Tag Archives: Campaign

Commentary

Thomas Sowell takes a closer look at the Romney campaign

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His latest column.

Excerpt:

Regardless of what the polls or the pundits say about Mitt Romney’s chances of winning the Republican nomination, the conditions that made him the front runner in the primaries are the direct opposite of the conditions for the general election.

The biggest single reason why Governor Romney is the front runner is that he has had the overwhelming advantage in money spent and in “boots on the ground” running his campaign in states across the country.

Romney has outspent each of his rivals — and all of his rivals put together. His campaign organization has been operating for years, and it has put his name on the ballot everywhere, while neither Santorum nor Gingrich had a big enough organization to get on the ballot in an important state like Virginia.

In the general election, President Obama will have all the advantages against Romney that Romney currently has against his Republican rivals. Barack Obama will have boots on the ground everywhere — not just members of the Democratic Party organization but thousands of labor union members as well.

Incumbency alone guarantees the president plenty of money to finance his campaign, not only from enthusiastic supporters but also from businesses regulated by the government, who know that holders of political power demand tribute. And the mainstream media will give Obama more publicity than Romney can buy.

How does anyone ever defeat a sitting president then? They do it because they have a message that rings and resonates.

The last Republican to defeat a sitting president was Ronald Reagan. He was the only Republican to do so in the 20th century.

He didn’t do it with polls. At one point during the election campaign, President Jimmy Carter led Ronald Reagan with 58 percent to 40 percent in the polls. So much for the polls that so many are relying on so heavily today.

The question is not which Republican looks better against Barack Obama in the polls today, before the general election campaign begins. The question is which Republican can take the fight to Barack Obama, as Reagan took the fight to Carter, and win the poll that ultimately matters, the vote on election day.

The biggest fighting issue for Republicans is ObamaCare. Can the author of RomneyCare as governor of Massachusetts make that an effective issue by splitting hairs over state versus federal mandates? Can a man who has been defensive about his own wealth fight off the standard class warfare of Barack Obama, who can push all the demagogic buttons against Mitt Romney as one of the one-percenters?

Rick Santorum, and especially Newt Gingrich, are fighters — and this election is going to be a fight to the finish, with the fate of this country in the balance. Mitt Romney has depended on massive character assassination advertising campaigns to undermine his rivals. That will not work against Barack Obama.

I agree with Thomas Sowell. Although I was open to Gingrich as the nominee, I think that Rick Santorum is a more electable candidate in the Midwestern states, because of his blue collar credentials and his strong record on foreign policy and social conservatism. Mitt Romney is the weakest candidate – but that’s being covered up by the massive amount of money he is spending. Mark my words – if Romney is the nominee, Obama will label him as a greed rich Wall Street speculator and we will lose in November.

Mitt Romney

News

Obama is spending more on his campaign than he is collecting from donors

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From the Wall Street Journal.

Excerpt:

Last July, President Obama’s campaign announced that it had raised an average of $29 million in each of the previous three months for itself and the Democratic National Committee (DNC)… well below the $50 million a month needed to reach the campaign’s goal of a $1 billion war chest for the 2012 race.

[…]Through January, the president has raised an average of $24 million a month for his campaign and the DNC. Next week, the Obama campaign will release its February numbers, but the president is on track to be hundreds of millions of dollars shy of his original goal.

It’s not for lack of trying. Mr. Obama has already attended 103 fund-raisers, roughly one every three days since he kicked off his campaign last April (twice his predecessor’s pace).

The president faces other fund-raising challenges. For one, there are only so many times any candidate can go to New York or Hollywood or San Francisco for a $1 million fund-raiser. Team Obama is running through its easy money venues quickly.

For another, many of Mr. Obama’s 2008 donors are reluctant to give again. The Obama campaign itself reported that fewer than 7% of 2008 donors renewed their support in the first quarter of his re-election campaign. That’s about one-quarter to one-third of a typical renewal rate: In the first quarter of the Bush re-election campaign, for example, about 20% of the donors renewed their support.

[…]The final financial challenge facing Mr. Obama’s campaign is how fast it is burning through the cash it is raising. Compare the 2012 Obama re-election campaign with the 2004 Bush re-election campaign. Mr. Obama’s campaign spent 25% of what it raised in the second quarter of 2011, while Mr. Bush’s campaign spent only 9% in the second quarter of 2003. In the third quarter it was 46% for Obama versus 26% for Bush; for the fourth quarter it was 57% versus 40%. In January 2012 the Obama campaign spent 158% of what it raised, while the Bush campaign spent 60% in January 2004.

At the end of January, Team Obama had $91.7 million in cash in its coffers and those of the DNC. At the same point in 2004, the Bush campaign and Republican National Committee had $122 million in cash combined.

Compare that with Rick Santorum who is running a very frugal campaign which spends less and focuses instead on meeting with voters face-to-face. I find it surprising that Obama is struggling to find donors, though, given the amount of taxpayer money and favors that he’s favored his campaign fundraisers and “bundlers” with – e.g. government grants, political appointments, Wall Street bailouts, Obamacare waivers for unions, etc. Maybe even Democrats realize that buying votes while running the country into debt is not sustainable.

News

Electric car company that got $500 million in stimulus announces layoffs

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From the left-wing Politico.

Excerpt:

In another setback for President Obama’s clean energy loan programs, the recipient of more than a half-billion dollars in federal loans is laying off workers at their Delaware and California operations.

Delaware’s News Journal reports that Fisker Automotive, a California-based electric car start-up company, is laying off an undisclosed number of staff to try to reserve enough capital in order to qualify for more federal help from the Department of Energy, according to a Delaware state development official.

“They’re trying to preserve the cash that they have,” said Alan Levin told the News Journal. “And unfortunately, until they meet the milestone that DOE continues to set … they’re not able to access the additional capital that they need.”

The company also came under fire last year for taking federal loans while producing cars in Finland. Company officials told ABC News at the time that “there was no contract manufacturer in the U.S. that could actually produce our vehicle.” The company was working on reopening a shuttered General Motors plant in Wilmington to produce vehicles — an effort that top Obama administration officials lauded.

[…]“This is proof positive that our efforts to create new jobs, invest in a clean energy economy and reduce carbon pollution are working,” said Energy Secretary Steven Chu. “We are putting Americans back to work and reigniting a new Industrial Revolution that is paramount for the economic success of this country.”

The company received $529 million in loans to produce two lines of plug-in hybrid cars.

The Wall Street Journal explains who stands to gain from the loans that were given to Fisker.

Excerpt:

A tiny car company backed by former Vice President Al Gore has just gotten a $529 million U.S. government loan to help build a hybrid sports car in Finland that will sell for about $89,000.

The award this week to California startup Fisker Automotive Inc. follows a $465 million government loan to Tesla Motors Inc., purveyors of a $109,000 British-built electric Roadster. Tesla is a California startup focusing on all-electric vehicles, with a number of celebrity endorsements that is backed by investors that have contributed to Democratic campaigns.

[…]Kalee Kreider, a spokeswoman for Mr. Gore, confirmed that the former vice president backs Fisker and purchased a Karma. “He believes that a global shift of the automobile fleet toward electric vehicles, accompanying a shift toward renewable-energy generation, represents an important part of a sensible strategy for solving the climate crisis,” she said in a statement.

Fisker’s top investors include Kleiner Perkins Caufield & Byers, a veteran Silicon Valley venture-capital firm of which Gore is a partner. Employees of KPCB have donated more than $2.2 million to political campaigns, mostly for Democrats, including President Barack Obama and Hillary Clinton, according to the Center for Responsive Politics, a nonpartisan group that tracks campaign contributions.

Officials at Kleiner Perkins didn’t return requests for comment.

So let’s recap. A company connected to Democrats gets a $500 million pay-off, then lays off employees to qualify for more payoffs. And all of this money is coming f

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