Personally, I think the Obamaites would have been content to let the conservative Republicans continue to attack each other and keep the conservative vote split, allowing Romney to be the frontrunner. However, Cain's rise threw a monkeywrench into that plan.
I think they're counting on running against Romney, whom they'll paint as the "Wall Street candidate" (albeit Obama is more securely in bed with the very worst of Wall Street), which is what OWS is all about, while their network allies prepare "documentaries" on Mormonism, so they can decry religious bigotry against Mormons (as Biden did in a recent speech) while their minions do their work.
FWIW . . .
They better get busy. "Big Love" crashed in the spring and "Sister Wives" is losing their audience (series low 0.7 last weekend). Nobody cares.
I agree. They are ready to paint him as the Republican Dukakis. I’ve already heard that one thrown around. I agree that they wanted Cain out of the way now to clear the way for the Romney nomination.