Why Herman Cain to Quit Presidential Race.(Video)

Amid a flurry of salacious allegations, GOP Presidential candidate Herman Cain is thinking seriously about becoming former GOP Presidential candidate Herman Cain.All before a single vote has been cast in the race, no less.

The Georgia businessman told his staff this morning that he's "reassessing" his bid for the White House after yet another female accuser - Ginger White - came forward with accusations against him, specifically that they had a 13-YEAR affair.

The Iowa caucuses are scheduled for January 3. While he no longer has frontrunner status, polling indicates Cain could still be competitive in Iowa.Cain has denied the affair allegations in public and did so again during the conference call, but told his staff, "Obviously, this is cause for reassessment."Before Ginger White, four other women accused Cain of sexual harassment during his tenure as head of the National Restaurant Association in the '90s.

He refuted those claims as well, but acknowledged that with White, he says, "we have to reassess whether or not this is going to create too much of a cloud, in some people’s minds, as to whether or not they would be able to support us going forth."

Cain admits he knows White, but had only been trying to help her out financially ... as a friend. No word if Gloria Cain will back him up on that one.

A Georgia woman, Ginger White, says she and Herman Cain had a 13-year affair that lasted nearly until the businessman announced his White House run.Last weekend, FOX 5 Atlanta sat down with White, who insisted that despite coming forward, “I'm not proud. I didn't want to come out with this. I did not.”White was worried a political tsunami was headed her way, so, she decided to head it off, confessing her alleged 13-year-long affair with the Republican.

That said, the alleged mistress insists this affair was real.

“It was pretty simple,” White said. “It wasn't complicated. I was aware he was married. I was also aware I was involved in a very inappropriate relationship.”Ginger White says she met Herman Cain in the late 90s in Louisville, Ky., when as president of the National Restaurant Association, he made a presentation.“He made it very intriguing,” White told FOX 5. “It was fun. It was something that took me away from my humdrum life at the time. And it was exciting.”

Herman Cain is a businessman seeking the Republican nomination for President of the United States in 2012. There's no way he will actually get that, but he's attracted quite a following in mid-to-late 2011.He graduated from Morehouse College and got his Master's at Purdue. He was in the U.S. Navy and rose up through the ranks at several huge companies before becoming the CEO of Godfather's Pizza.Herman served as Chairman of the Federal Reserve Bank of Kansas City and has been a syndicated columnist and talk show host in recent years since retiring as Godfather's CEO.

An all-American success story, Cain is now running for President and promoting his book, This is Herman Cain: My Journey to the White House. Dude is nothing if not confident. And unintentionally hilarious.

(thehollywoodgossip.com)