I figured out why Herman Cain supported the TARP Bailouts (financial records analysis)Submitted by fullofliberty on Thu, 11/03/2011 - 14:49
Cain sat on the board of directors of American corporations that applied for and received millions of tax-dollars in stimulus money.
According to his personal financial disclosure form, Cain supplements his income by being a board member for several large corporations.
As a board member, Cain collected $202,500 from Agco Corporation, a farm products company, and $259,008 from Whirlpool Corporation (including options and a board salary).
more on Agco Corporation: http://bioenergy.illinois.edu/education/10seminars/10_spaeth...
A quick glance at the President's stimulus spending records show that Cain’s companies have eagerly accepted stimulus money:
Agco Corporation received up to $5 million of stimulus grants to develop “supply systems to handle and deliver high tonnage biomass feedstocks for cellulosic biofuels production.”
Whirlpool Corporation received a $19,330,000 stimulus grant from the Department of Energy to develop SmartGrid solutions.
more on the Whirpool Smartgrid Project: http://en.openei.org/wiki/Whirlpool_Corporation_Smart_Grid_P...
Whirlpool launched a special offer to encourage customers to take advantage of the stimulus program’s energy efficient appliance program. The company advertised that certain Whirlpool, Maytag and KitchenAid appliances are available for rebate through the $300 million rebate program authorized by the stimulus.
Whirlpool Cash for Appliance Rebate Program: http://www.prnewswire.com/news-releases/whirlpool-corporatio...
Whirlpool also received two stimulus grants of $2,042,700 to develop next generation energy efficient refrigerators.