Cain says his campaign is fiscally able
October 13th, 2011
04:55 PM ET
3 years ago

Cain says his campaign is fiscally able

(CNN) - Herman Cain's campaign has hundreds of thousands dollars in cash on-hand, the former Godfather's Pizza executive told CNN's Erin Burnett on Thursday.

“For the quarter, we will report, first of all, no debt," Cain said. "You see, I run this very tight, like a startup business, because that's my nature as a businessman."

Cain’s campaign had seen a boost in fundraising after increased media attention and rising poll numbers, he said. Cain's rise began in September, when he won a closely watched straw poll in Florida.

“It demonstrates that the voice of the people is more important than the voice of the media, with all due respect,” he told CNN.

Cain predicted his campaign would report “several hundred thousand dollars in cash on-hand” at the end of the quarter. "Within the last week or so, our fundraising has really picked up a lot, because of the response of the public."

By comparison, Texas Gov. Rick Perry's campaign has $15 million in cash on-hand, according to its third-quarter fundraising report.

Cain has not said how much he raised during the third quarter. Candidates have till October 15 to file that information with the Federal Election Commission.

Perry raised $17 million in the third quarter, while former Massachusetts Gov. Mitt Romney is expected to announce a haul of $11 million to $13 million. Texas Rep. Ron Paul reported raising $8 million.

“I have not spent, nor have I been able to raise, the kind of money that my major competitors have,” Cain said. “But yet, we’ve been competitive, because of the strength of my message and the specificity of the solutions that I’ve put on the table.”

Cain, who is black, said he would not mandate affirmative action programs as president. “I know that corporations are already voluntarily making sure that they fill the pipeline with people from all ethnic groups, because the smart companies that have been successful, they know that getting the best talent, irrespective of their ethnicity or color, is how they succeed.”

Cain pulled no punches when assigning responsibility for the alleged plot by Iran to assassinate a Saudi Arabian ambassador in the United States.

“I happen to believe that this attempted assassination that Iran has its fingerprints all over, based upon the reports we’ve seen, was because this president is perceived as weak,” he said.

Cain called for the missile defense system to be beefed up so that ballistic missiles could be detected upon launch. “That gives us more time to be able to detect and destroy them, if they fire at our friends like Israel and if they fire at the United States of America.”

The full interview was to air at 7 p.m. ET Thursday on CNN's "Erin Burnett OutFront."

Also see:

CNN Poll of Polls: Romney & Cain battle for top spot

New nation poll shows Cain at top

Bachmann implies Cain plan could be devil's work


Filed under: 2012 • Fundraising • Herman Cain
soundoff (25 Responses)
  1. Marcellus

    Cain....What a nut case....To my republican counterparts, Please don't let him in the front or back door. Obama 2012

    October 13, 2011 05:04 pm at 5:04 pm |
  2. vic , nashville ,tn

    Herman Cain don’t need money to win the race he has 9-9-9

    October 13, 2011 05:19 pm at 5:19 pm |
  3. Thad

    Your ship is a sailboat Mr. Cain and it will stay afloat on 2.50.

    October 13, 2011 05:43 pm at 5:43 pm |
  4. RandyIA

    Wait, but, I thought if you didn't support Herman Cain no matter what the issue is, you were a racist bigot. Oh that's right, only republicans can be racist.

    October 13, 2011 05:47 pm at 5:47 pm |
  5. Chris

    Didn't Cain's campaign say they were taking in 'several hundred thousand dollars a day' since the straw poll, at one point? If that and this are both true, it sure seems like the campaign must have BEEN in debt.

    October 13, 2011 05:54 pm at 5:54 pm |
  6. Mitch

    Who cares. Ron Paul raised $8 million from 100,000 donors in the 3rd Quarter. Cain could never. Paul is the real deal. Cain is a poser.

    October 13, 2011 06:10 pm at 6:10 pm |
  7. kayla

    enjoy the moment, it won't be for long

    October 13, 2011 06:13 pm at 6:13 pm |
  8. The Greedy Old Pigs have lost their minds!

    Cain's campaign is also sane idea-free.

    October 13, 2011 06:16 pm at 6:16 pm |
  9. Alex

    Ron Paul raised 8 million just last quarter. A bit better than hundreds of thousands of dollars on hand. :)

    October 13, 2011 06:33 pm at 6:33 pm |
  10. Fredrick

    A fash in the pan

    This is just a 'flash in the pan' for Herman Cain. Trump, Palin, and Bachmann, are just other examples of people who flashed in and out of the pan. We all know that the Republican party, which fundamentally is racist in nature will never allow a black man to be their nominee. Herman Cain deserves his 15 minutes fame like the others.

    In 2008 candidates like Giliani, Fred Thompson and Mitt Romney were sometimes at the top just like Cain, but eventually lost to someone who came from behind. These polls really don't mean much, they are just day by day synopsis which never last.

    Herman Cain is just too shallow. Actually, they are ALL shallow compared to Obama. Any one of these candidates will eventually lose to Obama. The republican party is still searching for the best among the bad eggs available.

    The democratic party is just enjoying the sideshows and circuses being staged by the red-necked republicans who don't seem to understand what they are doing. Obama could teach them some lessons if they only ask.

    Enjoy your flash in the pan Cain, you'll soon flash out like the rest of them. If loud mouth Trump can fall, anyone else can. He thought he had it in the bag, but, Alas! where is he? Actually, where are the 'birthers'?

    October 13, 2011 08:44 pm at 8:44 pm |
  11. The other decider

    DISCLAIMER: These opinions do not reflect that of the management. Any resemblance to anyone living or otherwise is purely coinkidental. Do not read aloud in front of small children or those who do not understand the meaning of satire ( aka Republicans ).

    October 13, 2011 08:45 pm at 8:45 pm |
  12. Loathstheright

    Cain doesn't have a clue about the real world, he lives in Republicanland, where everyone is lazy, and a mooch, and getting sick or being poor is your own fault. Has he every met a real life American, I don't think so.

    October 13, 2011 08:46 pm at 8:46 pm |
  13. otermbachmann

    Fiscally able, mentally, well, not so able.

    October 13, 2011 09:12 pm at 9:12 pm |
  14. kelvin

    Mr Cain "i see you find a stile" when you are talking by pointing your finger that is a good thing, just want to let you know that belong to president Obama find your own stile.

    October 13, 2011 09:16 pm at 9:16 pm |
  15. Thad

    Cain you will ne one of us after this failed run is over no matter how much tap dancing you do for the tea party.

    October 13, 2011 09:25 pm at 9:25 pm |
  16. GI Joe

    Cain is Able. News Alert.

    October 13, 2011 09:28 pm at 9:28 pm |
  17. normajean

    Support or lack of it for this man has nothing to do with racism. It has to do with basic economics and logic!!! Most of what we have been told by Mr. Cain is his 999 theory which has been easily explained away as actually costing money in a number of instances. The real question however is why he has not publicly gone on to explain the rest of his plan such as cutting out Social Security and Medicare....... oh ,yes this part of his plan is being circulated in some circles but he hasn't publicly announced it.!!! If you are just DYING to lose these two parts of your existance,,,then you might vote for him. Frankly, I wouldn't vote him into any politcal area considering he has NO experience,not even localized.!!!

    October 13, 2011 09:33 pm at 9:33 pm |
  18. SJC

    Right-the president who killed Osama Bin Laden, helped the Libyan people become free of Ghadafi, presided over the killing and capture of more Al-Queda operatives than at any time since the group was formed and recently has been accused of overreaching his authority by allowing the killing U.S.-born Al-Qaeda leader Anwar al-Awlaki is generally seen as weak. You righties really need to start coordinating your stories-didn't Michelle Bachman just recently accuse Obama of being responsible for the Arab Spring...you know, the movement to OVERTHROW tyrannical dictators in the Middle East...kinda like the tyrannical dictator in Iran? Could it possibly be that Ahmadinejad is a little scared of Obama's influence...or more likely, that this had nothing to do with Obama at all since, after all, the attack was staged against a Saudi leader, not an American one?

    But after all, it is a good idea to build more defense weapons. After all, the ones we already have are clearly in need of supplements even though we cannot afford to extend unemployment, feed our own hungry people, provide health insurance for poor children or increase FEMA relief without somehow offsetting the additional debt with cuts in program to our poor.

    What foreign policy and defense experience exactly does Mr. Cain have to inform his enlightened view...or is is just a "feeling, with no facts to back it up"-kinda like the one which he admitted to relying on in his erroneous accusations against the people participating in occupy-wall-street?

    October 13, 2011 09:51 pm at 9:51 pm |
  19. Flint Rock

    This gentleman reminds me of a glass coming out of the dishwasher – kinda sparkly and empty.

    October 13, 2011 09:54 pm at 9:54 pm |
  20. independent voter

    Terrorists are being eliminated left and right under Obama's watch and this clown says he's perceived as weak? If it was up to this guy, black people would still be sitting in the back of the bus. Read his book.

    October 13, 2011 09:58 pm at 9:58 pm |
  21. no, seriously...

    Keep it up Cain. You definitely have a chance...

    October 13, 2011 09:58 pm at 9:58 pm |
  22. kat

    Mr. Cain, I admire your courage, thank God for folks like you. Save our country! Please.

    October 14, 2011 01:26 am at 1:26 am |
  23. Niko_in_Richmond

    Is it me, or does he say something more crazy and outlandish every time he opens his mouth? Obama seen as weak on national security? The president who has overseen the taking out of at least a thousand members of al queda, most notably most of the organization's leaders? Will someone pass me the kool-aid that he is drinking because it is definitely spiked with something and I want some. Maybe, I will start to believe his craziness.

    October 14, 2011 02:03 am at 2:03 am |
  24. Craig

    Perry has $15 Mil. Where is he in the polls? Paul has $8 Mil in the kitty. He would have cause for rejoicing if he broke 15% in the polls. Cain is far ahead of both, with less than $1 Mil on hand. This proves two things: message matters more than money, and the backers of these wannabes enjoy wasting money.

    You don't need millions on hand if you understand the value of a dollar and know how to make it work for you. How Cain is managing his campaign is an excellent indicator of how he will manage the country's finances. That is precisely the kind of wisdom and leadership we desperately need. Congress, get ready to go back to school. The term starts 1/21/13 and the subject is Economics 101.

    Herman Cain 2012 and 2016.

    October 14, 2011 05:56 am at 5:56 am |
  25. NATHAN WIMBERLY

    We'll see how long his money lasts. He wants war so he's perfect for the wingnuts.

    October 14, 2011 06:27 am at 6:27 am |