No, “Jack Acid” is quite a bit older. It’s a storyline from the old comic “Pogo”.
As quoted by Mole Macaroney: “How about Jack? Jack is Money, Money is power. And Acid, denoting Biting Strength!”
https://en.wikipedia.org/wiki/Pogo_(comics)
http://www.featherlessbiped.com/jackacid/
That comic is a little bit before my time.