Sen. Mitt Romney weighed in on the nomination and voiced concerns about Mr. Cain.
Romney, who lost the bid for president against Hussein Obama said that he doubts that President Trump will actually nominate Cain who previously served as chair of the Federal Reserve Bank of Kansas City from 1995-1996.
“I doubt that will be a nomination. But if it were a nomination, you can bet [what] the interest rates he would be pushing for,” Romney said Thursday.
Mocking Cain’s 2012 presidential platform position on tax rates, the Utah Republican continued: “If Herman Cain were on the Fed, you’d know the interest rate would soon be 9-9-9.”
“9-9-9” is in reference to Cain’s proposal to erase all existing taxes and implement a 9 percent personal income tax, a 9 percent federal sales tax and a 9 percent corporate tax.
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