I still think Romney has the nomination wrapped up, so there.
Turns out he finished second instead of first in the opening phase of the Iowa caucus, and the revision of this media event became public on January 19. That same terrible, horrible, no good very bad Romney day, ABC News and CNN debate moderator John King botched their presentation of the news tidbit that Newt Gingrich's second wife claims he asked her for an "open marriage." Because the networks did not tell their audiences how they proceeded in getting this story and why they released it two days before the South Carolina primary, and because they did not explain what made it a public issue --they did not have to explain, obviously, why so many of us found it so tasty-- Gingrich was given the perfect opportunity to reprise his bash-the-liberal-media rant, a regular feature of the GOP debates and his long-running act on the American stage. He delivered, to two standing ovations.
Then King uncorked a question that was as good as the earlier one was bad. But it went to Romney, not Gingrich: Your dad released years of his tax returns when he ran for president, and he explained why that is important. Will you follow suit? Newsworthy, of issue, and tasty: a well-conceived and executed debate question. Romney reeled, emitted a bewildered pathetic "Maybe," and did not come up with the right answer --"Yes"-- until Sunday morning. Too late for South Carolina, and maybe too little to satisfy the public (he's releasing one year's returns, as compared with father George Romney's twelve).
The dramatic day was not the only dynamic behind the South Carolina results. As Molly Ball reminds us, Newt put most of his organizational effort into South Carolina, where he knew he had the best chance of winning. Gingrich understands the George Wallace/Pat Buchanan constituency, and he knew long ago they can dominate primary elections in the South. He won Saturday because of his strategy as well as his mediated performances.
So there's more shouting and negotiating to come along the GOP nomination narrative trail. And significant primary voting to come as well, which I confess I did not anticipate. Romney dominates on message, money, mobilization, and measurement analytics, the four cornerstones of campaigning. How could he lose? Where did I err? Why was my "it's over" pronouncement premature?
One X factor in the race might be the social media, and the lightning speed with which sophisticated information wings across the engaged public. Another might be the equally fast and deep power of independent expenditures, as unleashed by Citizens United via SuperPACs. Nowadays poll numbers swing more frequently and with greater amplitude, in sync with these factors. Insiders react to the polls and the results register in public within hours. These turbulent eddies will continue. As my GSPM colleague Steve Billet said on Friday (before the SC primary results), what's to stop Gingrich angel Sheldon Abelson from dropping, say, $20 million on ads favoring Newt in Florida? Or others from joining him?
Santorum and Paul are still in play, too. Whatever else happens, Gingrich now joins them as eventual negotiators with Romney for subsidiary positions and convention speaking slots.
Despite my underestimation (misunderestimation?) of the impact of these digital cyclones on election results, I'm doubling down on the fundamentals of election campaigns. I think that the new factors add only temporary instabilities to what remains a very stable process. Just as the stock market has been a roller coaster ride that ended up where it started in 2011, so Romney's large campaign advantages should prevail, his flawed public personality notwithstanding. He remains the candidate who first framed the 2012 election in economic terms. He has five years of party networking results in his data bank. He may be the wealthiest and most financially savvy presidential aspirant since George Washington.
I also believe that Romney's biggest challenge lies not in new media, outside money, amplified feedback, and debate drama, but in public relations in the social as well as managerial sense of that term. He is currently undergoing the candidate-voter commitment ritual that many eventual nominees pass through. Bain Capital is Romney's Reverend Wright. Who are you true to, the voters wonder, us or this former lover? Obama managed his commitment crisis with a big speech that put race relations and his personal story in the context of American history. Fortunately for Romney, that is not the only option. But he does have to pass the trust test in the coming weeks.