Romney charges that Obama has "failed America"
STRATHAM., New Hampshire (Reuters) – Mitt Romney, the multimillionaire former governor of Massachusetts, will kick off his second bid for the White House on Thursday with a hard-hitting economic message charging that “Barack Obama has failed America.”
The Republican front-runner so far, Romney starts his campaign in New Hampshire, the early-voting state where a win in February’s primary election is crucial to his chance of winning the party nomination to face President Barack Obama in the November 2012 election.
In a speech on Thursday, Romney will blame “the Obama economy” for the job losses and home foreclosures that have plagued Americans during the Democratic president’s first term.
With unemployment high and the housing market still soft, the economy is Obama’s main weakness, although polls say the president is still favored over all potential Republican opponents.
Americans are also concerned about federal spending, the mounting national debt and a budget deficit projected to reach $1.4 trillion this year.
“Government under President Obama has grown to consume almost 40 percent of our economy. We are only inches away from ceasing to be a free-market economy,” Romney will say in his speech, according to excerpts released by his campaign.
Romney, who lost the Republican nomination to John McCain in the 2008 race, has a slimmer campaign team this time around. The former head of venture capital firm Bain Capital, Romney has a powerful campaign finance apparatus in place.
He raised an astounding $10.25 million in an eight-hour phone-a-thon in Las Vegas last month.
Romney’s biggest stumbling block could be his support as governor for a Massachusetts healthcare program that became a model for Obama’s national healthcare overhaul. Many Republicans detest what they derisively call “Obamacare.”
There are also doubts about whether Romney is conservative enough for the current Republican Party. With Tea Party movement activists on the rise, the party has shifted to the right since the 2008 campaign.
“In a relatively open field, Mitt Romney at this juncture is the front-runner from an organizational and fund-raising standpoint,” said Republican strategist Ford O’Connell.
The fight for the Republican nomination has been slow going and a number of party heavyweights have stayed out of the race.
PALIN IN THE SHADOWS
But Republican media star Sarah Palin, the former Alaska governor and 2008 vice presidential nominee, has been creeping up behind Romney in some polls. She is expected in New Hampshire later on Thursday as part of a bus tour that has fanned speculation she could soon announce her own White House bid.
Other Republican hopefuls like Newt Gingrich and Tim Pawlenty trail Romney in the polls.
Romney’s Mormon faith also might be a hindrance to winning votes from evangelical Christians in the south.
The tag of flip-flopper haunts Romney after he shifted positions on issues such as abortion, gay rights and gun control to position himself for the Republican nomination in 2008, having governed more from the center in Massachusetts.
By all reckoning, Romney should win the primary in New Hampshire, where he is ahead in the polls and has a natural advantage as ex-governor of a state next door.
“He’s going to be hard to beat but you can mortally wound him by beating him in New Hampshire. If you beat him in New Hampshire the narrative for his candidacy falls apart,” said Republican strategist Matt Mackowiak.
Romney has been expected to struggle in more conservative states like Iowa and South Carolina but a new Public Policy Polling survey in Iowa shows him leading there too.
Romney’s personal style has also been tweaked. After being criticized for his overly formal, CEO-type look in 2008, Romney has gone business-casual, often appearing tie-less in open-necked shirts and crisply pressed jeans.
“A lot more people like this Romney more than the 2008 Romney,” O’Connell said. “But he has to demonstrate himself to be a fiscal conservative.”
(Additional reporting by Steve Holland and David Morgan in Washington; editing by Mohammad Zargham)
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