Political football that is. A Monday night partay! The preseason ends Monday when Mitt Romney is officially nominated by the Republican Party as their presidential candidate. Preseason is a apt metaphor, hopefully, the Romney campaign hasn’t showed much yet. I’ve been telling myself Romney’s keeping his powder dry for the stretch run.
Being officially nominated changes the game. By law, Romney can’t tap his general election funds until he’s the official nominee. Obama hasn’t had to deal with that issue as the incumbent, unopposed Democratic nominee. Obama’s been playing the starters for four quarters all preseason and he’s only managed a tie. I foresee Obama and his media allies becoming very dyspeptic over the next 60 days now that Romney can launch an all-out blitz of his own.
You didn’t build that. Remember how that swell ad popped up and got Obama really, really riled? Then the ad kind of disappeared. I have a feeling a lot of people in swing states are going to be treated to similar versions featuring local residents in the coming days. I hope they are, anyway. That ad is a killer and so easy to replicate with business owners in Pennsylvania, Oiho, Michigan, and every other state.
But I don’t want to see it until October 6th. Don’t shoot until you see the whites of their eyes. Save the best for last.
I do enjoy that Romney enjoys a cash advantage over Obama at this point in the campaign. There’s something about this that strikes me as odd:
…President Obama, whose campaign spent more than it raised in July, federal election filings from Monday show.
The campaign spent about $40 million on advertising and nearly $60 million total last month despite raising $49 million.
Oddly familiar. He brought in $49 million and spent $60 million. What makes me sad is by spending 18.3% more than his campaign raised Obama managed his campaign funds far, far better than he has our tax dollars. In 2010 Federal tax receipts were $2.16 trillion and Washington spent $3.46 trillion – 59.8% more than they raised. In 2011 it was only 56.5% more – $2.3T raised and $3.6T spent.
There’s a word for people who spend public funds a lot more freely than they do their own – politician.
Not only has Romney spent far spent less on ground operations–the campaign’s payroll, event, and travel costs were much lower than Obama’s–but he has also not yet begun to agressively (sic) advertise. Media spending constituted less than half of the Romney campaign’s haul last month.
One thing a person who’s run a business understands is managing costs. I’ve heard similar stories about Romney at the Olympics coming in and cutting costs. At my office we’ve gone through some lay-offs and restructuring this year, are having to make do without some equipment and resources it would be nice to have, and probably won’t have nearly as nice a Christmas party come December. That’s not the best work environment but it sure beats the alternative of going broke.Who knows if Romney would govern as he runs his campaign. But if campaigns are indicative of how one would govern it’s a promising sign.
Regardless of how Washington has gamed the tax code federal revenues average 18% of GDP. History has shown us how much we can reasonably expect to take in. The only way to balance the budget is to reduce costs. Spend less. At least Romney shows that instinct in how he manages his organization.
The legendary Bum Phillips once said of Bear Bryant, “He can take his’n and beat your’n and take your’n and beat his’n.” We’ll see how Obama holds up against an equally, perhaps better, funded opponent. Obama rose to prominence on a promise to change how things are done in Washington. In one respect he was an unequivocal success:
In capturing the presidency, Obama, 47, became the first major-party nominee to reject federal funding for the general election. He spent $740.6 million, eclipsing the combined $646.7 million that Republican President George W. Bush and Democratic nominee John Kerry spent four years earlier.
Arizona Senator McCain, unlike Obama, accepted $84.1 million in public financing for the general election, a decision that barred him from raising money privately. Obama outspent him by a 4-to-1 margin from Sept. 1 through Nov. 24, FEC records show.
Outspending both candidates from 2004 combined and 400% more than his Republican challenger in 2008. Maybe campaigns are an accurate predictor of how a candidate will govern.
I guess we’ll find out. The regular season kicks off Monday.