Candidacy Dashed for Fred Thompson -- Republican Hope and Hope for Growth Economy

Those of us who believe that the Democrats will do serious harm to the American economy have been secretly betting on Fred Thompson's unannounced candidacy as the best chance for the Republicans. He was the stealth candidate whom few knew much about but who – because of his star power – had a possibility of carrying the day. Today, tucked away inside the first section of the New York Times, after first being aired on the web by the LA Times, is a piece of news that will seriously weaken his candidacy.

Those of us who believe that the Democrats will do serious harm to the American economy have been secretly betting on Fred Thompson's unannounced candidacy as the best chance for the Republicans.  He was the stealth candidate whom few knew much about but who – because of his star power – had a possibility of carrying the day.  Today, tucked away inside the first section of the New York Times, after first being aired on the web by the LA Times, is a piece of news that will seriously weaken his candidacy.

The news is that Thompson is purported to have been a lobbyist/consultant to a family planning and pro-abortion group some sixteen years ago (before becoming a Senator), representing them in and before the White House.   He claims he doesn’t remember.  Whether he remembers or not, records seem to indicate he was and this dashes his candidacy definitively. 

Whether one is for or against family planning and abortion – and I personally am decidedly for a woman’s right to choose – Thompson has lost his advantage in the party and the possibility of surfacing as the pretty face who will become our next president.  He will not have, based on this news, the support of the far right Republicans, and as such is most unlikely to win the party’s nomination.  Whether the next president will support a growth economy or turn everything upside down in favor of “social programs” will now depend on the Republican’s choice among the others.       

Ari Socolow
Ari Socolow: Ari Socolow is the Chief Economist and Editor-in-Chief at BestCashCow. He is particularly interested in issues relating to financial literacy and bank transparency. Since co-founding this website in 2005, Ari has been frequently cited in the media as an expert on local and national savings accounts, CD products, mortgage and loan products and credit card rewards products.

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Comments

  • Anonymous

    July 07, 2007

    I am not sure. The religious right that controls the Republican party could still support Thompson when they realize that their alternative is Giuliani who is vocally more liberal on social issues.

    I too favor a woman's right to choose. Unfortunately George and George W. have already stacked the Supreme Court with younger justices who are going to further restrict this right no matter who the next president is.

    Virtually any of the Republican candidates is going to be better for the economy than the leading Democrats here.

  • Anonymous

    July 08, 2007

    who cares.

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