Money Isn't Everything...
Thursday, January 26, 2012 at 10:13AM BY DISH CONTRIBUTOR: Mark Yzaguirre
It's been awhile since I've posted a piece about Governor Rick Perry's presidential campaign here at DISH-Houston and needless to say, things didn't go quite as well as Perry and his supporters hoped. There is no shortage of commentary and postmortems already out there regarding Perry's ill-fated campaign and rather than provide another big-picture discussion of how things went wrong, I want to focus on one issue: Perry's vaunted Texas money machine and how it didn't save him.
This topic is of particular interest to me because I wrote about it as a strength of Perry's. Perry had unique access to wealthy Texas Republican donors and this was seen as something that Perry could capitalize on. Maybe that was always a mirage. As Timothy Noah in The New Republic states:
Perry's unsuccessful campaign is therefore a timely lesson that while money counts for an awful lot in politics, it can't do everything. This is a lesson we don't see illustrated very often. But when we do, it always seems to emanate--is this my imagination?--from the Lone Star State...Perhaps what we're seeing in these four instances is some political equivalent to what social scientists surveying the global economy call the "paradox of plenty." This is the observed phenomenon wherein countries rich in natural resources (diamonds, gold, and most especially oil) tend to experience less economic growth than countries that are much poorer in such resources. Texas does just fine when it comes to economic growth, but Texas politicians who run for president may perhaps rely too heavily on their state's abundance of rich campaign donors.
Noah may be on to something here. While it's great to come from a state that has its own independent sources of economic strength and its own wealth networks, that may cut against someone trying to run for national office.
It might be that Texas politicians have become so used to fundraising in Texas, a state with its own unique culture, that the habits and lessons learned on the campaign trail in Texas may become handicaps when one tries to run for office nationally. This cultural uniqueness may particularly manifest itself in fundraising here in Texas because our rich folks aren't like rich folks in other parts of the country. This isn't a criticism of wealthy Texans. Speaking personally, there are few things more enjoyable than having cocktails at the Petroleum Club of Houston and listening to an independent oilman tell a few tales. But the lessons one gathers while fundraising in Texas may not travel well and may lead to false assumptions about how this financial base can act as a backbone for national campaigning.
I realize one can immediately cite the success of George H.W. Bush and George W. Bush to counter this thesis, but as the Noah article points out, the Bushes are not a Texas-specific family. Prescott Bush (father of George H.W. Bush) was a Senator from Connecticut and the Bushes are really a national political family, not a local one that has moved on to national politics.
The Texas fundraising base is a strong one and should not be underestimated. It should not be overestimated either and being very successful in fundraising in Texas may actually create problems elsewhere. This is a chastening possibility that Texas politicians must face. For that matter, Texas political pundits (amateur and professional) must face that possibility as well.
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