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Profiles in Tremendousness - Federal Reserve Board Nominee Herman Cain | The Daily Show - YouTube
Channel: The Daily Show with Trevor Noah
[1]
Let's talk a little bit
about the Federal Reserve.
[3]
Wake up! Hey! Wake up.
[5]
The Federal Reserve is
a really important institution
[8]
that sets interest rates
[10]
and controls a big part
of the economy.
[12]
But most people pay
as much attention to it
[14]
as they do to their belly button
hygiene, right?
[16]
And if you just laughed at that,
[18]
you got to wash
your belly button. Yeah.
[20]
Have you taken a look at it?
What's inside those crevices?
[22]
You don't know.
[23]
Anyway, last week,
[24]
President Trump nominated
his friend, Herman Cain,
[27]
for a seat
on the Federal Reserve,
[29]
and, already,
people are not happy.
[31]
Is President Trump trying to
stack the Federal Reserve board
[34]
with loyalists and critics
of the current Fed leadership?
[37]
In the past, friendship with the
sitting president has not been
[40]
what lands you a job running
[41]
the world's most powerful
central bank.
[43]
This is a sort of
unorthodox pick,
[45]
more political than academic.
[47]
MAN: He's a proponent
of the gold standard,
[49]
which is one
of the most archaic ideas
[50]
when it comes
to monetary policy
[52]
one could possibly think of.
[54]
He does not understand pretty
basic economic policy issues.
[58]
Yes, it seems like, once again,
Trump has nominated someone
[62]
who seems wholly unqualified
for the job.
[64]
The question is,
how does he keep on doing this?
[67]
I feel like he goes
on Angie's List
[69]
and then clicks
the "sort" button
[70]
so that all the one-starred
reviews come up first.
[72]
"I start from the bottom."
[74]
Although, I do understand
[75]
why Trump would like someone
who supports the gold standard,
[78]
because, I mean,
gold standard is also Trump's
[80]
-interior decorating philosophy.
-(laughter)
[82]
But still, still, guys,
this is exciting news.
[85]
Trump has hired a black person
into a high-profile position.
[89]
And sure, maybe he gave
Herman Cain the job
[91]
because he thought
it was Ben Carson,
[93]
but that's not the point,
all right?
[95]
The point is, there's a new face
joining the world of Trump.
[98]
So, let's get to know the guy
[99]
who's gonna be controlling
all of our money
[101]
in another installment
of "Profiles in Tremendousness."
[104]
-(applause and cheering) -I have
the most dedicated people.
[106]
I have the best people.
[110]
Meet Herman Cain,
[112]
businessman
and Tyler Perry movie villain.
[115]
(laughter)
[117]
He built his reputation
as an executive
[119]
at Burger King, Pillsbury,
[121]
and he was even the CEO
of Godfather's Pizza,
[125]
which is a weird name,
if you ask me,
[128]
because
you're selling an Italian food
[130]
using their worst
possible stereotype. Yeah.
[133]
It'd be like opening a soul food
restaurant called Always Late.
[136]
(laughter and groaning)
[138]
But what made...
what made Cain really famous
[140]
was his 2012 presidential
campaign, right,
[143]
when he came up with a tax plan
that didn't make sense,
[146]
but sounded really cool.
[148]
MAN: Herman Cain's campaign
is on fire
[150]
thanks in large part
to his 9-9-9 economic plan,
[153]
but a long list of economists
say Cain's plan
[155]
would hit
the lower middle class hard.
[158]
MAN 2:
Criticized for its simplicity,
[159]
and hailed
as a campaign marketing coup.
[162]
This 9-9-9 plan--
it didn't come off a pizza box.
[165]
Nine percent
corporate business flat tax,
[167]
nine percent
personal income flat tax
[169]
and a nine percent
national sales tax.
[171]
I have a free gift
for everybody.
[173]
-Really?
-It's called "9-9-9."
[175]
-"9-9-9."
-(laughter)
[177]
Doesn't sound like a tax plan.
[179]
It sounds like he's selling
discount waterbeds.
[181]
That's what it sounds like.
[183]
And I won't... I won't deny.
It is catchy,
[185]
but you can't create a tax plan
off of a catchphrase, right?
[188]
It doesn't inspire
much confidence.
[189]
It's the same way,
I wouldn't trust a doctor
[192]
who spoke in slogans.
[193]
"Doctor, how will you treat
this tumor?"
[194]
"We're gonna cut it, gut it
and toss it in a bucket!"
[197]
(laughter)
[199]
Like, uh, "I'm gonna get
another opinion."
[202]
"Ha, ha! Joke's on you!
You got Obamacare.
[204]
You can't choose
your own doctor! Yeah!"
[205]
(laughter)
[207]
But Herman Cain wasn't just
known for 9-9-9, right?
[209]
He's also known for all the
other wacky shit that he said
[212]
while he was running for
the highest office in the land.
[214]
Aw... shucky ducky!
[216]
(applause and cheering)
[218]
My kind of crowd!
[220]
He wrote in his memoir
that if he were president,
[223]
his code name,
given by the Secret Service
[225]
should be "Cornbread."
[227]
We've got plenty of experts.
[229]
And a leader knows
how to use those experts.
[233]
We need a leader, not a reader.
[235]
I'm ready
for the got-you questions,
[237]
and they are already
starting to come.
[239]
And when they ask me
who's the president of
[242]
Ubeki-beki-beki-beki-stan-stan,
I'm gonna say,
[244]
"You know, I don't know.
Do you know?"
[247]
(laughter)
[248]
Wait. What?
[250]
How is foreign policy
a "gotcha" question?
[252]
(laughter)
[254]
People would like to know
if you're familiar
[256]
with the other people
you will be working with.
[258]
He's making it sound like
the job interview is a trap.
[261]
"Are you familiar
with Word and Excel?"
[263]
"Why don't you hire me?
Then we'll see!"
[265]
(laughter)
[267]
Honestly, I-I can see
why Herman Cain lost, though,
[270]
because he admitted
[271]
that he didn't know who
the leader of Uzbekistan was.
[274]
Like, Trump would have just
created his own reality.
[276]
Trump would be,
"Of course I know
[278]
"the president of Uzbekistan,
[280]
"but I can't tell you
for strategic reasons, folks.
[283]
"But he's a very good friend
of mine,
[285]
"him and his first lady,
Uzbeki with the good hair.
[290]
Great hair, best hair."
[292]
(laughter)
[294]
Oh, in case...
in case you thought
[296]
that Herman Cain was joking,
[298]
uh, no, he really didn't know
foreign policy.
[301]
Here's how he answered
another question
[303]
about whether he supported
Obama's actions in Libya.
[306]
Okay, Libya.
[308]
(laughter)
[311]
President Obama...
[315]
supported...
[318]
the uprising, correct?
[320]
President Obama called
for the removal of... Gaddhafi.
[325]
Just wanted to make sure we're
talking about the same thing
[328]
before I say "Yes, I agreed,"
or "No, I didn't agree."
[332]
Um, I do not agree
[334]
with the way he handled it
for the following reason. Um...
[339]
No, that's...
that's a different one. Um...
[342]
(laughter)
[343]
(stammers):
I got to go back. See, uh...
[349]
Got all this stuff twirling
around in my head. Um...
[352]
(laughter)
[354]
Specifically,
what are you asking me
[357]
did I agree
or not disagree with Obama?
[359]
(audience groans, laughs)
[361]
I don't... I don't know
what was happening there,
[365]
but it seemed like the human
version of when you need
[368]
to take out
the Nintendo cartridge
[369]
and blow on it, you know?
(blowing)
[371]
(laughter)
[375]
That guy's so bad
at hiding his thought process.
[377]
I bet when he was a kid, he
would get busted all the time.
[380]
His mom would be like,
[381]
"Herman, did you spill juice
on the couch?"
[383]
He was probably like, "Okay,
there's juice on the couch,
[387]
"and you want to know why.
[389]
"Well, I was out playing ball.
[391]
No, no, that's a different one.
Um..."
[393]
(laughter)
[395]
"No, uh, maybe...
maybe it spilled itself.
[397]
"No, let me... let me think.
[399]
"Uh, I got to go back.
[400]
"Uh, Mom, see, I got a lot
[402]
swirling in my head right now,
Mom."
[404]
(laughter)
[407]
So in many ways, you can see why
Trump liked Herman Cain.
[411]
He started out
as a flashy businessman
[414]
and built
a presidential campaign
[416]
on catchphrases
and not much information.
[418]
But their real connection
goes even deeper than that.
[421]
Once that rising candidate
in the polls,
[423]
now the embattled former
pizza executive Herman Cain
[426]
has suspended his campaign
for president.
[428]
This all happened yesterday.
[429]
MAN: He says he's out.
The announcement comes
[431]
on the heels of
sexual harassment allegations.
[433]
Yep. Just like Trump...
[437]
Herman Cain was accused
of sexual harassment.
[439]
But unlike Trump,
it took him down.
[442]
I bet Trump looks
at Cain and thinks,
[443]
(mimics Trump):
"Wow. That could have been me."
[445]
(laughter)
[447]
(normal voice):
So that's Herman Cain.
[449]
And if his nomination
goes through,
[450]
the economy will be in the hands
[452]
of a president who has
bankrupted casinos,
[454]
and a pizza guy who wants to
bring back the gold standard.
[457]
But don't worry, folks.
[458]
Everything's gonna be fine,
fine, fine.
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