I am very fearful that the Republicans will nominate another Bush‐style candidate for 2012. With the government running trillion‐dollar deficits, the country needs a hard‐line budget‐cutter as the next president.
Politico reports: “Minnesota Gov. Tim Pawlenty has been quietly assembling the blueprint of a presidential campaign and will announce Thursday the support of a group of high‐level political strategists and donors, complemented by a handful of top new media consultants.”
I gave Pawlenty a “B” in my fiscal report card on the governors last year. Here’s what I said about him:
Tim Pawlenty pledged not to raise taxes when he ran for governor, but his tax record in office is more mixed than that. He backed a $200 million tax increase on cigarette consumers in 2005 and a $109 million corporate tax increase in 2008. He has also supported substantial increases in fees and charges. Pawlenty has provided some targeted tax relief and imposed temporary limits on local property tax increases, but he has not focused on pro‐growth tax rate reductions. Nonetheless, Pawlenty’s veto record is impressive, including rejecting a gasoline tax increase, a hike in the top personal income tax rate, and various bloated spending bills. Pawlenty has delivered fairly restrained budgets over the years and kept spending growth to modest increases.
This year, Pawlenty has proposed spending restraint and he has vetoed tax increases. He has also called for cutting the state corporate income tax rate. Still, I’m uneasy about him, so I sure hope the party’s fiscal conservatives thoroughly vet the fellow before he advances too far.