During Tuesdays Washington Post-Bloomberg debate, Herman Cain, the former chief executive of Godfathers Pizza, named Rich Lowrie of Cleveland as my lead economist who helped develop Cains signature 9-9-9 plan for overhauling the federal tax system. He is an economist, and he has worked in the business of wealth creation most of his career, Cain said.
Actually, according to Lowries Linked-In profile, he has a bachelors degree in accountancy from Case Western Reserve University, not economics. Lowrie, in an e-mail, said he did not consider himself an economist, just senior economic advisor to the Cain campaign. Donor information maintained by Opensecrets.org shows he has donated $1,500 to Cain in 2010 and 2011, but also contributed $2,300 to Mitt Romney in his first run for the presidency in 2007.
Okay, so Cain may have exaggerated the qualifications of his economic guru. But he has forcefully defended his 9-9-9 plan, both during Tuesday nights debate and on MSNBCs Daily Rundown on Wednesday. Many readers have asked us to examine the plan and explain it, so lets take it for a test drive.
Geez, Cain is a crony capitalist. Selling his chief economic advisor position for *ONLY* $1,500.
This is what we need to stop!
(channeling the essentials of those that say that a few thousand bucks bought Perry’s Gardisil moment)