What Happens in Vegas


The next stop on the national humiliate Newt Gingrich tour lands in Nevada tomorrow when, if recent polls have even an ounce of truth, Mitt Romney will trounce the competition. Every survey this week has Romney up by staggeringly wide margins. Public Policy Polling's latest numbers have Romney doubling Gingrich and gathering support from 50 percent of Nevadans. The Las Vegas Review-Journal's numbers aren't quite as rosy for the former Massachusetts governor; Romney tops Gingrich by only a 20 percent margin.

In Case You Were Underestimating ALEC's Role

Florida Representative Rachel Burgin recently filed a pretty typical bill for a conservative Republican, asking the federal government to lower corporate taxes. But there was one thing that made Burgin's measure a little unusual: It began by stating the mission of the American Legislative Exchange Council (ALEC). That's likely because Burgin's bill had its origins with the corporate-funded nonprofit. 

Behold the Power of Newt

ORLANDO, FLORIDA—Newt Gingrich has publicly pledged to have the single most productive day in presidential history. Gingrich has taken to listing his first-day proposals during recent stump speeches, but he promised to take it a step further when he spoke last night. He promised to release a new Contract With America during his non-concession speech— "a personal one between me and you"—that would detail his plans once he enters office. "We're going to put this together in a way that you will be able to see in writing with my signature, and you'll be able to hold me accountable," Gingrich said.

Gingrich Goes After Goldman

ORLANDO, FLORIDA—Newt Gingrich often rails against the establishment elites who have conspired to sink his campaign. Sometimes it is Mitt Romney; others times he targets the liberals (an unlikely tag-team combination), but there is always someone to blame other than himself. I heard a new formulation of this theory at his "Crossing the Finish Line Rally" in Orlando last night. The event, held on the final eve before the primary, was intended as a pre-victory rally of sorts but took a much more subdued tone, as Gingrich's standing in the polls has evaporated over the past week. But angry Gingrich was in true form, lashing out at his opponent's vast wealth and the conspiracy to prevent Gingrich from gaining power:

Newt's Old-Time Religion

LUTZ, FLORIDA— On the last Sunday before the Florida primary, Newt Gingrich bowed his head at Exciting Idlewild Baptist Church, a megachurch in a suburb north of Tampa. As the remaining Republican candidates scramble to reach as many voters as humanly possible before Tuesday's all-important primary, every chance to preen before a captive audience is a golden opportunity. And no audience is more glued to their seats than devout Christians on a Sunday.  

Hemming and Hawing on Blind Trusts

JACKSONVILLE, FLORIDA—The candidates declined easy chances to attack one another with a surprising frequency during last night's debate. "This is a nonsense question," Newt Gingrich said when moderator Wolf Blitzer provided a prime opportunity to attack Romney's tax returns. "Look, how about if the four of us agree for the rest of the evening, we'll actually talk about issues that relate to governing America?" Romney didn't buy the truce-talk. "Wouldn't it be nice if people didn't make accusations somewhere else that they weren't willing to defend here? " he said.

Gingrich's Debate Pledge

Survey a room of Newt Gingrich supporters and one main common theme always arises; they eagerly await the general election when Gingrich will easily waltz past Barack Obama in every debate. Newt has always thought highly of his skill at the podium. Throughout the fall and winter his stump speech has included a promise that, should he gain the nomination, he will challenge Obama to a series of seven Lincoln-Douglas style debates with no moderator. He took that pledge a step further on Thursday, stating that he would bypass the normal debate commissions. "I would reject the so-called debate commission this fall," he said," because we have had enough of newsmen deciding what the topics are going to be."

Mitt Romney, Hero of Finance

Romney’s backers say he did the tough work needed to restructure the economy. Actually, he seized opportunities that the tax, securities, and bankruptcy laws should never have given him.

“Creative destruction” is Mitt Romney’s best defense for his career in private equity and the trail of displaced workers some of his ventures left behind. The idea comes from the economist Joseph Schumpeter, who argued that capitalism generates economic growth through “gales of creative destruction” that sweep away obsolete technologies and products. As Romney’s advocates have it, that’s what his firm, Bain Capital, has advanced—painful economic changes that are essential to a rising standard of living. 

Romney's Mormon and Evangelical Divide

COCOA, FLORIDA—In the Republican nomination contest, where evangelicals represent a broader segment of the voting population than the general election, it's widely accepted that Mitt Romney's Mormon faith could cost him. Romney's tax returns brought his faith back into the limelight when it was revealed that he does in fact tithe around 10 percent of his earnings to the Church of Jesus Christ of Latter-day Saints, as dictated by church rules.

Florida Kingmaker

AP Photo/Jae C. Hong

Each time Mitt Romney's campaign enters a tailspin, the former Massachusetts governor rolls out a major endorsement to right his establishment-approved ship. He announced Chris Christie's endorsement on the eve of a debate when Herman Cain was cresting in the polls, and last week he brought Bob McDonnell out to South Carolina in a last-ditch effort to rebut Gingrich's rising tide. Almost the entire roster of would-be vice-presidential nominees has been at Romney's beck and call.

The Scarlet Tax Return

AP Photo

Mitt Romney’s newly released tax returns, showing that he paid taxes in 2010 at a rate of just 13.9 percent on income of $21.6 million, should provide ammunition for President Barack Obama’s newly rediscovered populism. Obama is on record supporting a “Buffett Rule,” that the boss should pay at least the same tax rate as the help.

In the watered down economic dialogue of 2012, a flat tax rate rather pitifully passes for the progressive position. Not so long ago, progressives were of the view that the more money you made, the higher your rate should be. The tax schedule should be, well, progressive. The original presidential sponsor of this concept was that Bolshevik, Theodore Roosevelt.

All the Taxes Owed

AP Photo

Mitt Romney's reluctance to reveal his income and tax information received center-stage attention once again at last night's debate. After weeks of immense scrutiny and criticism from his opponents, Romney caved and agreed to release his tax returns from 2010 and the projections for his 2011 return.

Dark Horse Victory

AP Photo/Matt Rourke

In one of the most startling turnarounds in presidential-primary history, Newt Gingrich scored a double-digit victory in South Carolina over Mitt Romney on Saturday.

When the week began, Romney was coming off an easy win in New Hampshire and had a comfortable-looking lead in every state poll. Every political forecaster in America saw him as the inevitable Republican nominee. But his worst debate performance of the campaign on Monday night was followed by a week of fumbles that gave the lie to his campaign’s legendary “discipline.” Romney, cast as a “vulture capitalist” and out-of-touch one-percenter—in a state with high unemployment—could not even muster a clear answer to questions about releasing his tax returns.

Vice Presidents for Romney

The final few days before the South Carolina primary have become all about Newt Gingrich's apparent last minute surge and Mitt Romney's inability to grapple with questions regarding his personal wealth. If momentum carries through, Gingrich should probably finish ahead of Romney in tomorrow's primary.

Inside The Mind of a Conservative Billionaire

I was on the road for a few hours last night and unfortunately missed out on the latest round of "So You Think You Can Beat Barack Obama". Stereotypical liberal that I am, my car radio was instead tuned to NPR and I caught this fascinating interview with billionaire investor Foster Friess.