchase insurance and pay for health care.
  3. Allow states to create an alternative solution without federal assistance. States would retain the power to design and regulate insurance markets without federal intervention.

.. Senators Rand Paul (R-KY), Mike Lee (R-UT), and Ted Cruz (R-TX) were the strongest opponents of the American Health Care Act. Senator Paul crafted his own conservative plan for repealing Obamacare and worked with the Freedom Caucus to push for an even more conservative Obamacare repeal bill. The Freedom Caucus endorsed Sen. Paul’s plan.