| Click for the Finfacts Ireland Portal Homepage |

Finfacts Business News Centre

Home 
 
 News
 Irish
 Irish Economy
 EU Economy
 US Economy
 UK Economy
 Global Economy
 International
 Property
 Innovation
 
 Analysis/Comment
 
 Asia Economy

RSS FEED


How to use our RSS feed

Follow Finfacts on Twitter

 
Web Finfacts

See Search Box lower down this column for searches of Finfacts news pages. Where there may be the odd special character missing from an older page, it's a problem that developed when Interactive Tools upgraded to a new content management system.

Welcome

Finfacts is Ireland's leading business information site and you are in its business news section.

Links

Finfacts Homepage

Irish Share Prices

Euribor Daily Rates

Irish Economy

Global Income Per Capita

Global Cost of Living

Irish Tax - Income/Corporate

Global News

Bloomberg News

CNN Money

Cnet Tech News

Newspapers

Irish Independent

Irish Times

Irish Examiner

New York Times

Financial Times

Technology News

 

Feedback

 

Content Management by interactivetools.com.

Analysis/Comment Last Updated: Aug 7, 2012 - 9:39 AM


Dr Peter Morici: It’s not just the economy, Mr. Romney
By Professor Peter Morici
Aug 7, 2012 - 4:31 AM

Email this article
 Printer friendly page

Dr Peter Morici: Among Republicans, it is an article of faith that high unemployment and voter disapproval of President Obama’s handling of the economy should put Governor Romney in the White House. Unfortunately, Republicans fail to grasp that challengers must offer a compelling alternative to unseat an incumbent. Plus other issues matter more to voters than party leaders care to recognize.

Governor Romney’s platform lays out detailed proposals to improve U.S. competitiveness, develop more domestic energy, streamline regulations, and lower health costs, but those are too complex to capture voter attention.

On the stump, it’s the usual Republican message—lower taxes, deregulation and free trade. In Ronald Reagan’s time, that was a winning strategy, but the country has changed.

African-Americans and Hispanics are a growing share of registered voters, many with strong allegiance to progressive values and critical to the outcome in some swing states. The latter are frightened by many Republicans’ views on immigration.

Republican opposition to abortion and guaranteed free access to women’s health care services is easily cast by liberal talk show personalities as a Republican war on women.

According to most polls, President Obama is winning the popular vote by a small margin but more importantly, he is ahead in seven of eight battleground states still up for grabs.

Real Clear Politics compilation of the various polls has President Obama ahead in 19 states and the District of Columbia—together those would deliver 247 of the 270 electoral votes needed to win. Governor Romney is ahead in 23 states, garnering 191 electoral votes.

That leaves Colorado, Florida, Iowa, Ohio, Nevada, New Hampshire, North Carolina, and Virginia to determine the election. President Obama leads in all those states, except North Carolina where Governor Romney’s margin is less than one percent

If Governor Romney delivers a more convincing economic message and reassures seniors he will shore up Social Security and Medicare in ways that do not threaten them, he should snag the close states. In Florida, Iowa and North Carolina, President Obama currently enjoys a margin of less than 2 percent, and securing those would give Governor Romney 241 electoral votes.

Of the remaining states, victories in Virginia and Ohio with 13 and 18 electoral votes respectively put him over the top, and if he loses one of those, it is unlikely he could win the election.

In Virginia and Ohio, unemployment is well below the national average, and important elements of Republicanism—limited government, conservative family values and ambivalence toward unions - - don’t resonate as well as in places like North Carolina or Iowa.

In Virginia, the numbers of African American and Hispanic voters has swelled in recent years, in part thanks to effective Democratic Party get-out-the vote-campaigns. It is the home of many federal employees, contractors and high tech activities. And, so far Governor Romney has proven no better than Senator McCain in framing a message attractive to the Old Dominion.

Although a strongly Republican state in congressional races, Ohio has sided with the winner in last 12 presidential elections. It has a well diversified economy and is recovering better from the recession than most parts of the country. Governor Romney’s message that President Obama has failed does not sell quite as well as in other places.

More importantly, Ohio is still a strong manufacturing state, with substantial union membership. Many folks working in its successful service activities have parents, siblings or schoolmates with union affiliation.

Sympathy toward collective bargaining runs deep in Buckeye culture. That is why Governor Kasich’s bid to curb public employee unions backfired, and the legacy of that confrontation is a burden to Governor Romney.

Running against President Obama’s record on the economy will carry Governor Romney only so far.

Republican baggage on women’s issues, immigration, unions, and harsh view of government and regulation hurt him where it counts the most—Virginia and Ohio, the states that will pick the next president. Governor Romney better wakeup and reassure voters on these issues or he simply can’t win in November.

Peter Morici,

Professor, Robert H. Smith School of Business, University of Maryland,

College Park, MD 20742-1815,

703 549 4338 Phone

703 618 4338 Cell Phone

pmorici@rhsmith.umd.edu

http://www.smith.umd.edu/lbpp/faculty/morici.html

http://www.smith.umd.edu/faculty/pmorici/cv_pmorici.htm

Check out our new subscription service, Finfacts Premium , at a low annual charge of €25 - - if you are a regular user of Finfacts, 50 euro cent a week is hardly a huge ask to support the service.

It's a simple fact that in the prevailing economic climate, the provision of high quality content cannot be sustained through advertising alone. 

Business executives who put a premium on time and value high quality information, should use our service.

Related Articles
Related Articles


© Copyright 2011 by Finfacts.com

Top of Page

Analysis/Comment
Latest Headlines
Disastrous 44-year War on Drugs and ignoring the evidence
HSBC & Tax Evasion: France/ Belgium issued criminal charges; UK/ Ireland nothing
Analysis: Germany world's top surplus economy; UK tops deficit ranks
Facts do not always change minds - can even entrench misinformed
Finfacts changes from 2015
Facts of 2014: Guinness not Irish; 110 people own 35% of Russia's wealth
In defence of dissent and Ireland's nattering nabobs of negativism
Dreams of European Growth: France and Italy facing pre-euro economic problems
Globalization's new normal needs permanent underclass - Part 1
MH17 and Gaza: who is responsible?
Israel vs Palestine: Colonization set for major expansion
Aviva Ireland's 'fund' runs dry and life cover to die for
We wish Martin Shanahan - new IDA Ireland chief - well but...
Ireland as an Organised Hypocrisy is in lots of company
Dr Peter Morici: Friday’s US jobs report won’t alter Fed plans to raise interest rates
Own Goal: Could FIFA have picked worse World Cup hosts?
Ireland: Spin and spending will not save bewildered Coalition
Irish Government parties set for 2-year vote buying spending spree
European Parliament: Vote No. 1 for Diarmuid O'Flynn in Ireland South
Dr Peter Morici: US April jobs report may show 215,000 added in April
Dr Peter Morici: Hardly time to call Obamacare a success
Celtic Tiger RIP: Change in conservative Ireland six years after crash
Dr Peter Morici: Five things to know about the Fed’s obsession with inflation
In age of acronym/ Google, Trinity to rebrand as 'Trinity College, the University of Dublin’
Hoeness case part of ‘painful’ change for Swiss bankers
Dr Peter Morici: The Cold War was only on vacation
Dr Peter Morici: US economy drags on Obama's approval ratings; Don’t look for changes in Washington
Dr Peter Morici: Bitcoin debacle shatters the myth of virtual money
Dr Peter Morici: US Tax Reform: Eliminate the income tax and IRS altogether
Wealth threatens the simple life in Gstaad, Switzerland
Irish journalists get cash payouts over 'homophobic' defamation claim
Irish academics get lavish pension top-ups as private pensions struggle
Dr Peter Morici: Inequality is President Obama’s highest priority, but solutions are naive
The Finfacts Troika: Better times ahead and a hangover to forget?
Dr Peter Morici: Volcker Rule arrives with the hidden jewel in Dodd-Frank financial reforms
Ireland's toothless fiscal watchdog threatens to bark
Analysis: Germany's current account surplus - - Part 2
The end of western affluence?
Bono's hypocrisy on Africa, corporate tax avoidance in Ireland
France like Ireland is run for the benefit of the old