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The Water Cooler
See other The Water Cooler Articles

Title: Cain Used Campaign Funds to Buy Autobiography
Source: Bloomberg
URL Source: http://www.bloomberg.com/news/2011- ... unds-to-buy-autobiography.html
Published: Oct 18, 2011
Author: Jonathan D. Salant and Joshua Green
Post Date: 2011-10-18 11:35:58 by Brian S
Keywords: None
Views: 3146
Comments: 4

Republican presidential contender Herman Cain used campaign funds to buy his own books from his motivational speaking company, Federal Election Commission

records show.

Although his autobiography was published by a division of Simon & Schuster Inc., Cain paid Stockbridge, Georgia-based T.H.E New Voice Inc. $36,511 for books. His campaign spent $4 million through Sept. 30, including more than $64,000 paid to his motivational speaking company for airfare, lodging and supplies, as well as the books.

“They are buying my books and my pamphlets,” Cain said in an interview in between appearances in Arizona yesterday. “The campaign is buying them from T.H.E New Voice.”

Cain’s autobiography, “This is Herman Cain! My Journey to the White House,” made its debut over the weekend in fourth place on the New York Times bestseller list. Cain said the sales are in compliance with FEC rules because the campaign is paying the going rate for the material.

Bill Allison, editorial director at the Washington-based Sunlight Foundation, a nonpartisan group that tracks political money, said the transactions deserve scrutiny.

“All candidates publish books and they offer them as premiums to donors, but most candidates aren’t buying them from their own companies,” he said. “It raises the question of his campaign contributions ending up in his own pocket.”

The books being bought are Cain’s autobiography and an earlier volume, “They Think You’re Stupid: Why Democrats Lost Your Vote and What Republicans Must Do to Keep It,” as well as a pamphlet on leadership, Cain said.

Gifts for Supporters

The books are being given away to supporters to help Cain acquaint them with his life story, part of his “unconventional approach” to his candidacy, he said, adding that his campaign has seen a $2 million windfall in donations in the last two weeks after a surge in the polls.

The FEC has let campaigns buy candidates’ books as long as they don’t profit by the sale. In 2001, the commission said the campaign committee of then-Senator Arlen Specter of Pennsylvania could buy the lawmaker’s autobiography to give to donors, provided the he didn’t receive royalties or count those books in calculations of future payments. The FEC issued a similar ruling in 2004 concerning Connecticut Senator Joe Lieberman, an independent.

Gingrich Book

Another 2012 Republican presidential candidate, Newt Gingrich, faced ethics issues over a $4.5 million book advance he was offered in 1994 from a publishing unit of Rupert Murdoch’s News Corp., shortly before becoming House speaker. Amid criticism from lawmakers from both parties, Gingrich agreed to forgo the advance and just take royalties.

His campaign website features his wife Callista’s new children’s book and a link to the Gingrichs’ production company with an opportunity to buy their new film.

While writing an autobiography has become common for a presidential candidate, their manuscripts can create problems beyond financial issues. Competitors routinely comb through them searching for fodder to use on the campaign trail.

Texas Governor Rick Perry, another Cain rival for the Republican presidential nomination, was forced on the defensive during a Sept. 12 debate in Tampa, Florida, over the criticism of Social Security he made in his book.

Perry Book

“The real question is does Governor Perry continue to believe that Social Security should not be a federal program, that it is unconstitutional, and it should be returned to the states, or is he going to retreat from that view,” said primary rival Mitt Romney, a former Massachusetts governor.

Perry said Romney was “trying to scare seniors.”

Romney claimed Perry made those accusations in his book. A review of the book by Bloomberg found Perry raised questions about the program but didn’t directly assert that it was unconstitutional.

Perry made a similar book-based attack on Romney in an ad last month and at the Republican debate in Orlando on Sept. 22. Perry said Romney removed from the soft-cover version of his book a sentence describing the Massachusetts health-care law he signed as a model for the nation. Romney said in the debate that he didn’t promote the state law as an example of what should be adopted by the federal government.

Romney Book

“In my book, I said no such thing,” Romney said. “It’s fine for you to retreat from your own words in your own book, but please don’t try and make me retreat from the words that I wrote in my book.”

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#1. To: Brian S (#0) (Edited)

I always used to wonder who bought all these books by politicians - I can see a president's or first lady's book selling but a congressman's? Senator's? Talk show radio host?

The truth of the matter is that book buying is how money is grafted in a legal way. A lobby group wants to buy off or reward a politician or talk show host they arrange to get a ghost writer who works for the lobby group then they buy lots of books when printed as a legal way to transfer the bribe over. It's complicated and not as simple as handing money under the table but works.

The books either end up being trashed or handed out for free at conventions, etc.

Another form of legal bribe is the speaking fees or FOX tv contracts.

"This is what economic policy in the West has become--a tool of the wealthy used to enrich themselves by spreading poverty among the rest of the population." Paul Craig Roberts

Godwinson  posted on  2011-10-18   11:47:11 ET  Reply   Trace   Private Reply  


#2. To: Brian S (#0)

Cain Used Campaign Funds to Buy Autobiography

Another back door method of receiving and laundering campaign loot.

When the people are afraid, that's when the greatest long term money is made.~~~~Clark Howard

mininggold  posted on  2011-10-18   11:49:44 ET  Reply   Trace   Private Reply  


#3. To: Godwinson (#1)

The truth of the matter is that book buying is how money is grafted in a legal way. A lobby group wants to buy off or reward a politician or talk show host they arrange to get a ghost writer who works for the lobby group then they buy lots of books when printed as a legal way to transfer the bribe over. It's complicated and not as simple as handing money under the table but works.

Looks like Cain is just as seedy and corrupt as the rest.

When the people are afraid, that's when the greatest long term money is made.~~~~Clark Howard

mininggold  posted on  2011-10-18   11:51:32 ET  Reply   Trace   Private Reply  


#4. To: mininggold (#3)

Looks like Cain is just as seedy and corrupt as the rest.

What gets me is the blind eye the right wing casts at the obvious heavy manipulation of the right wing movement by a handful of think tanks and lobby groups and that a large portion of the right wing movement is an astro-turfed one.

Do the Democrats also do this? Yes, but on the right it is more blatant. Did it ever occur to them why from morning till the evening all the right wing talk show hosts seem to be reading from the same talking points memo of the day?

What makes the right wingers a joke to me is that the right wing is the ideology that claims to be able to see these Orwellian manipulations from behind the scenes yet their entire movement is manipulated.

Case in point, when Rush went off script and admitted he was carrying water for Bush, jr.

Wake up right people!

"This is what economic policy in the West has become--a tool of the wealthy used to enrich themselves by spreading poverty among the rest of the population." Paul Craig Roberts

Godwinson  posted on  2011-10-18   12:06:08 ET  Reply   Trace   Private Reply  


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