Skip to comments.Cain left with millions after withdrawing from presidential race
Posted on 12/06/2011 8:18:22 AM PST by NoPrisoners
Mr. Cain raised more than $5 million through September. Information on the financial activity since that time wont be disclosed until January, but the campaign said it raised $9 million over a few weeks alone.
The funds allowed Mr. Cain and associates to dine and travel in style, using $350,000 on private chartered air in a few weeks, spending thousands at hotels such as the Ritz-Carlton and the Four Seasons, and eating largely steak dinners, records show.
One of the campaigns top recipients was T.H.E New Voice, a company set up to sell Mr. Cains books and motivational talks, which was paid $100,000.
(Excerpt) Read more at washingtontimes.com ...
And the Hits just keep on coming!
He did everything he could to stay in the race.
And the Washington Times and the rest of the media did everything they could to drive him out.
Now they want to hold him to a standard to which they don't hold other failed candidates.
...and staying at motel 6
as if Obama and Michelle live a rough life!!
Well, that’s how it works. He could return the money if he wants, but he certainly doesn’t have to.
me too, best $9.99 I ever spent :P
Good Luck Mr. Cain!
(oh and he can use that money to run for another office in the future, who knows we might see a Senator Cain someday :P )
So Cain was supposed to do what... drive a compact rental car and eat pizza everyday... stay at Motel 6?
I do have a problem with these candidates keeping money after they drop out. I don’t know what the right solution would be, but I don’t like the tradition.
I think political donations should be legally declared non refundable unless there is evidence that a campaign never intended to succeed. (which would be fraud anyway)
Its a little like betting on a horse with zero chance of financial return.
There is not a national candidate on either side of the aisle that I would trust as far as I can throw them.
I’m going to vote Gingrich because he’s the best of a rotten bunch. But I would not trust Newt Gingrich to hold my lunch money.
Under fed law, can he convert the campaign cash to personal use?
Sure seems like it would be the right thing to do.
Every campaigning candidate pockets their campaign money when they quit. Sometimes they even quit before they actually start campaigning. I bet barney frank walked away with a chunk of campaign money.
They talked about Obama being likely to raise 1 billion dollars. If he spends a couple hundred million on the campaign and banks the rest that would make a nice payday.
I agree, This is just a Slimy Slummy shot at Cain once again.
I sure would like to know more about mr O using tax dollars to pay for his campaign! How much was that again? Let’s hear about how much he spends on dining out, clothes, etc...
Oh, and I remember these same slum bags making a deal about Sarah Palin going to Wal-mart..
Darn it! I am all angry and I haven’t had my first cup of coffee yet!
Mr. Cain said Saturday he was withdrawing from the race and establishing an issue group called the Cain Solutions, indicating that the presidential campaign is likely to be converted into a political action committee or nonprofit that can pay for a website and other platforms for Mr. Cains ideas - as well as staff, meals and expenses.
There are few restrictions on what former candidates may do with remaining funds except that they may not pocket them directly.
NOOOOO!!!! Not STEAK!!!!! HE IS EVVVVVVVVVVIIILLLLL!
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.