Wednesday, April 17, 2019

IS MITT ROMNEY A CLOSET RACIST? The Reason He's Against Herman Cain on Federal Reserve Board

Is Mitt Romney a closet racist is that the reason he is against Herman Cain’s nomination to the Federal Reserve Board? Does his objection go back to his Mormon upbringing?
Image result for mitt romney herman cain
On June 8, 1978, the LDS Church's First Presidency released an official declaration which would allow "all worthy male members of the church [to] be ordained to the priesthood without regard to race or color.

It can’t be because Cain isn’t qualified, Cain was chairman of the Federal Reserve Bank of Kansas City Omaha Branch from 1989 to 1991. He was deputy chairman, from 1992 to 1994, and then chairman until 1996, of the Federal Reserve Bank of Kansas City.

Sen. Mitt Romney (R-UT) was among one of the earliest Republicans to come out against Cain, saying 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.

What Romney is saying is that he’s for higher interest rates that stifle entrepreneurship and the middle class from home ownership.