If the Economy’s Improving, Why Should the GOP Settle for Romney?
There might not be any reason for Mitt Romney to exist anymore, as a Republican candidate anyway.
The entire rationale for Mitt Romney’s candidacy was that he is a “turnaround artist.”
As a private-equity guy he helped make dying companies profitable again. He’s the one who saved the Salt Lake City Olympic Games from financial disaster. He helped to balance an out-of-control Massachusetts budget without a tax raise (he did raise fees). But it looks like the economy is already turning around. Unemployment keeps going down. Jobless claims are doing better than they have in decades. Investors are happy. At the campaign stops we’ve been at, Romney has been saying that the American economy was always going to recover, but Obama made the recession longer and more painful than it had to be.
But no one will care if the recession is ending.
Even the Washington Examiner’s conservative columnist Tim Carney is wondering what the point of running Romney would be.
But what if unemployment continues to drop? What if it’s below 8 percent come October and the payroll numbers published Friday, Nov. 2 — four days before Election Day — show things getting better? History, in this case, suggests that Obama would be a strong favorite. New York Times pollster and statistician Nate Silver determined that the trend of unemployment numbers is one of the strongest determinants of an incumbent’s re-election chances.
According to Daniel Gross, Mitt Romney could plausibly be call four different states a “home state”, Michigan, California, New Hampshire, and Massachusetts. He’s being outpolled by Obama in all of them.
And the past month the news-media hasn’t been talking about jobs, or jobs, or jobs. It has been about the Komen Foundation and Planned Parenthood, about whether Catholics must provide free contraception to their employees, about gay marriage bans being overturned by Federal courts.