Some Republicans are actively opposing his consideration for the Federal Reserve Board, while others are standing by the president.
Several Republicans, too, have voiced their opposition, and Majority Leader Mitch McConnell has even gone so far as to urge members of the caucus to reach out to the White House and clue the administration into their concerns before the nomination is official, CNN reports. Yet, while some Republicans have taken issue with Cain’s nomination, others — at least publicly — say they’re plenty open to considering him.
“I think he’s very qualified, he’s a business guy, he’s got experience on the board … out there in Kansas City, so I think he’s a great choice,” said Sen. David Perdue (R-GA), one of Trump’s reliable allies on the Hill who also sits on the Senate Banking Committee, which would oversee Cain’s confirmation hearing.
.. “I think sexual misconduct is wrong,” said Sen. Chuck Grassley (R-IA), while adding, “if it’s a barrier to people being in public office, the president wouldn’t be president.”.. Sen. Mitt Romney (R-UT) was among one of the earliest Republicans to come out against Cain, and Romney has said he worries Cain’s presence would make the Fed a more partisan body, given the former executive’s longstanding political support for Trump. Romney argued last week that Cain would likely help Trump fulfill his plans to slash interest rates and harm the independence of the institution guiding America’s monetary policy.
.. Growing blowback against Cain’s nomination has led Senate Republicans to stage a behind-the-scenes effort to prevent his selection from being formalized by the White House, Politico reports.
“It’s hard for me to imagine that he would be confirmed,” said Sen. Kevin Cramer (R-ND).
Still, there are lawmakers within the Republican Party who remain bullish on Cain’s chances. Supporting Cain could also be a means to align themselves more closely with Trump, especially ahead of 2020.
“I think he’d probably be confirmed,” said Sen. John Cornyn (R-TX), who noted that he did not see Republicans as divided on the matter.
But Cornyn, a top Senate Republican who recently pushed back at Trump’s staffing changes at the Department of Homeland Security, added that he’d like to see more consultation from the White House on nominees down the road.
“I don’t think it’s a given that everybody whose name gets floated, without vetting and without consultation, could get confirmed,” he said.
Republican seem less worried about Stephen Moore
Moore, the second person Trump has said he intends to appoint to the Fed, appears to be getting a warmer reception from Senate Republicans, even though he also faces challenges of his own.
Democrats also view Moore, a current fellow at conservative think tank the Heritage Foundation, as a baldly political choice — and pointedly wonder whether someone who’s encountered personal finance issues in the past is qualified to help run the US’s central bank
.. As Amanda Sakuma wrote for Vox, Moore was previously held in contempt of court for failing to pay child support and alimony to his ex-wife in the wake of their divorce settlement. He also owes more than $75,000 in taxes to the IRS, which he says he’s been paying back in the aftermath of what he claimed was a paperwork-related mishap, according to the Guardian.
Those issues, however, aren’t necessarily disqualifying for all Senate Republicans; multiple lawmakers mentioned that they were familiar with Moore and spoke positively of his consideration.
“I know Stephen Moore, he’s a smart man, he’s the head of Club for Growth,” said Sen. Richard Shelby (R-AL). “We have to do this in regular order, but I think he would probably be a good voice on the Fed. One, he’s got to be nominated first. Second, he’s got to be confirmed.”
“I said, ‘Pay your taxes; pay your support!’” Shelby said, when asked about Moore’s financial problems.
“Stephen is a solid guy, I know Stephen pretty well. I think Stephen has been right about a few things, with regard to the Fed’s treatment of interest rates, especially,” Cramer said. “I want to hear more about the specific issues surrounding some of his financial situations.”
The North Dakota senator added that he did not see Moore’s run-in with the IRS or the divorce settlement being disqualifying for his nomination if he had cleared up both issues.
Some Republicans said they’d be open to vetting both Moore and Cain further as part of the confirmation process, and making a decision after more steps had been taken. The Senate confirmation process is typically used to scrutinize potential concerns about nominees, though these lawmakers could be trying to diplomatically dodge the question of where they actually stand on the latest of Trump’s controversial nominees.
“They’re unconventional picks, and I want to see what the banking committee hearings reveal,” said Sen. Susan Collins (R-ME). “I’m sure there will be many, many questions about both nominees.”
There are several kinds of success stories. We emphasize the ones starring brilliant inventors and earnest toilers. We celebrate sweat and stamina. We downplay the schemers, the short cuts and the subterfuge. But for every ambitious person who has the goods and is prepared to pay his or her dues, there’s another who doesn’t and is content to play the con. In the Trump era and the Trump orbit, these ambassadors of a darker side of the American dream have come to the fore.
.. What a con Holmes played with Theranos. For those unfamiliar with the tale, which the journalist John Carreyrou told brilliantly in “Bad Blood,” she dropped out of Stanford at 19 to pursue her Silicon Valley dream, intent on becoming a billionaire and on claiming the same perch in our culture and popular imagination that Steve Jobs did. She modeled her work habits and management style after his. She dressed as he did, in black turtlenecks. She honed a phony voice, deeper than her real one.
She spoke, with immaculate assurance, of a day when it might be on everyone’s bathroom counter: a time saver, a money saver and quite possibly a lifesaver. She sent early, imperfect versions of it to Walgreens pharmacies, which used it and thus doled out erroneous diagnoses to patients. She blocked peer reviews of it and buried evidence of its failures.
This went on not for months but for years, as Holmes attracted more than $900 million of investment money and lured a breathtakingly distinguished board of directors including two former secretaries of state, George Shultz and Henry Kissinger; a former secretary of defense, William Perry; and a future secretary of defense, James Mattis. What they had before them wasn’t proof or even the sturdy promise of revolutionary technology. It was a self-appointed wunderkind who struck a persuasive pose and talked an amazing game.
She was eventually found out, and faces criminal charges that could put her in prison. But there’s no guarantee of that. Meantime she lives in luxury. God bless America.
Theranos was perhaps an outlier in the scope of its deceptions, but not in the deceptions themselves. In an article titled “The Ugly Unethical Underside of Silicon Valley” in Fortune magazine in December 2016, Erin Griffith tallied a list of aborted ventures with more shimmer and swagger than substance, asserting: “As the list of start-up scandals grows, it’s time to ask whether entrepreneurs are taking ‘fake it till you make it’ too far.”
Wednesday’s testimony and the crisis of American conscience.
I often wonder who didn’t love Donald Trump. I often wonder who left an affection void that he has tried to fill by winning attention, which is not the same thing. He’s turned his life into a marketing strategy. As Michael Cohen said in his testimony on Wednesday, even the presidential campaign was a marketing campaign to build the Trump brand.
In turning himself into a brand he’s turned himself into a human shell, so brittle and gilded that there is no place for people close to him to attach. His desperate attempts to be loved have made him unable to receive love.
Imagine what your own life would be like if you had no love in it, if you were just using people and being used. Trump, personifying the worst elements in our culture, is like a providentially sent gong meant to wake us up and direct us toward a better path.
Nonetheless, his kind of life has an allure for other lonely people who also live under the illusion that you can win love and respect with bling and buzz. Michael Cohen was one of these people. He testified that in serving Donald Trump he felt he was serving a cause larger than self. Those causes were celebrity and wealth.
.. Getting arrested seems to have been a good education for Cohen. He now realizes that Trump will not provide him with the sustenance he needs. I believe that Cohen basically told the truth in his testimony on Wednesday, but I don’t believe that he is a changed man.
There is none of the purgation of self and transformation of spirit that happens among people who have truly been altered. He’s just switched teams and concluded that the Democrats can now give him what he wants, so he says what appeals to them. That may be progress, but it is not moral renewal.
Cohen has left the Thugs for Trump club and passed that baton to certain House Republicans. I would have loved to have been in the strategy session when the House Republicans decided to be incurious about Trump’s sins and crimes but to rip the skin off Cohen.
Normal people have moral sentiments. Normal people are repulsed when the president of their own nation lies, cheats, practices bigotry, allegedly pays off porn star mistresses.
Were Republican House members enthusiastic or morose as they decided to turn off their own moral circuits, when they decided to be monumentally unconcerned by the fact that their leader may be a moral cretin?
Do they think that having anesthetized their moral sense in this case they will simply turn it on again down the road? Having turned off their soul at work, do they think they will be able to turn it on again when they go home to the spouse and kids?
Much remains mysterious about the Enquirer’s actions, and in particular its connections, if any, with President Trump and the government of Saudi Arabia — a possibility that Bezos alluded to in his blog post. Both the Saudis and Trump are aggrieved at The Post, and Trump wrongly blames Bezos for the newspaper’s accurate but unflattering coverage of him. When the Enquirer’s initial article about Bezos’s extramarital relationship was published, the president gloated in a tweet: “So sorry to hear the news about Jeff Bozo being taken down by a competitor whose reporting, I understand, is far more accurate than the reporting in his lobbyist newspaper, the Amazon Washington Post. Hopefully the paper will soon be placed in better & more responsible hands!”
The president would obviously love to see a sale of The Post to a friendlier owner — perhaps Trump pal David Pecker, the chairman and chief executive of AMI. (One is reminded of autocrats such as Hungary’s Viktor Orban, Russia’s Vladimir Putin, and Turkey’s Recep Tayyip Erdogan, who have benefited from bullying media organizations into submission in their own countries.) The Enquirer was threatening Bezos in order to get him to affirm that its coverage was not “politically motivated or influenced by political forces.” Might the Enquirer have, at a minimum, pursued the story to curry favor with Trump?
.. This is apparently not the first time the publication has been accused of extortionate demands. Other journalists, including Ronan Farrow of the New Yorker, have said they were threatened by the Enquirer’s lawyers while investigating the tabloid’s relationship with Trump. And Bezos wrote that “numerous people have contacted our investigation team about their similar experiences with AMI.” These machinations are now being exposed because of Bezos’s smart and courageous decision to confront the Enquirer rather than give in. “I prefer to stand up, roll this log over, and see what crawls out,
.. I suspect David Pecker will rue the day that his friend Donald Trump became president — if he does not already. And he is not alone.
- Paul Manafort had a flourishing business as an international influence-peddler before he became Trump’s campaign chairman. He now faces a long stretch in prison after having been convicted of felony financial charges. Trump’s friend
- Roger Stone has now been indicted for the first time after a long career as a political dirty trickster.
- Michael Flynn, Trump’s first national security adviser, has gone from well-respected general to felon.
- Michael Cohen had a cushy career as Trump’s personal lawyer before his client became president. Now Cohen, too, is a felon. Numerous other Trump associates and family members are facing, at a minimum, hefty legal bills and, at worst, serious legal exposure.
Every organization Trump has been associated with — the Trump Organization, the Trump Foundation, the Trump campaign, the Trump administration — is being investigated by prosecutors and lawmakers. His name, long his biggest asset, has become so toxic that bookings are down at his hotels. And Trump, a.k.a. Individual 1, faces a serious threat of prosecution once he leaves office. Before it is all over, Trump himself may regret the day he became president. His unexpected and undeserved ascent is delivering long overdue accountability for him and his sleazy associates. We have gone from logrolling to having logs rolled over — and it’s about time.