I had planned to talk about this thoughtful article on congestion pricing and how free roads aren't really free, but just a few minutes ago I saw a headline that made me laugh out loud:
President Trump is planning to nominate former GOP presidential candidate Herman Cain to the Federal Reserve’s board of governors, two people familiar with the push said, a move that would significantly escalate the White House’s effort to exert political pressure on the U.S. central bank.
A Senate GOP leadership aide, speaking on condition of anonymity to discuss the nominee’s prospects, predicted that Cain would ultimately not have the support to be confirmed.
Sen. Sherrod Brown (Ohio), the ranking Democrat on the Banking Committee, suggested Cain and Moore were both underqualified for the Fed board.
"I thought it was a joke at first when I heard that, but I guess it's at least as serious as Stephen Moore," he said. "I'll just leave it at that for now."
"Underqualified." No, I'm underqualified for the Fed. The administration's proposed nominees are so unqualified laughter is the only option at this point. Remember, Cain is the guy who ran for president in 2012 without the slightest guess about the location (or names) of several strategically-important countries, making Rex Tillerson look like a Rhodes scholar.
Remember, these guys hate competence, especially in government. But wow, I didn't think they'd go this far. It's hard to believe Trump filed for bankruptcy all those times, with his giant brain.