Skip to comments.Herman Cain's campaign paid his company to buy his books [zot]
Posted on 10/21/2011 10:49:24 AM PDT by Clairity
Herman Cain's case against pundits who claim he's running a book tour rather than a presidential campaign just got a bit more complicated.
Federal Election Commission records show that the former Godfather's Pizza executive paid more than $64,000 of his presidential campaign funds to his motivational speaking company, T.H.E. New Voice Inc., for copies of his own books, and for lodging, airfare, and resources, Bloomberg News reports.
Previous rulings by the FEC have allowed candidates to use their campaign funds to buy their own books, as long as the purchase is at market value and the money goes to charity rather than to personal profit. But Bill Allison, editorial director at the Washington, D.C.-based Sunlight Foundation, told Bloomberg that Cain's case should raise some eyebrows.
"All candidates publish books and they offer them as a premiums to donors, but most candidates aren't buying them from their own companies," Allison said. "It raises the question of his campaign contributions ending up in his own pocket."
(Excerpt) Read more at cbsnews.com ...
Oh the Huge Manitee....
Obammy’s been buying votes with his “Jobs Bill”.....
IIRC, her Hillaryness did exactly the same thing at one point.
Apparently this has been allowed for a long time. As has loaning your campaign money and being paid back later.
So you hope, anyway.
Was that the thread earlier this morning from the Texas GOP about Cain's pro-choice position on abortion?
You Rick Perry Supporters are so desperate it’s really pathetic...
Yup. I guess I’ll have to vote for no one now since there are no Republican candidates worth supporting. None.
You Perry harpies are quickly becoming one of the most despised subsets of trolls on FR. Your fear of Cain is pathological.
Duh! His book is part of his campaign. Like nobody ever did this before . . .
Yeah, Jim Wright did it. Cain’s in great company, Jim Wright and John Kerry.
No offense, but your quickness on the trigger here causes one to question your motives. Let’s hear what Cain has to say about this. ;-)
More BS from the Perryites.
Cain is worth $18 million.
He’s not in this for personal profit.
Isn't Cain a preacher of some sort? Tsk-tsk. Heal thyself, Reverend.
The thing that worries me about Cain is he’s such a noob.
His mistakes are only going to get bigger and more glaring.
One of his best qualities — his rebellious independence, which I admire him for — is going to end up providing an opening that the Obama billion-dollar campaign truck can drive right through.
Clairity is a HUGE RICK PERRY SUPPORTER....
Keep this is mind when he goes to the other side in a desperate attempt to salvage what is left of the Perry campaign.
This is also tells you what kind of Republicans they are that violate Regan’s 11th commandment and ally their campaign with CBS (aka Communist Broadcasting System).
Cain explained himself quite clearly and he is pro-life. Too bad you Perry-bots are so loose with the facts.
As in... the SOROS-FUNDED Sunlight Foundation... http://www.freerepublic.com/focus/f-news/2722749/posts
For those who support FR, click here to show it!
All the article implies is that it “raises questions” not outright law breaking.
They are trying to twist this into a “When did you stop beating your wife?” type of attack.....
LOL! So you hope...
No more Texans. Period.
There is a very clear effort to get Perry the nomination by default ... if enough dissonance and deceit can be heaped upon the other candidates these Perry supporters think they can get the default nomination for a man who is unable to debate, has a very poor record regarding illegal immigration, and who has even tried to squelch opposition to his record by calling us ‘heartless’. I’m sure there are lots of Texans who can give chapter and verse of why they as folks living under Perry’s rule are opposed to him rising further in his political ambitons, but I’ve seen enough of his supporters and his strategy to know I would not vote for the man. Newt Gingrich is the adult in the room at these debates. I have come to the point that his supposed baggage is not nearly as important as saving this Republic. I’m going to support and promote Newt Gingrich now.
Where's the /sarc tag? Kerry? Really? That's laughable...
I like Newt, but his baggage is too much for me to ignore. But I would support him for VP if the numbers looked good. No matter what, he is a valuable GOP weapon.
Gee, what do you know? Another DC based leftist organization which couldn't find a Democrat scandal at noon day with both hands unless it fits their agenda.
Exactly. And as for those vitriolic Cain detractors here in FR... a quick look into their previous postings reveals their motivations.
CBS "reporters," stop passing yourselves off as legitimate journalists. Those with operating brain cells know you're nothing more than the media arm of Obama's campaign. Why don't you just come forth with that admission and be done with it?
You do know that he has said that abortion is wrong but the government should not regulate it, don’t you? John Kerry held the exact same position.
No... actually what he said was it's not the President's job to order someone not to get an abortion.
Looks like Perry's donations are sinking as fast as his poll numbers:
" Yesterday in an interview with Piers Morgan on CNN, I was asked questions about abortion policy and the role of the President.
I understood the thrust of the question to ask whether that I, as president, would simply order people to not seek an abortion.
My answer was focused on the role of the President. The President has no constitutional authority to order any such action by anyone. That was the point I was trying to convey.
As to my political policy view on abortion, I am 100 percent pro-life. End of story.
I will appoint judges who understand the original intent of the Constitution. Judges who are committed to the rule of law know that the Constitution contains no right to take the life of unborn children.
I will oppose government funding of abortion. I will veto any legislation that contains funds for Planned Parenthood. I will do everything that a President can do, consistent with his constitutional role, to advance the culture of life."
FEC allowed it ONLY if the candidate didn’t profit from it — Cain is using campaign funds to buy books from his own FOR PROFIT company, so he is clearly profiting from the booksales AND having the expenses of the promotion of his books paid for by his campaign.
“The F.E.C. first addressed the issue of campaign-book-buying in 1995, when Alfonse D’Amato’s reelection committee requested permission to buy copies of “Power, Pasta, and Politics” to distribute as thank-you gifts to donors. In an advisory opinion, the F.E.C. stated that the practice was allowable, so long as the candidate received no royalties for the purchases (D’Amato had suggested donating the royalties to charity, which the F.E.C. approved of), and so long as the books were not resold or given away to people who had not made donations. “
The link above also has links to stories in other publications with more detail and explanations.
Why the hate? Says more about you than him?
Now you’re sourcing “The New Yorker.” What are you doing on a conservative forum to begin with, troll?
Buying books for his own company? You mean, like the unions do? I wonder how many CBS employees have purchased union books.
Oh good grief, every candidate with a book does this. It is just a legal thing they have to do. Technically, they dont own the books they write, the publishers do, so they establish this legal entity to purchase the books in which they provide for campaign donations, sign at events, etc. Perry does this as well.
You can tell Cain is in the lead, the MSM is giving him an anal exam. They did it with Bachmann when she was leading, they did it with Perry when he was leading, now they are doing it with Cain now that he is leading.
They Lame Stream Media will keep doing this until they can crown Romney. The sad part is how many here are empowering them.
Perry’s candidacy is dead because he is a poor candidate deal with it.
Attacking other candidates doesn’t affect Perry’s inadequacies and the collapse of his campaign.
There is some clarity in this.
Herman Cain’s book is campaign literature.
He borrowed money from his company to fund the book’s publication.
He is repaying that loan from campaign funds.
Do you see how 1+1=2 and then 2-1=1 He did nothing slimy.
Cain is a mathematician and a good one.
I posted from CBS Neews, which provides link to Business Week, but we are not allowed to post from Business Week.
They all used Cain campaign’s FEC filing as original source.
As they say, you are entitled to your own opinion, but not your own facts.
Cain’s company is profiting from his book sales, because he is using campaign contributions to buy his own books, but has no expenses, because Cain’s campaign is paying for expenses of his book promotion tour.
Why can’t his supporters, who want to, just buy his books, why does his campaign buy them?
FEC rules do NOT allow a candidate to PROFIT from book sales of his own book, that Cain is doing.
Now read post #37. See how those statements concur? Of course you don’t, as a Perry-bot the truth is a foreign concept.
Probably does in your vapid mind.
The Left likes using this headline to give the bogus impression that high book sales are phony.