Republican presidential candidate and former U.S. Senator Rick Santorum speaks at his Iowa Caucus night rally in Johnston, Iowa, January 3, 2012. REUTERS/John Gress (UNITED STATES – Tags: POLITICS ELECTIONS)
With his surprise showing in Iowa, Rick Santorum has become the new hope of the conservative movement, or at least some in the conservative movement. Santorum has been getting pummeled at conservative sites like RedState.com for his past support for pork barrel spending and other big spending programs during the Bush years when the GOP abandoned nearly everything they claimed to stand for regarding the size of government. Santorum has not joined the anti-earmark bandwagon pushed by the Tea Party, and Erick Erickson keeps hammering him for that.
At least one prominent conservative, however, is offering support to Santorum – George Will. Will offers up a column defending Santorum’s record, so let’s see if that changes the minds of some Tea Party members who are skeptical of Santorum.
Ann Romney (L) introduces her husband, Republican presidential candidate and former Massachusetts Governor Mitt Romney, at a campaign stop in Bethlehem, New Hampshire December 22, 2011. REUTERS/Brian Snyder (UNITED STATES – Tags: POLITICS)
Romney’s campaign team has clearly decided that the political risk of releasing the returns outweighs the potential problems of not doing so. No one knows for sure what the documents would say, but by the candidate’s own admission, the bulk of Romney’s retirement income from Bain has been from capital gains, which are subject to 15% tax rate.
That means that for the past 10 years, Romney has likely been paying a lower tax rate than most middle class voters. If this is the case, that information could be devastating to Romney’s presidential bid.
The issue of tax fairness is huge right now, and Romney might become the poster-child for that problem. Warren Buffet has famously come out strong on this, saying that it’s not fair that he pays a lower effective tax rate on his income than his secretary.
I think this is a huge problem for Romney. If he makes it to the general election, the Obama campaign and the Democratic PACs are going to hammer him on not releasing his tax returns. If that issue catches fire and he ultimately releases them, then the story is huge.
But it’s huge regardless of when he releases them. He might want to just get it out of the way and have a response ready.
Newt Gingrich’s campaign is rapidly imploding, and Ron Paul has now taken the lead in Iowa. He’s at 23% to 20% for Mitt Romney, 14% for Gingrich, 10% each for Rick Santorum, Michele Bachmann, and Rick Perry, 4% for Jon Huntsman, and 2% for Gary Johnson.
Gingrich won’t even spend time in Iowa, so I can’t imagine how he’s going to hold on against candidates who are betting their campaigns on the caucuses.
If this trend continues, you’ll see Santorum, Perry or Bachmann possibly get into the top three, so this race is still very fluid. Romney benefits from having the anti-Romney vote split up. The Iowa vote often breaks late, so anything can happen here.
Newt Gingrich loves to accuse his political opponents of being “radical,” and yet he tosses around radical statements on a regular basis. His latest comments on judges even have conservatives howling.
Now he’s talking about using the capital police or U.S. Marshals to arrest judges that he deems to be out of line. Here’s a statement to FOX News from Michael Mukasey, a former U.S. Attorney General under George W. Bush, who said Gingrich’s comment were “dangerous, ridiculous, totally irresponsible, outrageous, off-the-wall and would reduce the entire judicial system to a spectacle.”
The man is a complete buffoon, and it’s easy to see why the conservative establishment is horrified at the thought of this clown becoming the nominee.