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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: marty60

“Perry, perry, he’s are man he can shake pom poms like no one can”. Now you need to say that in the proper cheerleader chant.


181 posted on 10/10/2011 12:32:20 PM PDT by org.whodat (Just another heartless American, hated by Perry and his fellow democrats.)
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To: org.whodat

Wow that was catchy.

Now cheerleaders are the enemy?


182 posted on 10/10/2011 12:36:25 PM PDT by marty60
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To: org.whodat

Wow that was catchy.

Now cheerleaders are the enemy?


183 posted on 10/10/2011 12:37:09 PM PDT by marty60
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To: Tex-Con-Man; chilepup

Well, I’m glad you found satisfactory evidence the MJ accusations were untrue. I am troubled by your premise for demanding proof. Proving a negative is inherently difficult, and sometimes impossible. It’s the converse of innocent until proven guilty. Like the McGinniss book on Sarah, we can’t subject our candidates to a “guilty until proven innocent” burden of proof and expect any of them to survive. That mentality only serves one person in this race, and he’s not on our side.


184 posted on 10/10/2011 12:46:01 PM PDT by Springfield Reformer (Winston Churchill: No Peace Till Victory!)
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To: marty60
I see, don't bother you with the facts, you have your dogma and you will cling to it.

READ the Court documentation linked to at post 10.

You are fast going from being an obnoxious gad fly to an irrelevant joke here at Free Republic

185 posted on 10/10/2011 12:49:16 PM 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: chilepup

CP, My apologies. I observe from your response and your earlier posts we are on the same page on this issue. My post was intended for another recipient, and that has now been corrected.

Peace,

SR


186 posted on 10/10/2011 12:49:52 PM PDT by Springfield Reformer (Winston Churchill: No Peace Till Victory!)
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To: Erasmus

And worst of all, he flicks cigarette butts onto the sidewalk!


187 posted on 10/10/2011 1:02:15 PM PDT by Tolerance Sucks Rocks (Occupy Atlanta General Assembly: We are worthless losers. WE ARE WORTHLESS LOSERS!)
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To: marty60
What's up with the "you all" and the "you people" comments?

Are you not also a "you people?"

I was discussing the fraudulent and disingenuous "reporting" by the various news rags that claim to be "honest brokers of the news" when they merely are mouthpieces of libs, dimocRATS, etc.

When one quotes "Mother Jones," I do tend to give their views a lot less credence. If that makes me a "you all" or "you people," so be it.

188 posted on 10/10/2011 1:10:03 PM PDT by zerosix (native sunflower)
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To: Springfield Reformer
My response was to the person looking for a ZOT for the poster rather than addressing the information contained in the article. At the time I hit “post” that was the only response to the article on my screen. Discount the source or the messenger all you want, but ultimately that becomes irrelevant to whether the story is true or not.

Several posters have offered proof that Cain was removed from the lawsuit, so the “proving a negative” standard does not really apply when the story claims Cain is responsible for the financial woes, but the additional information provided says otherwise. Rather than pushing for a ZOT, that's the kind of information needed to counter anti-candidate propaganda.

Anyone who believes Cain is fully vetted hasn't been paying attention to politics for very long. But any solid conservative better hope it happens during the primary rather than the general...because then it will be too late.

189 posted on 10/10/2011 1:17:12 PM PDT by Tex-Con-Man
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To: Maneesh

bm


190 posted on 10/10/2011 1:18:50 PM PDT by Bigh4u2 (Denial is the first requirement to be a liberal)
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To: zerosix

I didn’t quote MJ. They have been leftie scum since the 70’s.

It is named after a 30’s labor organizer in europe.

I find it interesting that it is funded by a CHARITY called the Foundation for National Progress. I wonder what OTHER leftie agenda things they fund.

Why does a publishing org get a Charity Designation? Just wondered.


191 posted on 10/10/2011 1:20:10 PM PDT by marty60
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To: marty60

A better question... why isn’t the MSM mentioning it?


192 posted on 10/10/2011 1:31:19 PM PDT by ScottinVA (With "successes" like the Libya adventure, who needs failure?)
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To: Maneesh

bump


193 posted on 10/10/2011 2:28:35 PM PDT by markman46 (engage brain before using keyboard!!!)
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To: buccaneer81; All
This thread needs to be pulled.

What's the point in that? Pull the thread and the issues goes down the rabbit hole only to pop up again later. Keep the thread and disputes of the premise or "facts" of the article can be found in the replies.

This is the first I'd heard of it. I'm intrigued and, clearly, it's something Cain will have to address if he's a serious candidate for the nomination. He won't get a pass in the press and you can be sure the White House won't let up in the general if somehow Cain is the nominee.

Calling for a zot because you don't like a vetting piece on an increasingly high profile candidate is beyond the pale. Cain's involvement, if any, should not be swept under the rug.

Such calls are even more despicable after a week of hit pieces over a leased hunting ground's painted rock from 25 years ago.

194 posted on 10/10/2011 2:29:36 PM PDT by newzjunkey (Obama wins in 2012.)
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To: newzjunkey
The sourcing was what spurred my call for pulling the thread.

What's next? Prison Planet? Stormfront?

This hitpiece was debunked long ago. It's the equivalent of the idiotic painted rock story calling Perry a racist. Absolute garbage.

195 posted on 10/10/2011 2:35:56 PM PDT by buccaneer81 (ECOMCON)
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To: independent in tx

The MSM simply doesn’t take black people seriously. They doubt their capabilities in every regard. They assume they have HANDLERS.


196 posted on 10/10/2011 2:44:52 PM PDT by muawiyah
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To: Grunthor
This is a hard left commie organization. And probably tied to the hard left blacks in this country.

MOTHER JONES MAGAZINE

Mother Jones (abbreviated MoJo) is an American independent news organization, featuring investigative and breaking news reporting on politics, the environment, human rights, and culture.

The magazine was named after Mary Harris Jones, called Mother Jones, an Irish-American trade union activist, opponent of child labor, and self-described "hellraiser." She was a part of the Knights of Labor[5], the Industrial Workers of the World[5], the Social Democratic Party[5], the Socialist Party of America[5], the United Mine Workers of America[5], and the Western Federation of Miners[5]. The stated mission of Mother Jones is to produce revelatory journalism that in its power and reach informs and inspires a more just and democratic world.[6]

Mother Jones is published by the Foundation for National Progress, a nonprofit 501(c)(3) organization. Mother Jones and the FNP are based in San Francisco, with other offices in Washington D.C. and New York.

197 posted on 10/10/2011 3:22:17 PM PDT by shield (Rev 2:9 Woe unto those who say they are Judahites and are not, but are of the syna GOG ue of Satan.)
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To: Maneesh

It has not been discussed and it is a weakness Dems can use in this environment. That, and he served on the Fed. That and he wants to introduce a Federal consumption tax on the country.


198 posted on 10/10/2011 3:57:55 PM PDT by SaraJohnson
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To: marty60

Fringe left-wing bloggers can invent all kinds of rumors. If this truly had legs, do you really thing Lawrence O`Donnell would pass up the chance to hit Cain upside the head with it in that “interview?”

Cite a real news source, then get back to us. Basement-dwelling rumormongers aren`t “news.”


199 posted on 10/11/2011 2:24:56 AM PDT by ScottinVA (With "successes" like the Libya adventure, who needs failure?)
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To: MNJohnnie

“Yes, and surrogates for GOP establishment candidates, like yourself, would be wise to investigate a story before jumping in to help spread the smear based on nothing but your feelings about the candidate. Post 10 this thread.”

I didn’t spread jack$h!t. My post did not refer to the subject of the thread. Get off your high horse! You obviously don’t read many posts around here or you would know that your emotions caused you to fly off the handle by reading something that wasn’t there.


200 posted on 10/11/2011 7:22:39 AM PDT by secondamendmentkid
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