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Can a GOP President Fix the Economy?

Crowded field has many ideas


Can a GOP President Fix The Economy?Herman Cain

  • Age: 65
  • Claim to Fame: Former CEO of Godfather’s Pizza
  • Economic Expertise: Former chairman and director of a regional Federal Reserve Bank

If you want better customer service from Washington, you’d be hard pressed to find a politician with more links to consumer-driven businesses than Herman Cain.

Cain’s resume includes a stint as an analyst for Coca-Cola (NYSE:KO), vice president of Pillsbury, an executive position at Burger King and CEO of Godfather’s Pizza. He dabbled in government, joining the National Restaurant Association lobbying group as CEO in the late 1990s and serving on the board of the Federal Reserve Bank of Kansas, before pursuing politics full-time about a decade ago.

So what would Cain do to fix the economy? Lower the top corporate tax rate, lower the top income tax rate, cut the capital gains to zero, suspend taxes on “repatriated” profits made abroad — and make those changes as permanent as they can be to inspire confidence in the private sector.

Critics would say that this is an awfully top-heavy approach, meant to put more money in the hands of folks who already have plenty. But Cain clearly is proven in the world of business and is using his experience in corporate America as a foundation for his argument. If these moves would have helped the businesses he helped run in his early career, they could help all businesses now at a time when the economy direly needs help.

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