Ron Paul Challenges Cain Over Fed
GOP Debate went for two hours with largely no new points brought
up or any sharp criticisms delivered. That was until late in the
event when Congressman Ron Paul challenged up-and-comer Herman Cain
over his stance on the Federal Reserve.
Given the recent
economic turmoil erupting in America, more and more citizens are
rallying for a regular audit of the Fed a statistic Ron Paul
says is evident in more than three-fifths of America. As a result,
Congressman Paul pinned a question regarding the central bank on
pizzaman Herman Cain, a former bigwig with the Kansas City Fed.
in the past you have been rather critical of any of us who would
want to audit the Fed. You have said you've used pretty strong
terms, that we were ignorant and that we didn't know what we are
doing, and therefore, there was no need for an audit anyway, because
if you had one, you're not going to find out anything, because everybody
knows everything about the Fed," Paul said to Cain. The exchange
came during a section of the debate in which candidates posed questions
to one another.
that we have found and we have gotten an audit, we have found out
an awful lot on how special businesses get bailed out Wall
Street, the banks, and special companies, foreign governments. And
you said that you advise those of us who were concerned, and you
belittled you say call up the Federal Reserve and just ask
them, said Paul.
still stick by this, that that this is frivolous, or do you think
it's very important? the congressman questioned Cain.
and former CEO of Godfather's Pizza, Herman Cain was quick to respond
by denied any allegations that he insulted those that stand by Paul
in pondering the need of the Federal Reserve.
the economic crisis and the role of the Federal Reserve has become
a focal point of the 2012 election, much attention has been directed
away from the fact that Herman Cain became a member of the Kansas
City Fed back in 1992 and went on to serve as chairman of the bank
for over a year.
Cain also dismissed
the allegations that he called critics of the Fed ignorant.
In response to Pauls questions, Cain first fired back, I
don't know where that came from. You've gotta be careful of the
stuff you get off the Internet."
In the hours
since last nights GOP Debate wrapped up, however, audio has
indeed surfaced of Cain saying an audit was not necessary.
people say that we ought to audit the Fed. Here's what I do know.
The Federal Reserve already has so many internal audits it's ridiculous.
I don't know why people think we're gonna learn this great amount
of information by auditing the Federal Reserve, Cain said
in a speech delivered only months earlier on December 29, 2010.
I think a lot of people are calling for this audit of the
Federal Reserve because they don't know enough about it. There's
no hidden secrets going on in the Federal Reserve to my knowledge.
stop there, though. According to the Daily Caller, Cain has previously
written that Paul supporters have tried to destroy him
by bringing up his affiliation with the Fed. Furthermore, he revealed
that he has only become irritated by the nagging as if the
economy wasnt in dire straits.
a person randomly show up at a hundred events and ask the same stupid
question to try to nail me on the Federal Reserve? wrote Cain.
really becoming annoying more than anything else.
with permission from Russia