Posts Tagged ‘marketwatch’
[…] “It’s the perfect opportunity for a Wall Street Republican to make the case that what the country needs now is good business mind, not a former war hero,” writes Rex Nutting, Washington bureau chief of MarketWatch, in a MarketWatch article titled Romney running for tycoon in chief; Commentary: Will business background be a plus?
Unfortunately for Romney, that appeal isn’t working in the Republican primaries.
Polls show that national security concerns continue to rank much higher among Republican voters, even if worries about the economy are growing. According to the Rasmussen Poll, Republican voters in Florida would rather pick a commander in chief than a chief executive for the U.S. economy.
Romney’s support has soared over the past two weeks, especially in Florida. He’s tied with Sen. John McCain in the latest polls ahead of Tuesday’s vote. But the Romney surge isn’t related to the bad news about the economy; rather, he’s picking up conservative voters stranded by Fred Thompson’s withdrawal from the race and Huckabee’s partial pullback from Florida.
Romney leads McCain among conservative voters, and he’s hoping that his message of economic competence could gain him support among voters who see themselves as moderates, where McCain holds a sizable lead.
Romney has been going directly after McCain, his chief rival for the nomination, accusing him of being out of touch on the economy. He has mocked McCain for saying “economics is not something I’ve understood as well as I should.”
McCain has fired back, saying that while Romney was making millions and working for “profit,” he was serving “patriotism.”
So far, the economic themes haven’t been registering for Romney.
According to pollster Scott Rasmussen, “McCain actually holds a slight lead over Romney among voters who name the economy as the top issue.” Seven of 10 Republicans say the best thing the government can do to help the economy is get out of the way, which is more McCain’s view than Romney’s.
Maybe Romney understands the economy, but it looks as if it’s McCain who understands Republicans.
If Romney can get past McCain and win the nomination, he’ll try to persuade independents and hesitant Democrats that his business background qualifies him to be president.
But if he does make it past the convention, it’ll be an uphill struggle to run as a tycoon after the mess Wall Street has made of the economy, with its overhyped dotcoms, its phony accounting, its bloated bonuses, and its toxic mortgages […]
The emphases are ours, all ours.
We heartily concur. See:
- Gavin: “Throughout his 15-year career at Bain Capital, which bought, sold, and merged dozens of companies, Romney had other chances to fight to save jobs, but didn’t—His ultimate responsibility was to make money for Bain’s investors, former partners said.”
- Flaherty: “Layoffs are a common result of private equity takeovers, with [Romney’s] Bain Capital no exception”
- Romney in FL wants credit for being a major player in the financial services sector—at the very moment that that sector is crashing and taking the US economy down with it
yours &c.
dr. g.d.