All this talk about Herman Cain....let's dig more!

People like to point out the fact that Cain is a breathe of fresh air because he isn't a typical politician.
He has the background of a successful executive.
He knows how to solve problems.

Well aside from his wonderful time as the chairman of the Kansas Federal Reserve, his support of Alan Greenspan's service as chairman of THE FED, his undying support of the fed NOT needing to be audited, his very famous words "If You Don't Have A Job And You're Not Rich, Blame Yourself".



Cain's Enron-esque disaster: employees screwed, executives make out with huge bonuses.
motherjones.com...

You guys have to read this whole thing...

It was a dangerous move—as a company spokesman later put it, "the risk was huge." In the end, it proved disastrous. Aquila's decision to join Enron, Reliant Energy, and the other heavy-hitters in the energy trading markets would ultimately wipe out 94 percent of Aquila's stock value between 1999 and 2004. The company also faced criticism for using some of the same trading tricks that Enron did as a way to puff up its stock price, the lawsuit says. That included using "roundtrip" trades, a scheme in which Aquila would sell a trading partner some energy and then that partner would sell the same amount back to Aquila, a deal that canceled itself out. In the end, nothing actually changed hands. But it boosted Aquila's trading volume and revenue, sending a positive signal to the markets. The company also engaged in megawatt laundering, or "ricochet" trading, the lawsuit alleges. In such transactions, Aquila and other companies would buy energy from California at a lower capped price, move that energy out of the state, then re-sell it back to California at a higher price for a tidy profit.

And for those wondering about his performance as the pizza man.

Godfather's Pizza sales dropped 46% during Cain's time (even after being adjusted for inflation) :
jayraskin.wordpress.com...

1985: $325 million[iii] (720 stores)

Pillsbury assigns Herman Cain to run Godfather’s Pizza in April 1986

1986: $275 million[iv] (640 stores)

1987: $260 million[v] (605 stores) (sales per store $414,000)[vi]

1988: $242.5 million[vii] (563 stores) Pillsbury sells Godfather’s Pizza to Cain and management group in a leveraged buyout for $40 million.

1989: $225 million[viii] (509 stores)

1990: $229 million[ix] (512 stores)

1991: $231 million[x] (525 stores)

1992: $242 million

1993: $249.5 million

1994: $244 million[xi] (514 stores) (sales per store 490,000)

1995: $260 million (525 stores)

1996: $265.5 million (540 stores) (sales per store $500,000) Cain becomes CEO of the National Restaurants Association in 1996, but was still on Godfather’s Management Board.

1997: $270.8 million[xii]

1998: $280 million

1999: $280 million

2000: $288 million[xiii]

2001: $280 million

2002: $287 million (560 stores) (sales per store 502,200)[xiv] Cain steps down from Godfather’s Management Board

Who exactly drafted Cain's 9-9-9 tax/economic plan? A local wells fargo branch employee.

www.huffingtonpost.com...

Cain name-checked Richard Lowrie during Tuesday night's Republican debate on economic policy, and his campaign confirmed to HuffPost that Richard Lowrie Jr., a Wells Fargo employee in Pepper Pike, Ohio, outside of Cleveland, was the official adviser to his campaign who hammered out the "9-9-9" plan.

According to Lowrie's LinkedIn profile, his education tops out with a Bachelor of Science in accountancy from Case Western University. He has no formal training in economics, and there is no indication that he has ever worked on public policy. According to that same profile, Lowrie's political experience includes working on the board of advisers for Americans For Prosperity, a hardline conservative outfit founded by the Koch Brothers, until 2008. In 2011, the group ran into trouble for posting fake eviction notices on the doors of Detroit families. Lowrie's LinkedIn profile also says he works on the volunteer advisory panel for the American Conservative Union.

The 999 plan is a disaster for America, no, not because its 666 when you flip it upside down but taxing Americans on several levels like the British VAT system is only going to affect the lower-middle class and make their lives harder, NOT easier.



But let's look at the bright side, at least his 9-9-9 plan wasn't drafted by a Ivy League Graudate and Goldman Sachs elitist.

Originally posted by eLPresidente

Richard Lowrie Jr., a Wells Fargo employee in Pepper Pike, Ohio, outside of Cleveland, was the official adviser to his campaign who hammered out the "9-9-9" plan.

According to Lowrie's LinkedIn profile, his education tops out with a Bachelor of Science in accountancy from Case Western University. He has no formal training in economics, and there is no indication that he has ever worked on public policy.

Oh man... I just laughed so hard. Good sleuthing.

Since the first debate I knew this Cain character knew jack$pit about anything. And he strikes me as the kind of guy who will easily break down and cry under the smallest bit of pressure or harrassment

Here is the actual Aquila class action lawsuit against Herman Cain and his executive friends.

docs.google.com...://motherjones.com/files/1232_cid_3_amended_consolidated_complaint.pdf&pli=1&chrome=true