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Herman Cain linked with Aquila which collapsed Enron style
Atlanta Post ^

Posted on 10/10/2011 10:42:09 AM PDT by Maneesh

Herman Cain isn’t as laughable as I originally affronted. He has been making the media rounds and impressing a few people along the way, even earning himself a flock of supporters. After a recent Fox News presidential debate, a focus group overwhelmingly declared the black Republican and former CEO of Godfather’s Pizza victorious. So now that Cain has proven his candidacy as one to be take notice of (but can you blame us for brushing him off at first? Most of president Obama’s would-be contenders were just laughable.), it is only natural that the serious smears of campaign season would arise against him. First up: A business scandal that so closely mirrors the travesty at Enron, it warranted this headline from Mother Jones Magazine: “Herman Cain’s Enron-esque Disaster: The Story the GOP presidential candidate won’t tell you about his years in corporate America.” If our skepticism of him before was baseless, it certainly isn’t now. “Cain clearly believes that his pro-business message is what GOP voters want to hear. So much so, in fact, that on Saturday he officially unveiled his candidacy for the 2012 GOP nomination. But scrubbed from Cain’s official story is his long tenure as a director at a Midwest energy corporation named Aquila that, like the infamous Enron Corporation, recklessly drove into the wild west of energy trading and speculation – and ultimately screwed its employees out of tens of millions of dollars,” Mother Jones reports. According to a massive class action lawsuit against Aquila’s board of directors – including Cain – he allegedly steered employees into heavily investing their retirement savings in company stock, while at the same time shifting their business model from straightforward energy generation to risky energy trading – the kind of corporate greed that infamously brought down Enron, Mother Jones reports. In the suit, it claims that Cain and other top officials violated a 37-year-old federal law that requires employers to responsibly manage the retirement programs for their employees. Their pensions and life savings were lost. Thus far, Cain has been running as the pro-business candidate who successfully turned around the failing Godfather’s Pizza franchise after working in the corporate offices of the Pillsbury Company. His lack of political experience is always countered by touting his decades’ worth of success in business. Positions at Godfather’s, Pillsbury and his post as chairman of the Federal Reserve Bank of Kansas City are listed as part of his official campaign biography. His part in the major downfall of Aquila – where he was on the board of directors for much of the 1990s and early 2000s – is nowhere to be found. Yes, it is expected for a candidate to try and hide his skeletons, but he should also expect to eventually be exposed. Herman Cain, you are exposed.


TOPICS:
KEYWORDS: aquila; herekitty; hermancain; motherjones; vettingcain
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To: Stepan12

Yep! That means that Mr. Cain is a real c9ontendah! :o)


101 posted on 10/10/2011 11:16:51 AM PDT by Paperdoll (I like Herman Cain)
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To: MNJohnnie

I read it but I don’t consider MJ as reliable. So I scond source it. It is TRUE.


102 posted on 10/10/2011 11:16:59 AM PDT by marty60
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To: ejonesie22
That's not crap, those are her talking points.

Wait, they're crap, too.

103 posted on 10/10/2011 11:17:40 AM PDT by dirtboy
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To: Maneesh
My wish is that Cain has nothing to do with this and it is a non issue

Really you are "So concerned" which is why you continue to ignore Post 10 that poves this attack a lie?

104 posted on 10/10/2011 11:18:01 AM PDT by MNJohnnie (Giving more money to DC to fix the Debt is like giving free drugs to addicts think it will cure them)
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To: marty60
So I scond source it. It is TRUE.

Uh, moron, second sourcing a liberal claim using a racist website is anyting but.

105 posted on 10/10/2011 11:18:43 AM PDT by dirtboy
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To: marty60

Hello??? This source is based on the same Motherjones article.

Thyblackman is a Paulbot, by the way


106 posted on 10/10/2011 11:19:01 AM PDT by justsaynomore (Cain 2012 - http://teamcain.hermancain.com)
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To: PSYCHO-FREEP
I wasn't aware I was part of some anti-Perry cabal. I'm purely a free agent, Sparky.

You chose your screen name well.

107 posted on 10/10/2011 11:19:01 AM PDT by buccaneer81 (ECOMCON)
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To: Kartographer

lol. See ya Tuesday.


108 posted on 10/10/2011 11:19:03 AM PDT by DRey (Perry/Rubio 2012)
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To: DRey

So you think a guy that ‘sort of racist’ can win?


109 posted on 10/10/2011 11:20:11 AM PDT by Kartographer (".. we mutually pledge to each other our lives, our fortunes, and our sacred honor.")
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To: org.whodat

Amazing...because I post a story published on Mother Jones (a source which I have long found very dubious) is proof positive that I must be a liberal weenie ! All my voting record, many other posts here on FR and work for campaigns be damned..ONE post from Mother Jones just to discuss a topic and some people know everything about me and my politics ! Go search any of my previous comments on other threads and show me ONE liberal position.


110 posted on 10/10/2011 11:21:06 AM PDT by Maneesh
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To: Maneesh

The link is to the document motherjones used to write this crap. Read much?


111 posted on 10/10/2011 11:21:24 AM PDT by justsaynomore (Cain 2012 - http://teamcain.hermancain.com)
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To: MNJohnnie; dirtboy

“So did you read the other articles at this website”
“So you think this article disqualifies Cain?”

Did you read my post? There is no such thing as a “non-story” if the opponents bring one to you, without the rebuttal. The rebuttal to which you point is fine, but it did not accompany the story, and...it’s also late. Now, about my question, does he have a damage control team among his tiny campaign? That was my only question. Your replies were all defensive whines against the messenger. That never wins elections, btw. This is Cain’s responsibility to kill the revelation. Not yours. Same goes for me. It’s Perry’s responsibility to tell his story. Not mine.


112 posted on 10/10/2011 11:22:15 AM PDT by RitaOK (TEXAS. It's EXHIBIT A for Rick, who needs to pound the fiction flackers back into the Stone Age.)
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To: Maneesh

It’s not because you posted something from Mother Jones. It’s because you posted something not positive at their new hero, Herman Cain. If you had posted something at Mitt Romney from Mother Jones, it would have been okay.


113 posted on 10/10/2011 11:23:21 AM PDT by beandog (I am both heartless and insensitive.)
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To: Mr. Wright

Only because the media is owned by the Establishment.


114 posted on 10/10/2011 11:23:21 AM PDT by Paperdoll (I like Herman Cain)
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To: Kartographer

I think everyone has racist tendencies. Like Perry, most of us try to overcome them. I think he has done a great job of that, but I know where he came from, and racism saturated the community. I do believe he can win. I believe he will win.


115 posted on 10/10/2011 11:23:44 AM PDT by DRey (Perry/Rubio 2012)
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To: MNJohnnie; dirtboy

“So did you read the other articles at this website”
“So you think this article disqualifies Cain?”

Did you read my post? There is no such thing as a “non-story” if the opponents bring one to you, without the rebuttal. The rebuttal to which you point is fine, but it did not accompany the story, and...it’s also late. Now, about my question, does he have a damage control team among his tiny campaign? That was my only question. Your replies were all defensive whines against the messenger. That never wins elections, btw. This is Cain’s responsibility to kill the revelation. Not yours. Same goes for me. It’s Perry’s responsibility to tell his story. Not mine.


116 posted on 10/10/2011 11:23:44 AM PDT by RitaOK (TEXAS. It's EXHIBIT A for Rick, who needs to pound the fiction flackers back into the Stone Age.)
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To: Maneesh; justsaynomore
Here's some additional analysis of the Aquila story, along with this quote from Herman Cain ...

Cain scoffs at the notion that the situation at the troubled Aquila ever approached anything like the Enron debacle besides the fact that they were both in the energy marketing business, saying:

The difference is the management of Aquila and the board of directors led the company through a restructuring that prevented it from going bankrupt. It never went bankrupt and it never went bust. We made the tough decisions that we needed to make to save the company. Our objective was to save the company from bankruptcy, which we did. For those that want to pick on that situation, there’s one big difference between Enron and Aquila. They went bankrupt and bust. We didn’t go bankrupt and the company was eventually sold and I’m proud of what we were able to do on behalf of the stockholders and employees of that company.

117 posted on 10/10/2011 11:24:16 AM PDT by Servant of the Cross (the Truth will set you free)
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To: marty60
No you didn't.

Your other sources are merely linking back to the original story not an independent confirmation. It is the old "scream a lie often enough people will think it true" Commie propaganda tactic in action

As post 10 of this thread shows. Your claims are lies.

118 posted on 10/10/2011 11:24:24 AM PDT by MNJohnnie (Giving more money to DC to fix the Debt is like giving free drugs to addicts think it will cure them)
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To: RitaOK

Actually Cain staff did rebut this article when Paul supporters started pimping it in May - that is where I got my information in post 10.


119 posted on 10/10/2011 11:24:55 AM PDT by justsaynomore (Cain 2012 - http://teamcain.hermancain.com)
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To: Maneesh
So you are just your average rino, perry supporter, why not say so.
120 posted on 10/10/2011 11:25:41 AM PDT by org.whodat (Just another heartless American, hated by Perry and his fellow democrats.)
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