A Political Math Problem

“The after-battle assessments in the major newspapers and newsweeklies generally agreed on the big picture: the campaign was not prepared for a lengthy fight; it had an insufficient delegate operation; it squandered vast sums of money; and the candidate herself evinced a paralyzing schizophrenia — one day a shots-’n’-beers brawler, the next a Hallmark Channel mom.”
— Joshua Green, “The Front-Runner’s Fall,” The Atlantic, September 2008

“In a meeting room at the Palazzo hotel [in Las Vegas] over the past week, Newt Gingrich mapped out a detailed strategy that would keep him in the presidential race all the way to the Republican convention in August.
“The crux of the former House speaker’s new plan is math: a complex analysis of each state’s delegates, how they’re awarded and how many, reasonably, Gingrich can expect to win.”

— Amy Gardner, “Newt Gingrich campaign offers detailed plan to carry on,” Washington Post, Feb. 5, 2002

As soon as I read the article about Newt Gingrich’s weeklong Vegas strategy sessions, my mind clicked back to Josh Green’s fascinating article about Hillary Clinton’s doomstruck 2008 campaign. How had such an overwhelming front-runner, with so many built-in advantages over her rivals, managed to fumble away the nomination? Green’s article describes the basic error in about 170 words, summarizing the strategic assumptions contained in a March 2007 campaign memo written by Clinton adviser Harold Ickes:

Ickes believed that Iowa and New Hampshire could determine Clinton’s fate, and that the February 5 Super Tuesday primaries would determine the nominee. No mention was made of the delegates or the later-caucus states that actually figured so decisively.
Ickes seemed attuned to the asymmetric risk that accompanies overwhelming front-runner status: the collapse of momentum that would accompany an unexpected loss. He posited that Edwards and Obama could sustain losing Iowa and New Hampshire but worried that Clinton could not; he urged that she spend “substantial” time in Iowa; and he recommended a contingency plan that would haunt the campaign when his own budget team didn’t fulfill it. Noting the difficulty of raising more than $75 million before Iowa, Ickes stressed the need to maintain a $25 million reserve, presumably as insurance against a setback. The campaign wound up raising more than $100 million—but, according to The New York Times, by the time Iowa was lost, $106 million had been spent. The $25 million reserve had vanished, and the campaign was effectively insolvent.

This was a stunning revelation: The Clinton campaign burned through more than $100 million before it ever got to New Hampshire, didn’t think in terms of delegate counts, and did not bother to plan beyond the Super Tuesday primaries.

There are obvious parallels to the Gingrich campaign, on a smaller scale. Consider the matter of money: Gingrich spent more than $10 million before the end of 2011, entering 2012 with about $2 million cash on hand. By comparison, Mitt Romney spent about $36 million by the end of last year, entering 2012 with about $20 million cash on hand.

Yet the winner of the Iowa caucuses was neither Romney nor Gingrich, but rather Rick Santorum, who spent less than $2 million and had less than $300,000 cash on hand to begin 2012.

And it was not until last week — after the Florida primary — that Gingrich’s campaign staff sat down and calculated the remaining campaign schedule in terms of delegate counts.

There are obvious differences between the Democratic race in 2008 and the Republican campaign in 2012, of course: Going into 2008, the Democrats were fired up, having taken back Congress in 2006, and eager to recapture the White House they’d narrowly lost in 2000. John Edwards, John Kerry’s 2004 running mate, was a contender who’d spent four years building his campaign, especially in Iowa. And none of the GOP 2012 candidates, not even Romney, have the kind of fund-raising resources that enabled Hillary to raise $100 million in 2007.

Another glaring difference: The three-candidate race between Clinton, Edwards and Barack Obama that defined the early campaign for Democrats in 2007-08 was fairly stable. In 2011-2012, the “flavor of the month” cycles in the GOP campaign saw five major candidates flame out before the third contest of the race, the Jan. 21 primary in South Carolina. Here is a helpful chart:

Candidate ……. Money Raised (12/31/11) … Quit
Tim Pawlenty ………….. $5.1 million …………….. Aug. 14
Herman Cain ………… $16.8 million ……………… Dec. 3
Michelle Bachmann … $9.2 million ……………… Jan. 4
Jon Huntsman ……….. $5.9 million …………….. Jan. 16
Rick Perry ……………… $19.8 million ……………. Jan. 19

(Source: Center for Responsive Politics)

Between them, these five candidates raised a total of $56.8 million, a sum greater than Romney’s $56.4 million, yet two — Pawlenty and Cain — quit before any votes were cast, and three more quit in a 15-day span between the Jan. 3 Iowa caucuses and the South Carolina primary. Both Cain and Perry have given Gingrich their endorsements, but he would surely rather have the $36.6 million that their campaigns raised (and mostly spent) in 2011.

It is remarkable that Santorum’s low-budget campaign out-performed all five of the candidates who quit before South Carolina, each of whom raised at least twice his 2011 total. It is furthermore remarkable that Gingrich, despite his vast fundraising advantage over Santorum, is trailing Santorum in polls of both Colorado and Minnesota, which hold caucuses Tuesday.

And yet, as Amy Gardner points out in her Washington Post article, the Gingrich campaign’s need for more money is now so desperate that the candidate’s time is being spent on fundraising efforts: “Gingrich . . . barely appeared in public during nearly a full week in Las Vegas to concentrate on raising money.”

More alarming than that, however, is the revelation that after just five contests — Iowa, New Hampshire, South Carolina, Florida and Nevada — Gingrich is already at such a disadvantage in terms of delegate count that even by his own estimate, he cannot hope to regain the lead before the Texas primary scheduled for April 3: “Our commitment is to find a series of victories which, by the end of the Texas primary, will leave us at parity with Governor Romney. And by that point forward, we’ll see if we can’t actually win the nomination.”

“We’ll see”?

Newt is dialing-for-dollars, trying to raise money to continue his campaign on the basis of “we’ll see”? And in point of fact, a pending lawsuit over re-districting means that the Texas primary is likely to be delayed well past the scheduled April 3 date.

The Gingrich campaign is faced with a math problem involving not merely delegate counts, but also time and money. An apparently high “burn rate” of funds means that Gingrich must raise large sums merely to keep his campaign going, and he must keep going for at least two months if he hopes to catch up with Romney, a hope contingent on his successes in the meantime.

The math problem is even tougher for Santorum — who got the bad news today that he failed to qualify for the ballot in Indiana’s May primary — but Santorum’s low-budget underdog campaign has a far lower “burn rate” compared to Gingrich, and can more plausibly maintain a “we’ll see” approach. Between now and Super Tuesday on March 6, the calendar looks like this:

Feb. 7
Colorado (caucus) ……………………. 36 delegates
Minnesota (caucus) ………………….. 40 delegates
Missouri (non-binding primary) … 0 delegates

Feb. 11
Maine (caucus) …………………………. 24 delegates

Feb. 22 — Arizona Debate (CNN)

Feb. 28
Arizona (primary) ……………………… 29 delegates
Michigan (primary) …………………… 30 delegates

March 1 — Georgia Debate (CNN)

March 3
Washington (caucus) …………………. 43 delegates

So there will be 202 delegates awarded before Super Tuesday, 100 of which will be awarded before the next debate on Feb. 22. It is possible that the debates could dramatically alter the race, shifting the momentum against Romney. But unless that happens, it’s difficult to see Gingrich winning any of those states, so that Romney’s advantage is likely to increase between now and Super Tuesday, when the primaries in Georgia, Tennessee and Oklahoma represent likely or possibly wins. Yet other states on the Super Tuesday calendar, including Massachusetts, Vermont and Virginia, look to be big wins for Romney, and it’s entirely possible that Romney will win more of the total 437 delegates at stake on March 6, increasing his margin still further.

By the morning of March 7, then, Gingrich could very well be in a worse position than he is now. And while unexpected developments in the next 30 days could shift the momentum against Romney, as of today, Gingrich is facing a very difficult political math problem.

FreedomWorks Conference Call On H.R. 3551 With Rep. Jeff Landry

by Smitty

Freedom Works sponsored a conference call with Rep. Jeff Landry (R-LA) on H.R. 3551, a bill that would create an opt-in measure for the Payroll Tax Holiday. Landry is Iraq veteran, and a former Army Sergeant. A genuine Tea Party representative.

HR 3551 Summary:
12/2/2011–Introduced.
Social Security Preservation through Individual Choice Enhancement Act – Amends the Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010 to allow individual taxpayers an election to claim the 2% reduction in employment taxes under such Act in any calendar year beginning in or after 2012. Amends title II (Old-Age, Survivors, and Disability Insurance Benefits) of the Social Security Act to increase the applicable social security retirement age by one month for each calendar year that a taxpayer elects a reduction in employment taxes under this Act.

The payroll tax holiday:
Bad policy, good politics. $120 billion/year out of Social Security. Landry noted that the Federal government has created programs such that people can’t understand them. The SSPICE was quantified by the Social Security actuary, not Landry.

Balanced budget amendment:
During the debt ceiling fight last year, he and about 15 others pushed a balanced budget amendment during the budget ceiling fight. So the will of the people does matter.

What is the next big thing this year?
The payroll tax holiday, the budget. Senator Reid remains a chokepoint.

They used my question: ‘Does John Boehner have a strategy, and could you help him articulate what that is?’
Landry reports that he is kept in the dark. He likened Congress to a baby: “When the toddler is silent, you know they are up to no good.”

Props to FreedomWorks for hosting this call. This is precisely what we need more of in this country: concise, substantive discussion of issues. Request you link, Tweet, and call your Congresscritter with instructions to co-sign.

This silly Landry guy: doesn’t he understand that Washington DC redistributes wealth, not power.

‘I Just F–king Killed Someone’

Alyssa Bustamante was a 15-year-old high-school sophomore in October 2009 when she wrote this entry in her journal:

“I just f—— killed someone. I strangled them and slit their throat and stabbed them now they’re dead. I don’t know how to feel atm. It was ahmazing. As soon as you get over the ‘ohmygawd I can’t do this’ feeling, it’s pretty enjoyable. I’m kinda nervous and shaky though right now. Kay, I gotta go to church now…lol.”

The victim, Elizabeth Olten, was 9 years old. The journal entry was read aloud in court today at Bustamante’s sentencing hearing.

Presidential Paternity

If you want your son to grow up to be president, either:

A. Establish a powerful political dynasty; or
B. Abandon your kid’s teenage mother and die drunk.

That’s what Michael Medved explains in the Wall Street Journal today. The odds are against any of my kids making it to the White House, obviously. My idiot cousin’s 2008 defeat spoiled the “dynasty” motif and I’m probably too old to seduce and abandon any teenagers now. But maybe I can still try for the “die drunk” part, huh?

Geriatric Halftime Show

‘Gaze upon my cosmic crotch in awe, earthlings!’

Let me be clear: I never cared much for Madonna’s épater le bourgeois act when she was still considered the hottest thing in show business, dating Sean Penn and making headlines with her various “what-will-she-do-next” stunts. Judged strictly as a musical act, I thought she peaked with her first album — “Lucky Star” had a nice dance beat and a catchy chorus — and after that, she became obsessed with the idea that she was a daring avant-garde figure, a historic personality pushing the envelope with each new MTV video.

There was a vast publicity machine dedicated to promoting Madonna’s delusions of artistic grandeur, but I never bought into the hype.

Music should be about music. Madonna became all about image, and her image-mongering finally jumped the shark in 1992 when she published Sex, a book featuring “artsy” nude photos of her, timed to coincide with the release of her Erotica album.

The album sucked, and the book . . . meh.

She just wasn’t that hot. So if most American were already bored with Madonna 20 years ago, why would we want to watch her prancing around and lip-synching her old songs at age 53? Were the producers of the Super Bowl just trying to prove that the NFL — which has previously featured other geezer acts like the Rolling Stones in their halftime shows — isn’t guilty of sexist age discrimination?

What next for the Super Bowl? Irene Cara singing “Flashdance”? A halftime reunion show for Kajagoogoo or Culture Club, with maybe a guest appearance by Adam Ant singing a duet with Boy George?

The ridiculous pageantry of Madonna’s show Sunday, with a cast of thousands and a budget bigger than any Cecil B. DeMille spectacular from the Golden Age of Hollywood, inspired me to scoff on Twitter, “Madonna needs to be careful. At her age, if she falls down, she could break a hip.” What I didn’t realize when I made that wisecrack was that she nearly did exactly that:

It’s one thing to bring back Golden Oldies acts for a nostalgia trip. But Madonna the Menopausal Sex Goddess, writhing around as if she were still the same 24-year-old whose bellybutton-baring midriff tops inspired a teenage fashion fad? The precedent is disturbing.

Fifteen or 20 years from now, my grandkids might be watching the Super Bowl halftime show and asking, “Grandpa, who’s that fat blonde lady in the funny-looking costume?”

Her name is Britney Spears.

“Grandpa, why is she wearing a plaid schoolgirl skirt and knee socks?”

Uh, well, you see, back in the day . . .

“Oh, gross! Did you see that, Grandpa? She flashed her panties!”

Yup. Same old Britney . . .

P.S.: Just in case you were tempted to feel sorry for Patriots quarterback Tom Brady, who lost a 21-17 heartbreaker to the Giants, remember that he went home with supermodel Gisele Bundchen. Loser? I don’t think so.

Economist Dean Baker Defends Central Banking, If Not The Federal Reserve

by Smitty

Thie is Dean Baker on 03 February at Empire Unplugged. From Wikipedia:

Dean Baker (b. July 13, 1958) is an American macroeconomist and co-founder of the Center for Economic and Policy Research, with Mark Weisbrot. He previously was a senior economist at the Economic Policy Institute and an assistant professor of economics at Bucknell University. He has a Ph.D. in economics from the University of Michigan.

Baker comes out as a proponent of central banking in general, though not necessarily a cheerleader for the Federal Reserve in its present state.
As this is purely audio in nature, I’ll save the vertical space and offer the segments as a block of four:

While I think Baker has done an admirable job defending the idea of central banking, the bigger question is, whether, $15.3 trillion later, that dog hunted, that hog punted, and that wog bunted. Baker’s argument that growth was swell when Happy Days was the “reality” of the U.S. situation may not hold water. What the prosperity then comes at the expense of our dot com bubble, housing bubble, and higher ed bubble?
Baker at least agrees that greater transparency is needed. I’m not sure I concur that Bernanke should be so thoroughly scapegoated. The Federal Reserve is not the fire department, only coming out on an acute basis for specific problems. It is more like air traffic controllers, managing continuous traffic flow. Inflating the currency is like putting more and more planes in the air, and hoping that they don’t try to land several at once, killing not only those onboard the flights, but everyone else in the pattern that can’t get elsewhere.
Whatever our political policy becomes, if we are not balancing the budget and making continual reductions on the debt, we are doomed.
I regret that I may not have time to get Jeffrey Tucker’s response processed and posted.

Gingrich’s Glass Jaw

“Mitt Romney won Saturday’s Nevada caucuses with his highest portion of a state’s vote yet, just over 50%, according to certified results released Monday by the Nevada Republican Party.”
— CNN

Remember this headline from Dec. 15?

Billionaire Prepared to Spend $20 Million
on My Blog Newt Gingrich’s Campaign

That was the report that Vegas mogul Sheldon Adelson had pledged his wealth in support of Newt’s “Winning Our Future” super-PAC. However, the New York Times had another headline Saturday:

Gingrich Patron Could Have a Plan B: Romney

Adelson would be perfectly willing to support Romney as the GOP nominee, and that story also explained that some of Romney’s supporters have reached out to Adelson, urging him to pull the plug on Gingrich’s campaign. This exposes Newt’s glaring weakness: With his campaign’s viability so dependent on the super-PAC largesse of a single donor, if Adelson sneezes, Gingrich gets the flu.

Now, let me remind you of what I wrote Friday:

Newt’s current “frontrunner” status is far more fragile than it looks.
Newt’s campaign can only survive a few more humiliating defeats before it implodes from the enormous weight of its utter implausibility. Whereas by contrast, Santorum has always been a long shot. Santorum’s expectations are lower, and he is therefore able to “succeed” with results that would be a bitter disappointment to the supporters of a big-budget frontrunner like Newt.
Gingrich will get stomped Saturday in Nevada. A few weeks from now, when Gingrich’s supporters have seen their man defeated over and over, without a significant win since South Carolina, Newt will quit and endorse Romney.

CBS has a report on the billionaires who have given to super-PACs, and Adelson is the only one backing Newt. Given the hints from Adelson, isn’t is now obvious why Gingrich will ultimately endorse Romney? Newt wouldn’t dare double-cross the patron whose multimillion-dollar donation was the only reason Gingrich wasn’t forced to quit after his fourth-place finish in Iowa and his fifth-place finish in New Hampshire.

So, how long until Newt quits? During his bizarre Saturday night Vegas tantrum, Gingrich predicted “he would emerge as the GOP front-runner again by the Texas primary,” currently scheduled for April 3.

This was evidently an attempt by Newt to push his make-or-break point past Super Tuesday, March 6. And of course, he vowed to take the fight all the way to the August convention in Tampa.

But has Sheldon Adelson signed off on that plan? Or, as I strongly suspect, is Adelson’s multimillion-dollar commitment to the Gingrich campaign likely to end — and his financial support shift to Romney — on or before the morning of March 7? The possibility that Newt might not even make it to Super Tuesday is reflected in this headline:

Tea party leader implores Newt
to get his act together

Will Gingrich and his supporters denounce Judson Philips of Tea Party Nation as part of the “GOP Establishment” and the “elite media”?

No one can say that about Professor Glenn Reynolds, who seems to be supporting someone named “Zeeba.”