Posted on 01/23/2008 5:49:16 PM PST by jdm
SARASOTA, Fla. - With recession fears growing, Mitt Romney’s latest television ad is part resume, part resolve. And all reassurance.
"I know how America works because I spent my life in the real economy," says the man who made millions as a venture capitalist. "My plan will make America strong."
No mention of John McCain, Rudy Giuliani or Mike Huckabee, Republican presidential rivals whose campaign credentials lean heavily on government service. The point is unmistakable, all the same.
The ad is the most visible element of Romney’s strategy for the final week of the Florida primary. After a series of early campaign setbacks and one notable triumph, the former Massachusetts governor and aides have concluded that even in a state with relatively low unemployment, economic anxiety is his best hope for a victory that could finally set him on a path to the nomination.
"I won’t need a briefing on how the economy works. I’ve been there. I know how the economy works," he told an audience on Wednesday to applause.
Not surprisingly, his Republican rivals are loath to let his claim go unchallenged.
"Of all the people running for president of the United States, I’ve had the most experience in turning around a government and turning around an economy," Giuliani said earlier this week. "I actually accomplished that in New York City," the former mayor added.
McCain’s aides recently circulated a one-page compilation of reports, many from the media, that said Massachusetts state spending rose sharply and economic growth lagged during Romney’s four years as governor. One recalled his refusal to take a position on President Bush’s tax cuts in 2003.
In fact, Romney the politician can seem awkward trying to acknowledge the economic anxiety that is manifest in opinion polls.
"I do believe that among our citizens there’s a growing concern about our economy as they see the dollar slide, the stock market slide," he said recently before listing more common concerns such as mortgage foreclosures and job losses.
And on Tuesday, as the markets braced for a sell-off that would send stock prices plummeting, he mixed in some professional investment advice. "If I were at home I’d be calling my broker and looking for opportunities to buy," he said.
Whatever his earlier position on tax cuts, Romney now preaches their virtue.
On Saturday, he issued an economic stimulus plan totaling $233 billion, half again as big as anything President Bush and congressional leaders had been discussing.
Its centerpiece is tax breaks for businesses investing in new equipment, an essential element, he says, for the creation of jobs.
It also included an individual income tax rebate of $400 to get money into the economy quickly, as well as a permanent reduction in the current 10 percent income tax bracket to 7.5 percent, designed for longer-term economic growth.
Under his plan, millions of lower-paid workers who pay payroll taxes but no income tax would not receive rebates. "I don’t give it to people who don’t pay taxes," he told one audience, which applauded in return. Aides also cited studies they said cast doubt on whether lower-income workers had used earlier rebates to stimulate the economy by purchasing consumer goods.
Romney’s decision to emphasize his business background comes at a pivotal point in the battle for the nomination. Many conservatives have never warmed to him, wary of his previous support for abortion rights and gay rights. Huckabee’s rise in Iowa and McCain’s New Hampshire comeback made Romney odd-man out in the first two events of the year.
He rebounded smartly with a victory in the Michigan primary, where he campaigned on a promise to try and bring back the thousands of auto industry jobs that have been lost in recent years.
A Michigan native, he also stressed his personal ties to a struggling state with the highest unemployment in the country.
Without the same economic-based appeal, but without the personal connection, he stumbled the following week in high-unemployment South Carolina, where McCain won and Huckabee came in second.
Now Florida looms as the final single-state test before the campaign goes national with more than 20 primaries and caucuses on Feb. 5. With former Tennessee Sen. Fred Thompson out of the race, Huckabee out of money and Giuliani in desperate need of a victory, the winnowing process is under way.
Ironically, Florida presents Romney with a personal business decision to make.
He has poured $35 million or more of his own funds into the race. While he has outspent his rivals on television in Florida, until Wednesday he had not advertised in Miami, the state’s most expensive media market. According to officials who spoke on condition of anonymity, aides have urged him to do so, and in recent days asked him to commit another $400,000 or so from his personal funds to finance the effort.
None of the behind the scenes maneuvering plays out in public, though.
Instead, Romney’s aides produced a new campaign backdrop within hours after the Federal Reserve cut interest rates and the stock market plunged on fears of recession.
"Economic Turnaround," it read.
I do have a question regarding Romney. He is suppose to be a real hotshot in business.
Since this is rapidly becoming a global economy, if not already; how will the American workforce fit into it. We are rapidly losing jobs here due to lower and cheaper wages overseas. We are losing jobs even in America with the influx of immigrants; illegal or otherwise. Will the American worker have to take lower wages to compete.
Also, will this global economy only benefit the rich. Will small companies here be able to benefit and compete.
Also will he favor those of his faith first. That is a fair question; and not meant to be in any form racist or whatever.
That sounds like a Texas hillbilly type of question. Are you a Texas hillbilly?
Are you kitting?
Ok guys, what’s with the funnies? I asked legitimate questions.
Should be "Are you kidding?"
No, just asking a question like that starts crap.
We are at full employment in the US; far beyond the average of the 90's and 80's. Stats are our friend.
When the US is no longer price competitive in a given industry, the jobs follow the money and most people switch careers. Some sit home and whine and demand free money. Those people are called democrats. Get rid of Unions and frivolous lawsuits,(institute loser pays rules), and those jobs will return to some extent.
*business resume*
If that is what it takes, lets go for the gold and have Donald Trump
All this nice if we wern’t attacked by the IslamOfascist
and will be at war for a long time.
Me, I want a candidate who has military, National Security, and foreign Policy experience.
If you think if the IslamOfaschist win, they will let you keep your 401Ks and stocks, guess again.
That’s pretty unfair.
Can you name a president that favored members of his faith first? Didn’t think so....it is a not starter question.
Did you or anyone else read my qustions or did you find the word racist and assume that’s all there was?
If you can name one president in history who played favorites with his religion, I will answer your question.
Are you thinking that those of his faith will get a bigger economic stimulus package than others, or that businesses that are owned by those of his faith will get bigger cuts for capital equipment?
Please explain your thinking.
A rising tide lifts all boats.
A presidential candidate offering tax cuts and rebates. This is great! Bill Clinton only offered cuts, no rebates, and at that only to the middle class.
Does everyone remember what they actually got?
Another thing I’ve been looking for and have not seen yet is a promise to fix soshacurity.
Not now. Would have to do some research to see if I can answer.
On your FR page; you say your strength is one on one and verbal communication. I hardly think so. I think intimidation and humiliation is more like it.
One on one, means in person....I see you are a little slow.
I know what you mean. Now you may answer why you chose to ignore my other questions.
I plead the Fifth.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.