Bankers are supposed to be the personifications of economic reasoning, but anyone looking at the financial reports of the presidential candidates and super PACs that have come out this week might conclude that there’s more to their political calculations than dollars and cents. Indeed, what these reports fairly shout is that Wall Street’s political picks have been swayed by offended egos and tribalism.
Even if Mitt Romney hadn’t appeared on stage to collect it, there is nothing good that can come of Donald Trump’s endorsement of the former Massachusetts governor. Not only is the real-estate mogul unpopular with the country at large but he is thoroughly associated with the “birther” conspiracy—the belief that President Obama is not actually a natural-born citizen of the United States.
Federal Election Commission super PAC filings proved largely anti-climactic when the figures were released Tuesday. Suspicions were confirmed that Jon Huntsman's largest benefactor was his father, who chipped in 70 percent of the funds for the PAC supporting his son. And Wall Street bankers have poured millions of dollars into Mitt Romney’s campaign.
Governor Mitt Romney signs Massachusetts health care reform in 2006.
Last year, at the University of Michigan, Mitt Romney gave a speech on health care to address his prior support for the individual mandate—the linchpin for the Affordable Care Act and Romneycare in Massachusetts. The core of his speech—and of his message on health care since then—was that it’s unacceptable for the federal government to require health insurance for its citizens. As he said:
Our plan was a state solution to a state problem. And his is a power grab by the federal government to put in place a one size fits all plan across the nation.
ORLANDO, FLORIDA—No one—save perhaps journalists—is more disappointed than Democrats by Newt Gingrich's poor Florida finish. The former House speaker's continued relevance and attacks on Mitt Romney has provided great news fodder.
By one measure, at least, Nevada should be Newt Gingrich’s kind of state. Like the Newtster himself, it’s grown comfortable with divorce, having had the highest divorce rate of any of the 50 states in a succession of decennial Census reports. In a state full of weather-beaten tumbleweeds, Newt’s peregrinations should be distinctly no big whoop.
ORLANDO, FLORIDA—"I think Florida did something very important coming on top of South Carolina," Newt Gingrich said last night after the results of his loss had already been confirmed. "It is now clear that this will be a two person race between the conservative leader Gingrich and the Massachusetts moderate."
At the same time that liberals have praised President Obama for his embrace of populist rhetoric, mainstream pundits have attacked him for “divisiveness.” In October, David Brooks criticized Obama’s newfound populism as “misguided”—“It repels independents,” he wrote—and more recently, William Galston warned that his focus on inequality “may well reduce his chances of prevailing in a close race.”
If Mitt Romney has a big problem in the Republican primary, it’s himself. The former Massachusetts governor can’t seem to keep his foot out of his mouth, and has—through misstatements—portrayed himself as a cold and heartless shill for the 1 percent. Here are some of the greatest hits:
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.
Last night’s victory speech was familiar terrain for former Massachusetts governor Mitt Romney. Instead of asserting his conservative credentials or swiping at his Republican rivals, Romney focused his fire on Obama, with an extended attack on his leadership. “Mr. President, you were elected to lead, you chose to follow, and now it’s time for you to get out of the way," Romney said.
CELEBRATION, FLORIDA—A candidate's election-day schedule can sometimes be as good a predictor of the results as polling. This is the case with Mitt Romney and Newt Gingrich on Florida primary day. Romney, whom polls forecast will walk away with a large victory today, hosted an early morning rally in Tampa, then took the afternoon off. Gingrich, on the other hand, kept his day packed, crisscrossing central Florida to try to scrounge up extra votes.
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:
TAMPA, FLORIDA—Newt Gingrich yesterday laid out an ambitious plan for his first 24 hours, speaking before a geriatric crowd in the Villages. His first day in office would include signing a repeal of three separate bills—because of course the weight of his victory would compel Congress to work past their differences for his grandiose vision—and a series of executive orders. He upped the ante on Monday in Tampa, adding even more items to this already-busy hypothetical agenda.
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.