The Inevitable Conclusion: Cain Drops Out Of Fed Nomination Process

WASHINGTON, DC - APRIL 16:  Former Republican presidential candidate Herman Cain waits to speak at the "Cain's Revolution on the Hill" Tax Day Rally at the U.S. Capitol April 16, 2012 in Washington, DC. Cain spent the day promoting his 9-9-9 tax code plan in advance of tomorrow, the day that Americans are required to file their income taxes this year.  (Photo by Win McNamee/Getty Images)
WASHINGTON, DC - APRIL 16: Former Republican presidential candidate Herman Cain waits to speak at the "Cain's Revolution on the Hill" Tax Day Rally at the U.S. Capitol April 16, 2012 in Washington, DC. Cain spent th... WASHINGTON, DC - APRIL 16: Former Republican presidential candidate Herman Cain waits to speak at the "Cain's Revolution on the Hill" Tax Day Rally at the U.S. Capitol April 16, 2012 in Washington, DC. Cain spent the day promoting his 9-9-9 tax code plan in advance of tomorrow, the day that Americans are required to file their income taxes this year. (Photo by Win McNamee/Getty Images) MORE LESS

After weeks of ridicule and well-founded criticism, once likely nominee to the Federal Reserve Board Herman Cain has bowed out.

The writing was on the wall for Cain ever since multiple Republican senators voiced their lack of support for the onetime Republican presidential candidate.

President Donald Trump’s other likely nominee, Stephen Moore, is also in hot water. Economists have dismissed him as utterly unqualified, and his embarrassing skirmish with the IRS has recently come to light.

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