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Hermain Cain Educates Clinton on Economics in 1994 HC Town Hall Forum

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Uploaded on Feb 27, 2011

http://www.norcalblogs.com/gate/
In April 1994, Bill Clinton was stumping for his health-care bill, when Herman Cain debated the president's claim that restaurateurs would bear only a marginal new cost. Herman said that the bill would force Godfather's to fire part of its workforce. Clinton disagreed and said that Cain would only have to raise pizza prices by 2 percent. Insisting that Clinton was incorrect, Cain wouldn't give in. He told Clinton, "I'd had my financial people run the numbers". Clinton then asked Herman to send the numbers to him and he would have his advisers go over them.

The next day Herman Cain did send the numbers to the White House and he also submitted an oped piece to the Wall Street Journal. The Journal published them, and after Clinton's plan collapsed, Newsweek identified Cain as one of its "saboteurs"—a badge of honor, especially among conservatives today. Later Hilary Clinton would say the Clinton administration could not be held responsible for every under-capitalized small business in America.

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