The dough now starts, this idiot knows zilch about economic theory of finance
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PIZZA MAN APPOINTED TO FED BOARD
2019-04-04 22:21:58
2019-04-04 22:27:50
In reply to Emir
he knows about delivery!
2019-04-04 22:42:55
In reply to Emir
Like a coffee man running for president.
2019-04-04 22:45:18
In reply to Emir
Education and career
Cain received a master of science in computer science from Purdue University[6] in 1971 while he also worked full-time as a ballistics analyst for the U.S. Department of the Navy as a civilian.[34]
After completing his master's degree from Purdue, Cain left the Department of the Navy and began working for The Coca-Cola Company in Atlanta as a computer systems analyst. In 1977, he moved to Minneapolis to join Pillsbury,[35] soon becoming director of business analysis[36] in its restaurant and foods group in 1978.[9][37]
Burger King
At age 36 Cain was assigned in the 1980s to analyze and manage 400 Burger King stores in the Philadelphia area. At the time, Burger King was a Pillsbury subsidiary. Under Cain, his region posted strong improvement in three years.[8][38] According to a 1987 account in the Minneapolis Star Tribune, Pillsbury's then-president Win Wallin said, "He was an excellent bet. Herman always seemed to have his act together."[9] At Burger King, Cain "established the BEAMER program, which taught our employees, mostly teenagers, how to make our patrons smile" by smiling themselves. It was a success: "Within three months of the program's initiation, the sales trend was moving steadily higher."[39]
Godfather's Pizza
Cain's success at Burger King prompted Pillsbury to appoint him president and CEO of another subsidiary, Godfather's Pizza. On his arrival on April 1, 1986, Cain told employees, "I'm Herman Cain and this ain't no April Fool's joke. We are not dead. Our objective is to prove to Pillsbury and everyone else that we will survive."[9] Godfather's Pizza was performing poorly, having slipped in ranks of pizza chains from third in 1985 to fifth in 1988.[8] Under Cain's leadership, Godfather's closed approximately 200 restaurants and eliminated several thousand jobs, and by doing so returned to profitability.[29] In a leveraged buyout in 1988, Cain, executive vice president and COO Ronald B. Gartlan, and a group of investors bought Godfather's from Pillsbury.[8]
Federal Reserve Bank of Kansas City
Cain served as chairman of the board of the Federal Reserve Bank of Kansas City Omaha Branch from January 1, 1989, to December 31, 1991.[10] He became a member of the board of directors of the Federal Reserve Bank of Kansas City in 1992.[10] He served as deputy chairman from January 1, 1992, to December 31, 1994, and then as its chairman until August 19, 1996,[10] when he resigned to become active in national politics.[40]
National Restaurant Association
Cain left Godfather's Pizza in 1996 and moved to Washington, D.C. From 1996 to 1999 he served as CEO of the National Restaurant Association, a trade group and lobbying organization for the restaurant industry, on whose board of directors he had previously served.[13] Cain's lobbying work for the association led to a number of connections to Republican lawmakers and politicians.[29] Under Cain's leadership, the Association lobbied against increases to the minimum wage, mandatory health care benefits, regulations against smoking, and lowering the blood alcohol limit that determines whether one is driving under the influence.[41]
Cain was on the board of directors of several companies, including Aquila, Inc., Nabisco, Whirlpool, Reader's Digest, and AGCO, Inc.[9][15][16]
After Cain's term with the restaurant advocacy group ended in 1999, he returned to Omaha for about a year, then moved to his hometown of Atlanta in 2000.[42]
Education and career
Cain received a master of science in computer science from Purdue University[6] in 1971 while he also worked full-time as a ballistics analyst for the U.S. Department of the Navy as a civilian.[34]
After completing his master's degree from Purdue, Cain left the Department of the Navy and began working for The Coca-Cola Company in Atlanta as a computer systems analyst. In 1977, he moved to Minneapolis to join Pillsbury,[35] soon becoming director of business analysis[36] in its restaurant and foods group in 1978.[9][37]
Burger King
At age 36 Cain was assigned in the 1980s to analyze and manage 400 Burger King stores in the Philadelphia area. At the time, Burger King was a Pillsbury subsidiary. Under Cain, his region posted strong improvement in three years.[8][38] According to a 1987 account in the Minneapolis Star Tribune, Pillsbury's then-president Win Wallin said, "He was an excellent bet. Herman always seemed to have his act together."[9] At Burger King, Cain "established the BEAMER program, which taught our employees, mostly teenagers, how to make our patrons smile" by smiling themselves. It was a success: "Within three months of the program's initiation, the sales trend was moving steadily higher."[39]
Godfather's Pizza
Cain's success at Burger King prompted Pillsbury to appoint him president and CEO of another subsidiary, Godfather's Pizza. On his arrival on April 1, 1986, Cain told employees, "I'm Herman Cain and this ain't no April Fool's joke. We are not dead. Our objective is to prove to Pillsbury and everyone else that we will survive."[9] Godfather's Pizza was performing poorly, having slipped in ranks of pizza chains from third in 1985 to fifth in 1988.[8] Under Cain's leadership, Godfather's closed approximately 200 restaurants and eliminated several thousand jobs, and by doing so returned to profitability.[29] In a leveraged buyout in 1988, Cain, executive vice president and COO Ronald B. Gartlan, and a group of investors bought Godfather's from Pillsbury.[8]
Federal Reserve Bank of Kansas City
Cain served as chairman of the board of the Federal Reserve Bank of Kansas City Omaha Branch from January 1, 1989, to December 31, 1991.[10] He became a member of the board of directors of the Federal Reserve Bank of Kansas City in 1992.[10] He served as deputy chairman from January 1, 1992, to December 31, 1994, and then as its chairman until August 19, 1996,[10] when he resigned to become active in national politics.[40]
National Restaurant Association
Cain left Godfather's Pizza in 1996 and moved to Washington, D.C. From 1996 to 1999 he served as CEO of the National Restaurant Association, a trade group and lobbying organization for the restaurant industry, on whose board of directors he had previously served.[13] Cain's lobbying work for the association led to a number of connections to Republican lawmakers and politicians.[29] Under Cain's leadership, the Association lobbied against increases to the minimum wage, mandatory health care benefits, regulations against smoking, and lowering the blood alcohol limit that determines whether one is driving under the influence.[41]
Cain was on the board of directors of several companies, including Aquila, Inc., Nabisco, Whirlpool, Reader's Digest, and AGCO, Inc.[9][15][16]
After Cain's term with the restaurant advocacy group ended in 1999, he returned to Omaha for about a year, then moved to his hometown of Atlanta in 2000.[42]
2019-04-04 22:49:52
In reply to Dan_De_Lyan
Looks like experience to me real economic experience. 
TDS'ers will ask him why he acting all upidity and call him an Oreo. 
2019-04-04 22:54:20
In reply to Dan_De_Lyan
Nothing in his background meets the skill set needed to be effective at the FED.
Those of us in the USA remember him for his laughable 9-9-9 tax policy, which he pronounced the number 9 as na-in and he said it a fast and lyrical style, sounded more like a stand up comic.
2019-04-04 22:58:57
In reply to Emir
[quote] Federal Reserve Bank of Kansas City
Cain served as chairman of the board of the Federal Reserve Bank of Kansas City Omaha Branch from January 1, 1989, to December 31, 1991.[10] He became a member of the board of directors of the Federal Reserve Bank of Kansas City in 1992.[10] He served as deputy chairman from January 1, 1992, to December 31, 1994, and then as its chairman until August 19, 1996,[10/quote]
2019-04-05 05:26:44
In reply to Emir
Is that the same guy who had some kind of woman problem, some problem that negatively affected his candidacy for President?
2019-04-05 06:52:25
In reply to Drapsey
2019-04-05 07:19:14
In reply to maj
Cain served as chairman of the board of the Federal Reserve Bank of Kansas City Omaha Branch from January 1, 1989, to December 31, 1991.[10] He became a member of the board of directors of the Federal Reserve Bank of Kansas City in 1992.[10] He served as deputy chairman from January 1, 1992, to December 31, 1994, and then as its chairman until August 19, 1996, ...
How comes we never saw any of those goodies when he was pitted against Spanky for the Republican presidential candidacy?
I guess his woman transgressions weren't as 'alarming' as Spanky's, so Spanky was the winner by the proverbial mile.
2019-04-05 07:39:41
In reply to Emir
I had the same thoughts about Cain until I found out he actually has experience for the job.
2019-04-05 07:58:29
In reply to black
Apparently that does not matter to the Emir...so is it Politics or racism?
2019-04-05 08:05:02
In reply to Drapsey
Its locker room talk
2019-04-05 08:10:39
In reply to black
Check out the duties and politics of the Kansas Board? Nothing compare to the the FED.
It is like putting the manager of a corner deli to run a flagship Macy's store- you can say they both have experience running stores, right.
This is a political appointment designed to pressure the FED to make political decisions to suit Trump it is bad economics.
The FED's has always been an independent agency steering our monetary policy. Governors have PHD in Economics it is common for these GOV's to spend their career teaching and researching Economics.
Do you remember his 9-9-9 and how absurd he it was and the comical and rudimentary way he tried to sell it- it proved it was not from a person who understands economics.
2019-04-05 08:16:15
In reply to Drapsey
How comes we never saw any of those goodies when he was pitted against Spanky for the Republican presidential candidacy?
he had a run 2012,I think, not 2016 when Trump ran?
2019-04-05 08:24:39
In reply to Emir
If you can go from being a "neighborhood organizer " to Senator...well I don't need to say the rest.
2019-04-05 08:30:18
In reply to Emir
To be fair, very few people are going to have that résumé in a leadership role.
At least he knows the business.
2019-04-05 08:38:18
In reply to Emir
his is a political appointment designed to pressure the FED to make political decisions to suit Trump it is bad economics.
The FED's has always been an independent agency steering our monetary policy. Governors have PHD in Economics it is common for these GOV's to spend their career teaching and researching Economics.
Do you remember his 9-9-9 and how absurd he it was and the comical and rudimentary way he tried to sell it- it proved it was not from a person who understands economics
Most appointments are political.
The question should be, is he qualified?
2019-04-05 08:52:31
In reply to Emir
Exactly
2019-04-05 08:53:58
In reply to maj
Or a Real Estate Developer to President, how did you miss that one
2019-04-05 08:59:06
he spent 7 years in various capacity at the St Louis Fed, that is a whole lot of qualification.
2019-04-05 09:02:13
In reply to Runs
Or an unemployed bartender to Congresswoman. We can play game this all day. At least DT created jobs.
2019-04-05 09:31:43
In reply to maj the vaj
At least DT created jobs.
I suppose you have a point. You're still in his crotch.
2019-04-05 09:35:56
In reply to Runs
Or a Real Estate Developer to President
All he 'developed' were a string of bankrupted casinos, universities, and cheap merchandise (made in China).
Nevermind that he stiffed almost every single contractor and employee that ever worked for and with him.
2019-04-05 09:45:07
In reply to maj
Obama did not create jobs?
2019-04-05 09:45:31
In reply to SnoopDog
We shall see the taxes
2019-04-05 09:56:49
In reply to Runs
Obama did not create jobs?
Listen Bro, the Dotard created lots of jobs for Chinese and Malaysian kids.
2019-04-05 10:06:21
In reply to SnoopDog
You will not hear anything about this.
The U.S. saw its highest level of layoffs in a first quarter since 2009 — employers cut 190,410 jobs in the first 3 months of the year — 10.3% higher than the number of layoffs announced in the fourth quarter of 2018 and 35.6% higher than job cuts announced in the same quarter of 2018. 
I know a couple of high level professionals from top companies who are victims
2019-04-05 10:17:20
In reply to Runs
There is something disconcerting about these job numbers. The reality on the ground is so different than what the numbers say. I am sure there is an explanation somewhere. The gap between the rich and poor still increasing. Essentially no middle class. Some people still cant get full time hours. The quality of the jobs are suspect and corporations still raking in boat loads while workers still lagging behind. I know real professionals who cant find work. The real numbers are not adding up. What is it?
2019-04-05 10:30:15
In reply to carl0002
Need to look at real unemployment to get a better pic and what type of jobs. Also wage growth has slowed. Companies have used the tax break to buy back stocks and increase CEO pay, they did not go on a hiring binge as they were expected to do.
2019-04-05 10:31:56
In reply to Runs
As a private citizen. The government does not create jobs but creates an atmosphere for job creation.
He did create BLM.
2019-04-05 10:49:27
In reply to carl0002
The quality of the jobs are suspect
It's mostly Walmart minimum wage paycheck to paycheck jobs.
2019-04-05 10:50:11
In reply to maj the vaj
As a private citizen.
You're a fcuking idiot. That much is certain.
2019-04-05 10:53:33
In reply to maj
He just discovered a HS civics fact
Compliments to Tucker Carlson
2019-04-05 11:22:09
In reply to Runs and Poopdog
you two need a room.
2019-04-05 11:35:40
In reply to maj the vaj
One would think you would be more grateful for us here giving you a daily kick to the teeth just so you could learn.
Oh well. More licks fuh hard empty head.
2019-04-05 11:38:17
In reply to PoopDog
from Abbot and Costello. Riiight!!
2019-04-05 11:39:27
In reply to maj
You're like that dunce kid which gets a daily beating in school cause his head is full of shyte.
I'm only too happy to administer the licks.
2019-04-05 11:40:29
In reply to SnoopDog
2019-04-05 11:44:52
In reply to carl0002
remember how Trump used to discredit those numbers before he became president?
2019-04-05 11:54:11
In reply to camos
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