January 15th, 2008
10:01 PM ET
13 years ago

Romney's next moves: South and West

(CNN) - Fresh off his first major win, the Romney campaign is focusing on South Carolina - they're back on the air there with a modest buy after briefly going dark to focus their resources on a Michigan win.The former Massachusetts governor is in a tight race with John McCain and Mike Huckabee in the Republican primary there, according to most recent surveys.

Thursday and Friday, it's on to Nevada, where the GOP race appears wide open.

Filed under: Mitt Romney • Nevada • South Carolina
soundoff (46 Responses)
  1. Galvin

    Today in the USA only 2% of the households own 80% of the world's assets. Within this small elite, a fraction embedded in financial capital owns and controls the bulk of the world's assets. Corporations such as Blackstone, Texas Pacific , Bain Capital Partners, Thomas H Lee Partners, Goldman Sachs, Carlyle, Apollo Management, Kohlberg Kravis Roberts, Merrill Lynch and Cerberus Capital Management reached an industry total of 402.6 billion in 2006.

    This small elite group pressure the government to 'bailout' bankrupt speculative firms and to balance the budget by lowering social expenditures instead of raising taxes on speculative 'windfall' profits. For the year 2006, Goldman Sachs (GS) recorded the most profitable year ever for a Wall Street investment bank, on the basis of big (speculative) 'trading gains and lucrative investment in the world's worst sweatshops in Asia.

    US financial ruling classes have long influenced, advised and formulated policy for US Presidents. But given the stakes, the risks and the opportunities facing the financial ruling class, it has moved directly into key government posts. (ie, Romney, Bain Capital).

    One measure of the enormous influence of the financial ruling class in heightening the exploitation of labor is found in the enormous disparity between productivity and wages. Between 2000 and 2005, the US economy grew 12%, and productivity (measured by output per hour worked in the business sector) rose 17% while hourly wages rose only 3%. Real family income fell during the same period (FT November 2, 2006 p.11). Three quarters of Americans say they are either worse off or no better off than they were six years ago (FT November 3, 2006 p.13).

    What is especially unprecedented is the dominant presence of members from one investment bank – Goldman Sachs. In late November 2006, Goldman Sachs (GS) senior executive William Dudley took over the Federal Reserve Bank of New York markets group. Hank Paulson, ex-CEO of GS is Treasury Secretary – explicitly anointed by President Bush as undisputed czar of all economic policies. Reuben Jeffrey, a former GS managing partner is the chief regulator of commodity futures and options trading, Joshua Bolten, White House Chief of Staff (he decides who Bush sees, when and for how long – in other words arranges Bush's agenda) served as GS executive director. Robert Steel, former GS vice chairman, advises Paulson on domestic finance. Randall Fort, ex-GS director of global security, advises Secretary of State Rice. The ex-GS officials also dominate Bush's working group on financial markets and financial crisis management. The investment bankers wielding state power will control the Bush regime's biggest housing giants (Fannie Mae and Freddie Mac), tax policy, energy markets – all issues that directly affect the investment banks. In other words, the financial banks will be 'regulated' by their own executives.

    The ruling class will continue to make drastic structural changes to ensure profitable returns and to retain influence. Changes in relocation of production overseas to low wage, low tax, non-union locations, the introduction of technology designed to reduce labor costs and increase productivity, and diversification of economic activity to incorporate lucrative financial 'services'.

    The degree of finance capital's stranglehold on political power is evidenced by the total lack of criticism by either party. As one financial newspaper noted: "Neither Mr. Bush nor Goldman have been criticized by Democrats for holding too many powerful jobs in part because the investment bank (GS) also has deep ties to Democrats. Goldman represented the biggest single donor base to the Democrats ahead of this (2006) year's mid-term election". (FT December 4, 2006)

    Neither the Democratic Party majority in Congress, nor the Republican-controlled Executive offer any proposals to challenge the financial ruling class's dominance nor are there any proposals to reverse its most retrograde policies causing the growing inequalities, wage stagnation and the increasing rigidity of the class structure. The reason has been reported in the Wall Street Journal and the Financial Times: An overwhelming chunk of the funds that Democrats raise nationally for election campaigns also comes from the ruling class Wall Street financiers.

    January 16, 2008 10:29 am at 10:29 am |
  2. Rhino

    Who in the world ever told you poor misinformed voters that Mitt Romney made his fortune himself?
    Mitt Romney was born into privilege and provided every opportunity from Day One.
    He never had to worry about a job, and his "success" at Bain was guaranteed.
    That's right – he had a "no-fail" agreement there with the founder of Bain, complete with a "reputation-saving" cover story if he failed.
    Do some research, folks. Don't get caught in all the sparkle and glitter.
    Read about some of the Mitt Romney business practices and see if you still believe he is such a patriot.
    He's an elitist, an opportunist, and couldn't give a rat's tail about the daily struggles of the American worker as long as his portfolio keeps growing in that offshore account.

    January 16, 2008 10:44 am at 10:44 am |
  3. Bill

    Mitt Romney is the most qualified candidate to lead our country with our present economic woes and challenges ahead. When I hear McCain speak, I feel he sounds rehearsed with a lack of enthusiasm. Maybe twenty years in Washington will do that to you. McCain had his chance in 2000, and now at 71 years old he thinks he is the candidate that can defeat the Democrat nominee. Bob Dole was too old in 1996 and so is McCain 12 years later. You served your country admirably, and now it is time to retire. Romney is the best candidate to challenge the Democrats on their rhetoric and warped economic polices. Romney is a Republican that has balanced a budget. Now that is saying something! Don't waste your vote on McCain(Mr. Old Washington DC) or Huckabee(the governor from the state of WALMART). Mitt is our only chance to defeat the Democrats! Romney is a proven leader with an entrepreneurial spirit that will fix our economy and change Washington's complacent nature.

    January 16, 2008 11:12 am at 11:12 am |
  4. A. delnevo

    Is there any reason why the CNN front page to their website and TV coverage of the elections shows a red and blue line preceded by 'stars' either stationary or moving across the screen? Interestingly the red line and star are always in front? Is this a not-so-subtle message that CNN is supporting the 'red party' and wishes to show that party as winning? In the interests of 'fair play' perhaps the lines should be equal and not be seen to apparently favor one color (political party) more than another?

    January 16, 2008 11:43 am at 11:43 am |
  5. j owens

    I live in SC. I have been contacted by mail and phone for quite a while now. Obama called twice mail once, Clinton call once, Edwards three times. I have 4 republicans mailing too many to count. 6 Call for POLLS of some independent groups or what ever. But Today there was a group for HUCKELBERRY. Any time I dissagreed with MIKEY they slamed Mitt, John and Hillary. Saying did you know blaa blaa did or said this does that make MIKEY more like your canadiate. Why bother me all the time. Even though I live is SC, I am from VA,
    I would say "BUY MY VOTE MITT"

    January 16, 2008 01:42 pm at 1:42 pm |
  6. Jason

    I'm from Arizona, and I have voted for John McCain as a U.S. Senator in the past. I respect Mr. McCain, but I'm not going to vote for him in the presidential election for several reasons: (1) I don't agree with his left-leaning positions on immigration, (2) I don't think he has the Executive experience to lead that branch of our government, (3) I know he doesn't have the economic knowledge and experience we need to help save our economy, and (4) I'm not sure his health would hold up over the next 8 years in today's hectic and fast-paced world.

    I'm voting for Mitt Romney because I think he has the right view on conservative principles, he has the obvious experience in the professional sector, he has plenty of experience as an Executive (both in the business world and in politics), and I think he has that intangible "it" that makes him truly Presidential. He speaks well, he looks great on TV, and has a presence that reminds me of Reagan.

    One final thought for the day...if John McCain benefits from Independent voters in NH and Democrat voters who can't vote for Obama in Michigan, why would Republican voters want him as their representative?

    January 16, 2008 01:56 pm at 1:56 pm |
  7. Tony

    Where's Fred? Has anyone seen Fred? Seems to me, the consistent conservative is consistently missing.

    January 16, 2008 02:12 pm at 2:12 pm |
  8. Tony

    Gosh Gene. Lindsey Lohan, Brittney Spears, Paris Hilton and PeeWee Herman have all said that if they had been preident of USA in October 2001, they too would have retaliated against the Taliban. Guess they all have backbone, as well. At least in wanting to protect America. Not much on the personal side I don't think.

    Did You forget that Bush's pursuit of Osama Bin Laden ended at Tora Bora and he was allowed to escape? Now we have 25,000 troops propping the Karzai government.

    January 16, 2008 02:32 pm at 2:32 pm |
  9. Nomad

    Fred WAS sleeping, but then he got up for a snack and someone told him he was running for President and he'd already missed several of the state "tests" and he'd better hurry to get to South Carolina or he'd miss that one too. So, he got out of his pajamas and hustled on down to SC and said some grumpy things to Mike Huckabee in a debate – but soon he'll be sleeping again – after losing and pulling out of the race!!! GO MITT!!!!!

    January 16, 2008 02:56 pm at 2:56 pm |
  10. Kerry

    Did anybody see McCain's spokespeople talking about the Michigan result? Geesh, are they sore losers. I didn't hear Romney whining that McCain had campaigned in NH before and had won the state before during the 2000 nomination contest. I'd really enjoy it if Romney could muster up a win against McCain in AZ. That would be freaking hilarious. He's got a legitimate shot. We'll see what happens Feb 5. The nomination isn't who 'wins' and who 'loses' the most or fewest states, but who has the most delegates. With this race, you probably don't have to 'win' many states to be the real winner in the end. But look at the vote totals: if this were a popular election (meaning he who receives the most votes receives the nomination) Romney would win by leaps and bounds.

    January 16, 2008 03:00 pm at 3:00 pm |
  11. Mary, Iowa voter

    lol Steve...who not only indicates he knows not so much about history when he implies that Lincoln was a liberal (he was a Republican), but states, "Being a conservative means… that we do not spend money wastefully… " lol. Someone forgot to tip Bush off to that. LOOK AT THE FEDERAL DEBT now compared to 7 years ago. lol. That IS amusing!!!!

    I thought I was an Indendent, but I must be a conservative after all, since I do not spend money wastefully; I happen to believe that having a healthy workforce is critical to our success as a nation. I happen to believe that if we stop supporting government FRAUD, no-bid contractors, and the influence of lobbyists, then WE PROSPER!!! Who can bring THAT to us???

    January 16, 2008 03:11 pm at 3:11 pm |
  12. Mary, Iowa voter

    JOwens, what are you doing about probable voter fraud in SC? Will your vote be counted or be subverted by a machine run by an EASILY tampered program? blackboxvoting.org has a series of really good videos on youtube that tells us that BOTH PARTIES have taken part in tampering with the votes.

    “It is enough that the people know there was an election. The people who cast the votes decide nothing. The people who count the votes decide everything.” Joseph Stalin

    January 16, 2008 03:27 pm at 3:27 pm |
  13. Heide

    About Mitt Romney,

    He is not a straight shooter, he speaks out of both sides of his mouth.
    Telling lies about Hukebee.
    I think he will do anything , to become the Prez. of the U.S.
    The Mormon religion is not an open religion. They pretend to be so family
    Well, the man is a god, and he will one day have his own planet with his wife and
    spirit children. The wifes better behave or he will not call her out the grave to
    live with him. A very secretive organisation. Look it up on the internet.

    January 16, 2008 03:36 pm at 3:36 pm |
  14. Freedom Fighter

    "appears wide open" – translation – "Ron Paul is polling well, we don't know if fraud will keep him down or not"

    Ron Paul for the win...

    January 16, 2008 03:49 pm at 3:49 pm |
  15. Paul

    I never voted for Romney. The US doesn't need a CEO as president.

    January 16, 2008 05:50 pm at 5:50 pm |
  16. Juan Ebonics

    Heide, you just revealed the true Huckleberry followers, they are just voting for him b/c of is faith. You need a better argument then attacking Mormonism. I listened to all the debates. Huckleberry couldn't defend himself b/c he is a liberal voter. It was so funny to watch him stumble through an answer. It is really shallow that since you can't argue political points you have to attack their religion. It tells me that Huckleberry doesn't have substance nor his people that support him. You are probably a young evangelical that doesn't know what she is talking about. Maybe when you mature you won't attack someones religion.

    January 16, 2008 06:16 pm at 6:16 pm |
  17. Roy

    To Heide. Please don't believe everything you read on the internet. You can find anything you want to believe on the internet, but it doesn't make it true.

    January 16, 2008 06:54 pm at 6:54 pm |
  18. Carol

    Just to comment on the Mormon woman thought: I'm a Phi Beta Kappa (UMd), Master's degree-holding LDS woman. As a convert of 25+years, I have experienced this faith as encouraging women, uplifting them, valuing their intuition, strength, moral courage as individuals as well as innately as women. I'm not afraid of the idea of having some "innate female" qualities. It's not a "bad word." I am a member of the largest women's organization in the world–yes, LDS, and you can checkout lds.org to see fruits of that. The naysayers are typically afraid of what seems "unreal"–happy families–functioning people that look like impersonators on the world's dysfunctional stage in this day and age. It's threatening to some. To me, it was a breath of fresh air. There are not perfect people in the church, of course, but some of those happy, albeit real, people really are as nice as they seem. It amazed me and is a testimonial I believe to the Christ-centered perspective we are taught. We are taught to hold to what lasts–principles that work over the long haul–and that just makes sense. I like it alot! If Mitt Romney can demonstrate to me that he is a fundamentally moral person, with competency, vision and experience, I will vote for him based on those criteria. Good luck with all of you on that quest to make a wise, informed choice.

    January 16, 2008 07:57 pm at 7:57 pm |
  19. Taylor

    Wow, Heide, good job looking like a bigoting moron. You sound like a misguided ignorant follower. Did your pastor tell you those things or did you read them in a book? People, honestly if you are going to make arguments against candidates, at least be intelligent about it.

    January 16, 2008 08:09 pm at 8:09 pm |
  20. Gene

    Gosh, Tony. Have you forgotten Bill Clinton was offered Bin Laden on a silver platter more than once and did nothing about it? Guess he was too busy doing 'something' else as President and George Bush had the BACKBONE to take ACTION...something the Hollywood brats could only 'talk' about. Talk is cheap and who wouldn't change the channel when these pathetic people get in front of a camera. GEEEEZZZZZZZ!

    January 17, 2008 02:25 pm at 2:25 pm |
  21. Wilhemina

    GOD will not be Mocked, Romney will not get the Presidency, there is only one GOD, and we are his creation, we are not gods.

    January 17, 2008 08:13 pm at 8:13 pm |
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