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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: Maneesh

Cain was cleared of this a long time ago. A few leftists and Mother Jones are trying to bring it back.


21 posted on 10/10/2011 10:52:04 AM PDT by mnehring
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To: Maneesh

Far-left, loony mags have run this story, but no one else. Why do you suppose that is, Maneesh?


22 posted on 10/10/2011 10:52:13 AM PDT by ScottinVA (With "successes" like the Libya adventure, who needs failure?)
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To: Maneesh
No it doesn't. Rumor and innuendo are not news. Accusations in a lawsuit are not fact. Did you look at any of the other stories? This is a Progressive propaganda cite, not a serious new outlet.

Of Course the Leftist smear machine will try, it does not mean it will work. Notice no serious news organization has made the same opinion based leap as "the Atlanta post" try to make

Apparently you have no idea what a board of directors does.

23 posted on 10/10/2011 10:52:17 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: Maneesh

His positives outweigh the negatives. This is a non issue.


24 posted on 10/10/2011 10:53:14 AM PDT by dforest
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To: rfp1234

That wouldn’t surprise me, but at the same time I know this smear has been pushed by both Paul and Perry supporters on Free Republic.


25 posted on 10/10/2011 10:53:14 AM PDT by justsaynomore (Cain 2012 - http://teamcain.hermancain.com)
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To: Maneesh

Well well, CaIn has quite a history of screwing employees and hiding relevant information about his past. Not to mention his fast and loose campaign shenanigans.


26 posted on 10/10/2011 10:53:27 AM PDT by marty60
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To: justsaynomore

Bump #10


27 posted on 10/10/2011 10:53:27 AM PDT by mnehring
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To: Maneesh

Read the responses on this thread, troll. This is a hit piece pure and simple.


28 posted on 10/10/2011 10:53:56 AM PDT by dirtboy
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To: rfp1234

And no I am no Romney supporter. I live in MA and detest him and do not want him as the nominee.


29 posted on 10/10/2011 10:53:56 AM PDT by Maneesh
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To: DRey
Dang, and I thought he was "the one." NEXT!

And I'm hoping you just forgot your /sarc tag. Otherwise, this implies you're believing this crap.

30 posted on 10/10/2011 10:54:05 AM PDT by ScottinVA (With "successes" like the Libya adventure, who needs failure?)
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To: buccaneer81
That sure didn't stop your anti-Perry group from posting all sorts of Leftist crap against Perry, now did it.

If you can't stand the heat, stay out of the kitchen. Double standards; It's not just for Democrats anymore as it seems.

31 posted on 10/10/2011 10:54:27 AM PDT by PSYCHO-FREEP (If you come to a fork in the road, take it........)
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To: DRey
So did you read the other articles at this website?

So since you think this article disqualifies Cain? If you think that, then the dozens of articles at this same website about "Perry the Racist" must also disqualify him then.

32 posted on 10/10/2011 10:54:27 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: PSYCHO-FREEP

So did you read the other articles at this website?

So since you think this article disqualifies Cain? If you think that, then the dozens of articles at this same website about “Perry the Racist” must also disqualify him then.


33 posted on 10/10/2011 10:55:08 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: Maneesh
" I like Cain but"

I have found that any post which beings "I like Cain but....." IS ALMOST ALWAYS A ZOT!
In fact I think that you will find that any post about any candidate that begins "I like (fill in the blank) but..." is a ZOT!
34 posted on 10/10/2011 10:56:07 AM PDT by Kartographer (".. we mutually pledge to each other our lives, our fortunes, and our sacred honor.")
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To: Maneesh

Why did you completely ignore my post in #10?

Do you have a problem with facts or something?


35 posted on 10/10/2011 10:56:07 AM PDT by justsaynomore (Cain 2012 - http://teamcain.hermancain.com)
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To: Maneesh
So much so, in fact, that on Saturday he officially unveiled his candidacy for the 2012 GOP nomination.

Wouldn't this passage here tell you it's an old "story?" He's been a candidate for months.

36 posted on 10/10/2011 10:56:39 AM PDT by ScottinVA (With "successes" like the Libya adventure, who needs failure?)
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To: MNJohnnie

That was the point. People disqualifying candidates left and right, Perry included, because these guys are imperfect. All of them.


37 posted on 10/10/2011 10:56:42 AM PDT by DRey (Perry/Rubio 2012)
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To: rfp1234
For the most part the MSM dismiss as relevant any "contacts" a black guy might have had with white business managers ~ as in Joe Stalin worked through I.F.Stone to produce a magazine that would inform and control Communist Party members or fellow-travelers in the United States.

Stone's favorite writer turns out to have been a woman who was David Axelrod's mother, and David's acolyte in the "true path of Marx" is President Obama.

As far as the MSM is concerned black guys, like Obama, are just not smart enough to successfully grasp Communist theory, and certainly not Communist intrigue ~ so Axelrod, his mother, Stone and Stalin are guilty, but Obama can't be guilty.

In this case even though Cain had nothing whatsoever to do with the "problem" the MSM will automatically dismiss it as meaningful simply because Cain is black.

Trust me, the force of racial prejudice among the MSM is strong

38 posted on 10/10/2011 10:56:54 AM PDT by muawiyah
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To: Maneesh

And so it begins......


39 posted on 10/10/2011 10:57:11 AM PDT by Gator113 (~ Just livin' life~)
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To: ilovesarah2012
An accusation in a lawsuit is not "news"

Why in the world should Cain dignify this smear with any comment at all?

Notice no serious news agency will publish this crap.

40 posted on 10/10/2011 10:57:11 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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