Diary
I suspected that a key motivation for Mitt Romney to run for president is that he wants to achieve what his father did not. Nicholas Lehman in his New Yorker profile provides evidence that this interpretation is correct. The profile makes you understand Mitt Romney very well. TRANSACTION MAN: Mormonism, private equity, and the making of a candidate. Lehman explores Romney’s background through historical research, and by talking at length with Romney’s friends and colleagues, as well as with the candidate himself. If elected, Romney, scion of an old, distinguished Mormon family (his ancestors had a direct connection to Joseph Smith and Brigham Young), would arguably be the most actively religious President in American history; he’s been deeply influenced by the Mormon values of personal discipline and business-centric practicality. His approach to problem-solving, meanwhile, has developed over the course of a long career as a consultant, at Bain & Company, and in private equity, at Bain Capital; he thinks of himself as a rescuer, someone who can apply data-driven analyses to otherwise intractable problems and emerge with workable solutions. Romney, in short, presents an unusual combination: personally, he is driven by old-fashioned values, while professionally he is thoroughly modern, a prime mover in the finance-driven, post-corporate, essentially transactional economy that has come to define America in the early twenty-first century. Though Romney is direct, pleasant, and engaged in small groups, his campaign has been hindered by his inability to open up in front of crowds. Download Full Article here.Revealing Mitt Romney
Diary
This may be the turning point in the election. David Brooke’s explains why. Thurston Howell Romney In 1980, about 30 percent of Americans received some form of government benefits. Today, as Nicholas Eberstadt of the American Enterprise Institute has pointed out, about 49 percent do. In 1960, government transfers to individuals totaled $24 billion. By 2010, that total was 100 times as large. Even after adjusting for inflation, entitlement transfers to individuals have grown by more than 700 percent over the last 50 years. This spending surge, Eberstadt notes, has increased faster under Republican administrations than Democratic ones. There are sensible conclusions to be drawn from these facts. You could say that the entitlement state is growing at an unsustainable rate and will bankrupt the country. You could also say that America is spending way too much on health care for the elderly and way too little on young families and investments in the future.The Turning Point in the Election
Diary
Michael Lewis was able to spent 6 months following Barak Obama. He provides us we a good glimpse of what it is like to be President in his Vanity Fair article. Here is the key passage: This was the third time I’d put the question to him, in one form or another. The first time, a month earlier in this same cabin, he’d had a lot of trouble getting his mind around the idea that I, not he, was president. He’d started by saying something he knew to be dull and expected but that—he insisted—was nevertheless perfectly true. “Here is what I would tell you,” he’d said. “I would say that your first and principal task is to think about the hopes and dreams the American people invested in you. Everything you are doing has to be viewed through this prism. And I tell you what every president ... I actually think every president understands this responsibility. I don’t know George Bush well. I know Bill Clinton better. But I think they both approached the job in that spirit.” Then he added that the world thinks he spends a lot more time worrying about political angles than he actually does.Michael Lewis on what is it like to be President
Diary
From ABC News: The American public may be divided on “Obamacare,” but when faced with choosing a candidate to care for them if illness struck, President Obama is their man. By a 13 point margin - 49-36 percent - registered voters polled by ABC News chose the president over Mitt Romney to nurse them back to health.Where the polls on Obama vs. Romney
When asked who they thought “would make a more loyal friend,” the results were about the same. By a 50-36 percent count, respondents said Obama was more likely to stick with them through trying times.
As for suppertime, still more ugly numbers for Romney. Fifty-two percent of registered voters polled by ABC News said they’d rather have Obama visit their homes for dinner. Just 33 percent said they’d prefer Romney at the table.
But it’s not a total wipeout for the Republican. On what ABC News poll chief Gary Langer calls the most instructive question - which candidate they’d rather have “as the captain of a ship in a storm”- Romney loses to Obama, but by just three points, 46-43 percent.
“Obama’s advantages, in turn, include a persistent lead over Romney in empathy; registered voters by 50-40 percent think Obama better understands the economic problems people are having, and continue to rate him as more personally likeable, by a broad and steady 61-27 percent,” Langer eports. “When the two views are tested against each other, empathy independently predicts vote preferences to a far greater degree than does likability.”
These latest numbers will only build confidence among Obama and his supporters, as the Democrats appear to be enjoying a significant post-convention bump in the polls. The most recent figures have the president with a growing lead nationally, 50-44 percent, according to an ABC News/Washington Post survey. Romney had been up a single point, 47-46 percent, in a poll taken just two weeks ago.
Diary
The Economists provides a good review of Obama’s acceptance speech. PERHAPS because there are so few of them, campaign strategists for both Barack Obama and Mitt Romney can describe the undecided voters who will help determine the outcome of this year’s election with remarkable precision. On Thursday evening in Charlotte, North Carolina, on the last night of the Democratic convention, Mr Obama made his case for re-election directly to those elusive swing voters. Who are they? At Mr Romney’s campaign headquarters in Boston recently, senior aides told your correspondent that their target swing voter was a married, middle-class, middle-aged woman who voted for Mr Obama in 2008. Inspired by his promises and swept up in the excitement of electing America’s first black president, such voters now feel deeply disappointed by the president’s actual record, it was asserted. In Tampa last week, Republicans predicted that the president, unable to run on his record, would have to mount a negative campaign and seek to suppress Mr Romney’s vote, paving the way for a grim, ground-out victory on the backs of the various special-interest groups that make up the Democratic base.Obama’s pitch to the few undecided voters
The Democratic convention: Barack Obama’s pitch to the centre
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