Cain Out, but Still Raising Money

By: Lisa Sylvester Email
By: Lisa Sylvester Email

The Cain campaign train has come to a stop, but Herman Cain is still rolling in the political donations -- and, if he gets his way, will still be a fixture on the public stage.

Cain announced the launch of, a web site that's up without any content; but one thing Cain does have is plenty of cash.

Cain has raised about 14 million dollars in campaign contributions, 9 million dollars of that since October 1st.

Even now, he's still fund-raising.

"The day before his announcement about putting his campaign on suspension, he sent out a very aggressive fund-raising email to his supporters saying, 'Make a generous donation to my campaign so that you can show your support,'" said Republican strategist Karen Hanretty.

Cain "suspended" his campaign, as opposed to dropping out of the race.

What's the difference? Money.

Federal law allows a candidate who suspends a campaign to continue raising funds.

He could convert his campaign chest into a PAC and use that to throw his weight behind political candidates.

"He has a lot of freedom to use the funds for political purposes, in terms of making contributions to candidates or political parties, or to engage in his own sort of independent political speech," said Former Fed. Election Comm. Chairman Robert Lenhard.

Cain would not be able to use the funds for blatant personal use, but he could tap into the money to pay for travel, lodging, web sites, and consultants.

"They can, however, spend the money in such a way that it really does benefit them economically, or in terms of reputation, because they've set up a charity and that reflects well on them," said Sheila Krumholz from the Center for Responsive Politics.

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