Did He Exaggerate About His End-of-Quarter Fundraising Push?

[RonPaulFanInGA]

http://www.boston.com/news/local/massachusetts/articles/2011/09/27/in_gop_race_romney_perry_paul_are_the_money_men/?page=2


Cain, the former chief executive of Godfather's Pizza, has loaned himself $500,000 to keep running and says he's not paying as much attention to fundraising.

"Message is more important than money," said Cain.

Maybe to him.

Cain's campaign claimed (http://www.ronpaulforums.com/showthread.php?320037-Raises-More-Than-One-Million-in-Final-Ten-Days-of-Third-Quarter) they raised one million in the final ten days of September. But does the $500,000 Cain loaned himself at the end of September count towards their own figure?

[QuickZ06]

Busted.

[hillertexas]

bump

[bluesc]

Oh you can bet Fox wont mention that half of it is borrowed, but if Ron transferred congressional funds, they'll be sure to mention that.

Profits from Cain's book will cover that. Still hilarious.

[Johnnybags]

Herman is simply yet another flank for Romney. He has no money and is being fabricated as a new top teir by the frenzied media to keep him going. Anyone here who does not understand the game plan from last time out is mistaken. Romney is next in line. First Pawlenty broke into top tier, then it was Bachman, now its Herman. The only way to win is leave the party after the primaries and run independent. I realize most of you will disagree but after the last go round it is clear to me there are no Democrats or Republicans per se, just Oligarchs putting on a show for the Serfs. They own the turf they allow Ron to play on and they own the scoreboard and control the referees. A good show can be had but its only a show.

[wgadget]

Herman is simply yet another flank for Romney. He has no money and is being fabricated as a new top teir by the frenzied media to keep him going. Anyone here who does not understand the game plan from last time out is mistaken. Romney is next in line. First Pawlenty broke into top tier, then it was Bachman, now its Herman. The only way to win is leave the party after the primaries and run independent. I realize most of you will disagree but after the last go round it is clear to me there are no Democrats or Republicans per se, just Oligarchs putting on a show for the Serfs. They own the turf they allow Ron to play on and they own the scoreboard and control the referees. A good show can be had but its only a show.

Agree IF it's possible for Ron to pull out and go Indy at the very last minute. It would be earthshattering news that the MSM couldn't ignore, and would attract the Indies EN MASSE, imo. But what do I know...

[asurfaholic]

Are there enough independents and disgruntled repubs and democrats to win the election?

Hard to avoid thinking about the rigged voting systems ...

[libertybrewcity]

And how much did Cain spend to win the P5? Probably a million so that million canceled it out. Ron Paul raised 1.5 million the last 10 days. NO BIGGIE

[angelatc]

"Message is more important than money," said Cain.

Yeah,maybe - but one would think that in order for that to be even a halfway viable excuse, one's message has to be consistent.

[wgadget]

This Brad Marston dude is someone I tweet to often. A rude, obnoxious shill, he.

[ItsTime]

http://theothermccain.com/2011/10/01/herman-cain-rhymes-with-hurricane-fund-raising-surges-in-third-quarter/


“Other candidates are raising thousands of dollars from a few people. Herman Cain is raising a few dollars from thousands of people,” consultant Brad Marston wrote in the e-mail

Ill correct it for him


Other candidates are raising thousands of dollars from a few people. Herman Cain is raising a few dollars from thousands of people, and $500,000 from himself” consultant Brad Marston wrote in the e-mail

[tsai3904]

But does the $500,000 Cain loaned himself at the end of September count towards their own figure?

Cain loaned his campaign $500k in the second quarter. I'm thinking the article was referring to the second quarter loan because a candidate wouldn't outright tell reporters of a loan.

[smtwngrl]

I don't know if his fundraising numbers were exaggerated or not, but even if not:

Herman Cain Rhymes With Hurricane: Fund-Raising Surges in Third Quarter
http://theothermccain.com/2011/10/01/herman-cain-rhymes-with-hurricane-fund-raising-surges-in-third-quarter/

Excerpts:

The buzz coming from the Herman Cain campaign is that they will be the only presidential campaign — including Obama and GOP front-runner Mitt Romney — whose third-quarter fund-raising numbers are better than their second-quarter numbers. (A quarter-to-quarter comparison is not possible for Texas Gov. Rick Perry, who did not launch his campaign until midway through the third quarter.)

Guess he's going to be disappointed in that one, isn't he? Who knew the "grumpy old man" could do so well? :D


Cain raised slightly more than $2 million in the second quarter, according to official FEC reports, and the Atlanta businessman’s campaign had been heading toward a disappointing third-quarter result until experiencing a powerful surge in late September.

Hmm, if he was heading "towards a disappointing 3rd quarter", you would think that means less than the 2nd quarter, or at least no more. Say 1.5-2 million.


Most of Cain’s third-quarter total will be from small donors (less than $200), and more than $1 million of the quarterly total will have been raised in the last 10 days of September.

So let's say he is at 2.5-3 million.


While the campaign was coping with the phenomenal surge, a fund-raising e-mail sent Friday to Cain’s supporters boasted of the candidate’s success in attracting small donors.

“Other candidates are raising thousands of dollars from a few people. Herman Cain is raising a few dollars from thousands of people,”

How about a few dollars from 100,000 people, Mr Cain, like your "lower tier" competitor, Ron Paul? ;)

[eduardo89]

How much has he leant his campaign now? i read somewhere he put in a half million last quarter...

I think Bachmann is going to have to do the same this quarter. She'll probably transfer a million from her congressional account in order to be above $2 million for the quarter. Anything below $2 million at this point is unacceptable.

I wonder how much Huntsmann has lent his campaign too...

[sailingaway]

This article was before quarter end and was speculating. I know Cain had loaned his campaign $500K LAST quarter and may have done more loaning this quarter to get through the straw poll. He didn't have a really high profile there but did show up and give people pizza. He didn't start to get in money until the end then said he took in 'several hundred thousand a day consistently' since the straw poll, but I don't know how long that 'consistent' streak lasted. His guys had been speculating he'd do around $3 million, and recently I saw a quote that he'd do 'north of $2 million' for the quarter, but one never knows how old those quotes are.

I wish Ron's hadn't come out the same day as Perry's because it seemed overshadowed even though it is a very different thing, Goldman Sachs not being in Ron's pocket, so to speak.

[RonPaulFanInGA]

Herman Cain Rhymes With Hurricane: Fund-Raising Surges in Third Quarter

This article was posted in the OP, and it's likely a joke. Watch Cain "surge" to half of what Ron Paul raised, much less where Cain will be in comparison to Romney and Perry.

[Feeding the Abscess]

This article was posted in the OP, and it's likely a joke. Watch Cain "surge" to half of what Ron Paul raised, much less where Cain will be in comparison to Romney and Perry.

Whatcha think of Ron pulling in $8 million this quarter?

[tsai3904]

But does the $500,000 Cain loaned himself at the end of September count towards their own figure?

Nowhere in the article does it state that Cain loaned himself $500k in September. This is all it says:


Cain, the former chief executive of Godfather's Pizza, has loaned himself $500,000 to keep running and says he's not paying as much attention to fundraising.

They are most likely referring to his $500k loan in the second quarter.

[Agorism]

Is he low on funds?