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Herman Cain will of course deny involvement with those women because he wants to be president.
In a perfect world people would be able to distinguish his private life from what he can offer as a poltiician, but people are swayed by personal details in a candidate's life.
I think that somebody in the Republican party wants Herman Cain out of the election. It has been claimed that the inital leaks of Cain's indiscretions came from the Perry campaign. At this point the one who benefits the most is Romney.
Regardless of that, Herman Cain would alienate the Hispanic vote because he openly proposed building an electrified fence across the border with Mexico. That would alienate the 17% of the voters who are Hispanic.
If Herman Cain were to be nominated for the Republican party, Obama is sure to win. "Here is the man who harrassed all those women, kept a mistress for several years, and wants to build a fence to keep Hispanics out." The voting public might not be as discerning, and reelect Barrack Obama easily.
Herman Cain refuses to concede. He keeps denying the allegations, in spite of several women coming forward to disclose the nature of the settlemetns that occurred out of court. If Herman cain was smarter, he would simply own up to his mistakes, apologize, and then point out to the fact that in spite of his mistakes, he has the capacity to be president. Instead all his denials make him look shifty. There are times when honesty and admitting one's mistakes is the winning political move.