Monday, May 16, 2011

Donald Trump Announces He Will Not Run

Trump
Trump released a written statement today declaring that he will not seek the presidency. This marks the fourth declaration--in or out--by candidates in the last several days, further reinforcing the notion that the field is taking shape. The Campaign Status page will be continually updated as candidates join or leave the field.

Why won't Trump run? In his written remarks, Trump said that business is his passion, and that his decision was made despite strong poll numbers. Actually, Trump's support has been in a state of collapse. Trump declined to run for the reason almost everyone else does: He does not believe he can win the nomination.

Elephant Watcher was a "Trump skeptic" from the beginning, never giving Trump more than a 1% chance of victory. His vulnerabilities were clear from the start, regardless of national primary polls. It was bad enough that he was not viewed as an electable candidate; his identity as a Republican was also in doubt.

Consequently, Trump's departure alters the field only slightly. Christie has taken Trump's 1%, bringing Christie up to a 63% chance of winning the nomination. Christie will step in and take the role from Trump of the brash, "tell it like it is" candidate.

Was Trump's candidacy just a publicity stunt? Probably not. Trump did gin up a lot of publicity and controversy, but he also did a lot of behind-the-scenes work that would not have made sense if he was not seriously considering a run. Most likely, Trump tested the waters at first, was thrilled by his high poll numbers (for awhile he led in the national primary polls), and set to work on a run for the presidency. Then, as it became more clear that Republicans were not buying his candidacy, he decided to save himself the humiliation (and work) of a failed presidential run.

What's the Best Job Experience for Running for President?

During a recent radio interview, Chris Christie was asked what kind of person he would support for president. Governor Christie replied that, preferably, the Republican nominee should be a governor. Historically, governors have fared well at the polls. It's not difficult to see why: Both the presidency and a governorship are executive positions. They are tasked with managing government, not voting on legislation as a Senator or House Representative would.

Of course, governors are not the only kind of candidates who win, and they are far from the only type of candidates who run. Nevertheless, primary voters do value electability, and the type of office held by a candidate does factor into electability. You may view the experience and perceived electability of all the Republican contenders on the Profiles page.

It's worth taking a look at the roster of Republican candidates in light of this factor. The following is a list of the candidates arranged by the type of offices they held. Afterward, we will compare it to the experience of the men who have been elected president.

Vice Presidents (0)
[none]

Governors (5)
Christie
Daniels
Palin
Pawlenty
Romney

Senators (1)
Santorum

House Reps (2)
Gingrich
Paul

Cabinet (0)
[none]

Military (0)
[none]

Business/Unconventional (2)
Cain
Trump

Christie should approve of such a governor-heavy field. But what about the men who have actually won the presidency? The following are the highest offices achieved by the men who were elected president during the 20th and 21st centuries. The list does not include those who did not win their first terms (i.e. they inherited the presidency due to death or resignation of the incumbent).

Vice Presidents (2)
Bush Sr.
Nixon

Governors (6)
Bush Jr.
Carter
Clinton
Reagan
Roosevelt
Wilson

Senators (3)
Harding
Kennedy
Obama

House Reps (0)
[none]

Cabinet (2)
Hoover
Taft

Military (1)
Eisenhower

Business/Unconventional (0)
[none]

There is a clear preference for governors, but a slight majority of the presidents held some other kind of office. What we do not see are House Representatives or men from a business (or unconventional) background. The challenges for House Reps is that they have not proven themselves capable of winning a state-wide election; they only need to win in their district. Senators, on the other hand, must win state-wide. Obviously winning the presidency requires the ability to win over a diverse coalition, and that may account for the difference.

For the current field of Republican candidates, precedent favors the governors. History is a hurdle for Cain, Gingrich, Paul, and Trump. Interestingly, according to Elephant Watcher's present calculation, the four most likely candidates to win the nomination are all governors.

Sunday, May 15, 2011

Who Benefits Now That Huckabee's Not Running?

Huckabee's decision not to run provides the 2012 Republican primary with its first dramatic shake-up. In the aftermath of Huckageddon, Elephant Watcher has recalculated the odds of the nomination battle. Huckabee had a 12% chance of victory which is now dispersed among the candidates. For a full analysis and graph of the Elephant Watcher projection of the candidates' odds, see the Rankings page.

The following is an explanation for why each candidate did (or didn't) improve his chances of winning the nomination now that Huckabee is no longer a contender:

No one candidate got a big bounce from Huckabee's exit. Huckabee was leading the polls in Iowa and South Carolina, which presumably helps whomever is in second place there. The problem? There is no clear second place in those states. (See all the early state primary polling on the Primaries page.) There is also no "Huckabee Jr." candidate who will step exactly into his shoes. Instead, many candidates will benefit a little.

Christie +2% -- He benefits from any sense that there is a vacuum in the field. Huckabee's departure also removes an obstacle from Iowa, where Christie will need to prove he is not over-hyped. But other candidates will move in to fill the void. Christie's role is to be the one candidate who can unite the Tea Party and Republican establishment; Huckabee never played the role.

Romney +2% -- Though Romney is not interested in Iowa or South Carolina as much, Huckabee's absence lessens the possibility that the same person will with both states. This makes a New Hampshire strategy a bit more viable. There's little overlap between the Romney and Huckabee constituencies, but without Huckabee in the race, it's easier for Romney to claim the mantle of "next in line." Also, Romney will perform better in the IA and SC polls now, though it may be an illusion based on his name recognition.

Daniels +2% and Pawlenty +3% -- These two candidates were behind Huckabee in Iowa and each have high electability. Neither is objectionable to the Iowa voters and can at least claim to be serious candidates. Arguably, they benefit the most from Huckabee's departure. However, they are fighting over the same oxygen, and the gain is split between them. Pawlenty gets a slight edge because Huckabee's social conservatives may be wary of Daniels' earlier gaffe about a "truce" on social issues (see this earlier post).

Cain +2% -- Though much further down in the polls and perceived electability, Cain benefits because he shares some attributes with Huckabee that might help him pick up the pieces: He's a populist, Southern, rhetorically-gifted outsider who will rely on the debates to create campaign buzz. Without Huckabee above him on the poll list, it will be that much easier for Cain to get invited to the primary debates.

Palin +1% -- Like Huckabee, she is somewhat popular among evangelical Christians and needs to win Iowa. But Huckabee's supporters already had the option of moving over to Team Sarah and had not chosen to do so.

The following candidates do not receive an increase in their chances of winning the nomination:

Gingrich -- He may be fooled into thinking he should spend his resources in Iowa, but the reality is that social conservatives there will not accept him. He will need to rely on a New Hampshire strategy.

Trump -- Trump will also need to rely on a New Hampshire strategy.

Santorum -- In theory he should be able to attract Huckabee's social conservatives, but they will tend to gravitate toward someone with a higher profile.

Paul -- He has his own constituency and is unlikely to broaden it regardless of who drops out of the race.

Saturday, May 14, 2011

Huckageddon: Huckabee Announces He Will Not Run

Huckabee
Mike Huckabee announced today that he will not seek the presidency. The announcement may be taken as genuine, for the reasons described in previous posts.

Huckabee's announcement will have an immediate impact on the race. Most candidates decline to run because they know they have no chance of winning the nomination. Huckabee, on the other hand, had a clear path to victory through Iowa and South Carolina, where he was leading in the polls. Huckabee's departure will leave a vacuum that other candidates will race to fill, radically altering the shape of the race. The 2012 Republican primary will be quite different without Huckabee.

His decision does not affect all candidates equally. Elephant Watcher will recalculate the odds and issue a thorough explanation of the changes later. Generally speaking, candidates who rely on a victory in Iowa will benefit more than those relying on New Hampshire. Candidates with a higher chance of winning will tend to benefit more than obscure ones, since most voters gravitate toward prominent candidates.

Given Huckabee's strong position in the race, many political commentators will speculate about his reasons for not running. Huckabee's contract with Fox News gives him a financial incentive not to run, though one wonders why he did not spend the next few months continuing to milk the speculation about his intentions. Besides, a strong presidential run would only enhance Huckabee's stature and ability to earn money through paid speeches, books, etc.

It's quite common for family members to discourage candidates from running. In 1996, Colin Powell wanted to run for president, but his wife was adamantly opposed, fearing he would be assassinated as Martin Luther King, Jr. was. Scandals can also play a role, as in 2008, when Al Gore's infidelity prevented him from making a run. Of course, some candidates run regardless of scandals, as both Hillary Clinton and John Edwards did in 2008. In Huckabee's case, there is no indication that scandals are a factor.

During his announcement during his TV show, Huckabee said that his family was fully supportive of him making a run, and the polls were in his favor. Huckabee said that his decision not to run came during spiritual deliberations that he cannot fully explain.

Unless Huckabee can elaborate further, his motives will remain a mystery. In any case, the 2012 Republican primary field has begun to take shape. Over the next few weeks, it's likely several other potential candidates will make official announcements. The fact that Huckabee is out may make others more inclined to run.

Who is Jon Huntsman? Intrade Revisited

In two previous posts, we examined Intrade, the "investment" site where people can place bets on political events. As we saw, Intrade is not very good at predicting election outcomes long in advance, but is a good indicator of the conventional wisdom according to the Washington establishment (particularly liberals). From time to time, we will revisit Intrade to see what its investors think about the Republican primary. Intrade's page on the Republican primary may be found here.

Several of the leading candidates are in the same position as they were the last time we checked Intrade. Romney remains in the lead with 25%, Pawlenty is second with 16.5%, and Daniels has 11.7%.

There are some interesting changes, too. Jon Huntsman, Jr. has risen from nowhere up to 12%, putting him in third place. One might be tempted to ask, "Who is Jon Huntsman, and what did he do lately?" Huntsman is the former governor of Utah and was, until recently, the U.S. Ambassador to China under Obama. Huntsman is not even included in the Elephant Watcher roster of candidates. If and when he forms a presidential exploratory committee or announces a run, he will be promptly analyzed and ranked by Elephant Watcher.

There are two potential explanations for Huntsman's sudden appearance. First, the Washington establishment has become aware that Huntsman is definitely planning a run for the presidency. But why is he ranked so high, when he never appears in the polls? Huntsman has not yet received a full assessment by Elephant Watcher; for now it is enough to say that he faces an uphill battle to win the nomination. The answer is simple: Huntsman has the approval of the Washington establishment. Some of his more moderate-to-liberal positions may also appeal to the Intrade investors, who tend to be more liberal.

The second potential explanation is that some of Huntsman's supporters may be placing bets on Huntsman to manipulate the market for publicity's sake. It is an unconventional approach, but it is not unheard of: The volume of trading is low enough that a candidate (or his fans) could bump up his numbers if so inclined.

Trump's numbers on Intrade, unsurprisingly, have crashed. He was at 8.5% and is now down below 4%. All of the recent bad news has taken its toll on Trump.

Meanwhile, Cain's appearance at the May 5th primary debate earned him some attention. He is still at only 3.9%, but he was at close to 0% before the debate.

As for Huckabee, his numbers have cratered. Intrade gives him 3%, down from his high of nearly 10%. This crash took place shortly after the news broke that Huckabee would announce his decision whether to run. Conventional wisdom rules Intrade: Obviously most investors took the news as a sign Huckabee is not running.

Friday, May 13, 2011

Romney Speech Reveals Flawed Strategy for Dealing with Romneycare

Romney
 NOTE: This article was originally posted Thursday, May 12th.

Romney gave what he touted as a "major speech" today addressing how he would tackle healthcare policy as president. The speech was designed to deal with his campaign's main problem: Answering for Romneycare, the healthcare reform he instituted in Massachusetts. But the speech revealed his strategy remains deeply flawed.

Romney has a unique advantage, one the other candidates wish they possessed. He knows exactly what his biggest challenge will be: answering for Romneycare. He knows he will be criticized for it, he knows that it will be ceaselessly compared to Obamacare, and he knows the Republican primary voters will demand an explanation.

Romney has had a few years to formulate a way to deal with the healthcare plan he instituted in Massachusetts. So far, however, Romney has failed to discover the proper strategy. He has a strategy, but it will not work. If Romney fails to win the nomination, it will likely be the result of a failure to correct this mistake.

Elephant Watcher has analyzed the Republican contenders and, based on the candidates' strengths and weaknesses, determined their best strategies for winning the nomination. These strategies are explained in the candidates' Profiles, including Romney's.

Romney's optimal strategy is discussed in some detail in the above-linked Profile. In this post, we will look at Romney's actual--that is, current--strategy for dealing with Romneycare, and how it compares to the strategy he should be taking.

There are three basic components to consider.

First, Romney should explain the motives he had when he created Romneycare. This is necessary because he must convince voters that he had good intentions--fixing a real problem with healthcare coverage and costs--rather than bad ones. Most Republican primary voters believe the purpose of Obamacare was to expand government. Romney needs to make sure voters don't think he was trying to do the same.

On this component, Romney's current strategy matches the proper one reasonably well. Romney does frequently explain what his motives were for trying Romneycare.

The second component to the Romneycare strategy is for Romney to explain what he would do about healthcare as president. This is the easiest part, because Congressional Republicans already laid out alternatives to Obamacare during 2009 and 2010.

On this component, Romney also does well. He promises that as president, he would sign a repeal of Obamacare. And Romney presents Republican-approved ideas as his own plan.

The third component is the most important one: Romney must make a clean break with Romneycare by convincing voters he knows it was a failure, and that he made a big mistake.

This is where Romney's current strategy goes off the rails. In Romney's speech, he said that he would not simply walk away from what he did in Massachusetts. Instead, he suggests that Romneycare really isn't all that bad. He contrasts it with Obamacare (Romneycare was a state plan rather than a federal one), and he says Romneycare has both good and bad aspects. At present, Romney is simply unwilling to cut ties with Romneycare. There are three main reasons why Romney is clinging to Romneycare, and none of them are good:

1. Some say Romneycare has actually been successful in Massachusetts, and Romney does not want to divorce himself from something that worked. The problem is that it's liberals who say Romneycare has worked. They have to say this, because they are so fully invested in defending Obamacare, which is similar to Romneycare. Likewise, Republicans are too heavily invested in opposing Obamacare to believe Romneycare is a success. Romney will never convince Republican primary voters that Romneycare is a good system.

2. Romney does not want to admit to a big mistake, because it would suggest he has bad judgment and would hurt his ego. Politicians find it very difficult to apologize. The irony is that apologies can be very effective in politics. By making a clean break with a mistake early on, it is difficult for opponents to repeatedly resurrect the subject. More importantly, Romney does not have the option of not admitting a mistake here. It may make him look bad, but he has no other choice.

3. Some say Romneycare was the centerpiece of his administration in Massachusetts, and admitting it was a mistake would suggest he did nothing good as governor. This is the worst of the reasons not to cut ties with Romneycare. It is not as if Republican primary voters will give him credit for Romneycare. Moreover, voters are not that concerned with what he did in Massachusetts. They simply want to know that he is a serious candidate. They already believe he is.

In closing, it is fair to say that Romney's handling of the Romneycare issue is still quite weak. His muddling approach leaves Republican primary voters unsatisfied. As a result, the issue will be raised and reraised again and again. The primary season is long; Romney cannot sneak around the issue. Until he definitively says Romneycare is good or bad (the latter, if he wants to win the nomination), he will not be able to get past this issue.

During the May 5th debate, Pawlenty illustrated how best to deal with a mistake: He completely disavowed his former embrace of cap-and-trade.

Candidates can (and frequently do) change their strategies. Elephant Watcher will continue to monitor Romney's statements on Romneycare to detect any change in strategy. If he corrects course, his odds of winning the nomination will improve. Elephant Watcher calculates that Romney presently has a 10% chance of winning the nomination.

Newt Gingrich Officially Announces He Is Running for President

Gingrich
 NOTE: This article was originally posted on Wednesday, May 11th.

The longstanding speculation about Gingrich has come to an end. Today, Gingrich made an official declaration that he will seek the Republican nomination for the presidency. The Campaign Status page has been updated; this is the first time that one of the major contenders has officially declared.

The timing of Gingrich's announcement is somewhat odd. Apparently he did not want to officially enter the race until after last week's debate. Gingrich may see himself as a top-tier candidate who shouldn't engage with second-tier candidates. In fact, Gingrich's poll numbers in the early primaries are quite weak. His only chance of winning the nomination is to deliver an outstanding performance at as many debates as possible.

Gingrich's path to victory remains unclear. The polling data for each early primary state is continually updated on the Primaries page. Gingrich's difficult task is plain to see: Despite his name recognition, he is neither first nor second in any poll in any state.

Some reporting suggests that Gingrich's campaign has focused on Iowa. But Gingrich's history of adultery, combined with several years of playing to the political center/left (e.g. on climate change), makes Iowa a difficult fit for Gingrich. New Hampshire, with its more independent bent, is probably where Gingrich will make his stand. So far, Romney is easily in the lead in that state. The competition will be fierce no matter where Gingrich chooses to play.

Gingrich comes with a lot of political baggage, and at a time when voters are looking for someone new. In an earlier post, we examined a poll showing 39% of Republicans are already opposed to Gingrich. Voters may change their minds about Gingrich, but they will have to see his intellectual capabilities firsthand at the debates. Gingrich needs to take risks and challenge his opponents directly. He will need to be a bit of a "brawler" on his home turf, because he will not win in a more traditional campaign.

There is one bright spot for Gingrich: People will take him more seriously now that he is actually running. For a long time, he had a reputation as someone who enjoyed flirting with the idea but never taking the leap. Now he has a chance to prove himself.

News posts related to Gingrich will have the Gingrich "tag". For detailed assessment of Gingrich's strengths, weaknesses, and strategy, view his Profile. Elephant Watcher calculates Gingrich has a 3% chance of winning the nomination.

Huckabee Set to Announce He's Not Running for President?

Huckabee
The executive producer of Huckabee's TV show released a statement claiming Huckabee will announce on tomorrow's show whether he's running for president. A New York Times article concerning the statement may be found here.

Summary: The announcement is a strong sign that Huckabee will not be running. Huckabee's aides are not aware of his decision; if he were to announce that he is running, he probably would have told his aides first. Moreover, there are complicated legal issues that would arise if Huckabee used his show to announce that he's running. By contrast, there's nothing wrong with using the show to say he's decided not to run.

Analysis: In an earlier post, we saw how a candidate may convincingly decline to run. An announcement of this nature would suffice. After all, the announcement is entirely voluntary, not prompted by an interviewer's question. In the post, we observed that if Huckabee announces he's not running, then he's not running.

If Huckabee declines to run, it will send a tremendous shockwave through the Republican field. Huckabee has been polling well, not just in national primary polls, but also in Iowa and South Carolina polls. Every candidate who has won both Iowa and South Carolina has won the Republican nomination. Huckabee nearly did it last time, and is in a good position to succeed this time.

Huckabee's departure would open the race considerably in Iowa and South Carolina. It might also increase the odds that the winner of New Hampshire could win in South Carolina--or at least, that the winners of Iowa and South Carolina would be different candidates.

Ron Paul Officially Enters the Race

Paul
Ron Paul declared his candidacy earlier today. Paul's decision to enter the race comes as a surprise to no one; he had already formed a presidential exploratory committee and participated in the first primary debate on May 5th.

Paul is only the second candidate on the Elephant Watcher roster to officially declare his candidacy. The first, Gingrich, declared two days ago. Gingrich and Paul may be the early birds, or it could be a sign that we are approaching the second phase of the primary season. You may follow the official status of all the candidates on the Campaign Status page.

Paul has no clear path to the nomination, as he does not poll well in any state. The fact that Paul has virtually no chance of winning does not make him unique. What sets him apart from the other candidates is that he does not seem to care much about winning. Nor is he attempting to play the "spoiler." Paul simply wants to promote his libertarian views to a wider audience.

Even Paul's critics give him credit for one thing: He speaks his mind, and he is consistent. This is one beneficial consequence of not caring whether you win the race: You can tell the truth as you see it. Paul does not need to pander to anyone.

Paul uses the primary debates as his main platform. Though Paul does not poll well enough to stand a chance at winning, he should poll well enough to earn an invitation to every debate until the field narrows. As long as the debate sponsors want to include candidates like Cain, they will need to include Paul. And no one loves the debates more than Paul, where his fans often sit in the audience and cheer wildly at everything he says.

When he ran in 2008, Paul was the target of much hostility for his criticism of American foreign policy. When other candidates wanted to get some applause, there was usually an opportunity for them to attack Paul. This time, he will have a more sympathetic audience, since more Republicans are questioning the military's continued presence in Iraq and Afghanistan (and Obama's new "kinetic action" in Libya). However, Paul recently suggested he would not have ordered the killing of Bin Laden, so he will remain a punching bag for other candidates.

News posts related to Paul will have the Paul "tag". For detailed assessment of Paul's strengths, weaknesses, and strategy, view his Profile. Elephant Watcher calculates Paul has a 0% chance of winning the nomination.

Tuesday, May 10, 2011

Mitch Daniels Signs Law Defunding Planned Parenthood, Seeks Truce with Social Conservatives

Daniels
As governor of Indiana, Daniels signed a state law that will end state-directed funding for businesses that perform abortions. Needless to say, Planned Parenthood--the long-time nemesis of the pro-life movement in America--falls into that category. Daniels' decision has political implications should he decide to run for president: Social conservatives, especially in Iowa, are overwhelmingly pro-life and anti-Planned Parenthood.

Daniels has another reason to court social conservatives: In 2010, he made a controversial statement about Republicans needing to "call a truce on social issues" and focus on economic matters. For many social conservatives, this raised a red flag.

Though Daniels made the remark a year ago, it hasn't been forgotten. Daniels did not participate in the May 5th debate, but that didn't stop the moderators from asking a question about it. (Santorum was given the question, and he took the opportunity to make an impassioned attack against the idea of such a "truce.")

For unknown candidates like Daniels, the media usually latch onto one or two details and repeat them over and over. This influences the reporting, political commentators' commentary, and even the questions a candidate receives at a debate. A good example of this is how the media treated Mike Huckabee during the 2008 campaign: Because he had been a Baptist preacher (years before he was the two-term governor of Arkansas), he received endless debate questions about religion. One can already see the two bullet points being written about some of the present candidates: Cain is black and used to run Godfather's Pizza, Santorum is a social conservative, Pawlenty is boring, etc.

Another reason Daniels' suggestion of a "truce" will harm him is that Republican primary voters are concerned--perhaps to the point of paranoia--about a "fake" conservative ("RINO") winning the nomination. For the social conservatives in Iowa, a Republican who doesn't seem to care about social issues would fairly be classified as a RINO.

As observed in Daniels' Profile and the Rankings page, Daniels' path to victory is through Iowa, after being selected as a "consensus candidate." Daniels is unlikely to win by being the most exciting or inspiring candidate; his best chance is to avoid being unacceptable to any faction of the Party. Daniels cannot afford to alienate anyone, especially not in Iowa.

Daniels has made an important step toward placating social conservatives. Daniels will also benefit from free (and badly needed) publicity if the news media do a lot of reporting on the anti-abortion legislation. This will not be the last time he is called to account for the "truce" gaffe, but it seems Daniels is on the right strategic track. Elephant Watcher calculates Daniels has a 5% chance of winning the nomination.