THE PLANK JANUARY 7, 2008
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Salem, New Hampshire
There's a clever line in a Silver Jews song that goes,
"When the governor's heart fails / the state bird falls from its
branch." That line popped into my head while I was watching Mitt Romney do
an event at an Elks Lodge here this afternoon. I don't know what happens when a
former governor's presidential campaign fails--the state flower wilts?--but I
think we're about to find out.
The ironic thing about Romney's current predicament--having
lost Iowa to Huckabee and now trailing McCain by five points on the eve of the New
Hampshire primary--is that, in what may be the final days of his campaign, he's
actually settled on a message that suits him. Romney is finally selling himself
as the competence candidate. I say finally because, for much of this campaign,
Romney was running as a culture warrior. The Romney game plan, as I understood
it, was to establish his conservative bona fides on hot-button social issues
like abortion and immigration--bona fides that were going to take some work
establishing given his rather moderate stances on those issues in the past--and
then pivot to take advantage of his business background and management
experience. But the pivot never seemed to come.
Until now, that is. Jumping on the change bandwagon after
Iowa, Romney is now running on the slogan "Washington Is Broken." The
solutions he proposes for fixing it aren't really all that novel or different
from those put forward by his rivals. Where Romney tries to set himself apart
is by arguing that he's actually competent enough to execute those solutions.
"How many decades has Washington been talking about ending illegal
immigration?" he asked at the Salem rally today. "Like all Washington
politicians, they all say they're going to secure the border, they just
don't." He offered a similar riff on energy independence:
"Independence on foreign oil--for how long have we heard that refrain out
of Washington? I mean I remember Jimmy Carter talking about that. He was going
to reduce our dependence on foreign oil, and it went on year after year after
year, we're always going to reduce our dependence on foreign oil, and somehow,
we're using more of it now than ever before." And so on and so forth.
Now, part of this new approach by Romney is a bit unwieldy,
since the candidate he's trying to portray as Mr. Inside-the-Beltway is McCain.
But, putting that small matter aside,
Romney's claims that he could actually execute some of these changes is
believable--given his business expertise and management skills. Indeed, this
"change agent" argument Romney's now making doesn't seem that
different from the sort of pitch he must have used while scoping out LBO
targets when he was at Bain Capital. In his new guise, Romney--whose love
affair with PowerPoint has been sorely tested by the conventions of a presidential
campaign--even has a numbered "To Do" list that hangs on stage behind
him, with items like "Make America Safer" and "Cut the
Pork" that he says have been raised by voters at his various rallies. As
he explained to the crowd in Salem today, "We'll keep adding on as we keep
going across the country."
But, the problem for Romney is, he's been viewed as a phony
for so much of the presidential campaign that it seems unlikely voters will
believe that this new "change agent" Romney is really, truly him.
Having tried on so many guises over the course of the past year, Romney is now
unable to be himself--even when he is.
And that's why the event in Salem this afternoon had
something of a funereal quality. There weren't any empty seats, but the Romney
campaign had seemingly guaranteed that by holding it in a cramped Elks Lodge.
(McCain, by contrast, held is Salem event on Sunday in a middle school
gymnasium.) When Romney finished his pitch, he was greeted with polite but
hardly raucous applause. And when the rally hit the 30 minute mark, a number of
voters began to leave--as if they'd budgeted a half hour for Mitt and they'd
seen or heard nothing that warranted going over that budget. I see (via
Romney symp Noam) that Joe Klein thinks Romney's rising and McCain's fading,
but that's not what I saw over the past two days at the candidate's respective
events. I think the polls probably have it right. And if Romney is 0 for 2 as
of tomorrow night, I think that even the primary in his ancestral home of
Michigan might be a lost cause for him.
--Jason Zengerle
14 comments
"this "change agent" argument Romney's now making doesn't seem that different from the sort of pitch he must have used while scoping out LBO targets when he was at Bain Capital"
Except that orchestrating a successful turnaround or LBO depends heavily on one's ability to fob off every identifiable source of risk to dumb suckers, oops, I mean, other parties. Use the bankruptcy code to stuff the creditors with crap debt and force the unions to accept nothing, and like it. Game the tax code. Lever yourself to the hilt-- no matter, if you screw up, your fund's investors will eat the loss; if all goes well, you get 20% of the profits beyond your hurdle rate, and your taxed a t a lower marginal rate than nearly every working stiff.
A little tough to play that favorite hedge-funder game of Arbitrage the State when you, um, are charged with running the state.
Oh, one more thing: in Bainie World, you just assemble all those data points, get together in a room, crank out your sensitivity analyses, and voila! you have A Strategic Path. In the real world, your intel director feeds you crap, your Sec State contradicts him, your NSA plays both sides of the fence, your allies are signing sweetheart deals with your enemies, and French senior officers leak your battle plans to Serb mass murderers and Russian officers leak your battle plans to arab mass murderers...
Bain : White House :: t-ball : the NFL
- teplukhin2you
January 7, 2008 at 9:45pm
After NH, it's hat-trick time: Iowa, New Hampshire, Michigan.... Ronna, Scott, Mitt....
- yukon
January 7, 2008 at 9:56pm
Romney's already 1 for 2 - he won the (largely inconsequential) Wyoming caucus. Not much to go on, but he's not heading into NH totally empty-handed.
- benjamin81
January 7, 2008 at 10:49pm
I can't dispute what Jason is seeing with his own eyes, but, like my Republican idol Mitt Romney
- Anonymous
January 8, 2008 at 1:38am
Excellent takedown Tep.
- tec619
January 8, 2008 at 8:11am
Jason,
I don't know...I am not quite as sure about Romney being doomed as I am about HC. That 40% indie slice is hard to predict. If they go for Obama and leave McCain exposed, Dash Riprock still could get very close.
I did predict that Edwards would win last week but if you do recall, I called HC for third. My guess is that Obama will blow out the night, Edwards 2nd, and HC 3rd.
I think that McCain and Romney will be close. The Mummy may indeed win but Dash will be close. That is my call.
- thejauntyboulevardier
January 8, 2008 at 9:57am
Romney's effort to grab the mantle of "candidate of change" is absurd! Maybe as in "change of mind." Granted, my cozy sideline seat is far from the huddle, but Romney's game plan appears obvious and it is one of the most obsequious, transparent and pandering strategies I've seen play out in a long, long time. Did anyone hear his pledge of allegiance to big pharma during the Fox Presidential Forum? It's something to hear. He's the quintessential country club Republican, the Wall Street wing personified. Seriously, what kind of change are we really talking about here? The idea of Romney as "agent of change" is utterly ridiculous. When it comes to "change" he really can't even talk a good game.
SB
PS And incorporating Obama's message of change AFTER watching his train blow through the station is hardly shrewd, it's chameleon and it's perfectly Romney.
- sbennett53
January 8, 2008 at 11:11am
Romney will go on, because he has the resources to do so. So does HRC. The game ain't anywhere near over, at least for those two.
The Clintons will simply not go gentle....
- butchie b
January 8, 2008 at 11:25am
butchie b is dead right. Romney will go on because the nomination will not have been decided yet. On the Democratic side, if enough voters are pissed off by the idea that only Iowa and New Hampshire Democrats got to choose their candidate, on February 5th many of them just might decide to re-open the bidding. As the sign at the top of the first roller coaster hill used to say: "Hold your hats!"
- JackR
January 8, 2008 at 11:45am
buthie b
alas, I think you are right...
- thejauntyboulevardier
January 8, 2008 at 11:46am
JackR,
I agree with you that HRC will hang in there despite any lousy finish in NH and probably SC too. She'll be there on Feb 5, for sure. But I don't see too many Super Duper Tuesday folks voting for Hill just to spite Iowa and New Hampshire. That presupposes an involvement in the process of nominating a candidate that I just don't think many voters have.
- aeromonas
January 8, 2008 at 2:00pm
aeromonas: I sure hope you're right. Maybe I'm just being paranoid, but after a wave breaks, it can have an undertow.
- JackR
January 8, 2008 at 2:47pm
Not to be cynical, but post-Iowa, Mitt Romney seemed to be desperately trying to mimic Obama's call
- Anonymous
January 10, 2008 at 10:05am
A couple of quick thoughts about tonight's debate: 1.) You'd probably expect it from a notorious
- Anonymous
January 24, 2008 at 11:59pm