ON ECONOMY
October 11, 2011
Former Utah governor Jon Huntsman, Jr. speaks during the presidential debate sponsored by The Washington Post
and Bloomberg at Dartmouth College in Hanover, New Hampshire, on Tuesday. Talk show host Charlie Rose
moderates the event, featuring eight Republican candidates. (Toni Sandys - THE WASHINGTON POST)
Bloomberg-Washington Post New Hampshire Debate
“Mr. Cain, in the past, you've been rather critical
of any of us who would want to audit the Fed. You said — you've used pretty
strong terms, that we were ignorant and that we didn't know what we were doing,
and therefore there is no need for an audit anyway because if you had one
you're not going to find out everything because everybody knows everything
about the Fed.”
— Ron Paul to Herman Cain
“First of all, you have misquoted me. I did not call
you or any of your people ‘ignorant.’ I don't know where that came from…Now, so
you got to be careful of the stuff that you get off the Internet because that's
just not something that I have said. And I have also said, to be precise, I do
not object to the Federal Reserve being audited.”
— Cain’s response
It
seems Cain has forgotten his own words. We did do some Internet research, and
found that Ron Paul had uploaded this clip below on Monday. (Talk about a
gotcha question!) You can listen to the clip, but here is what Cain said:
"Some
people say that we ought to audit the Federal Reserve. 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. 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.”
Okay, so he didn’t say “ignorant.” But he certainly implied it.....
