The spotlight of a running a presidential campaign is like few others. In the modern day, Presidential hopefuls need to have as close to a spotless resume and background as humanly possible, as every aspect of a candidate’s past is subject to scrutiny during a campaign.
Former Florida Governor, Jeb Bush, has not-so-secretly been mulling a run at the White House, to capture the position that both his father and brother have held. Whispers have emerged claiming that Gov. Bush has already staged clandestine meetings with Wall Street big-shots in an attempt to solidify a powerful financial base for a “potential” Presidential bid.
Pundits believe that Bush would be the odds-on favorite to obtain the Republican nomination, yet he has some serious hurdles to clear before setting his sights on a third installment of a Bush presidency. Most obviously, Jeb will need to diversify himself from his brother, George W. Bush, a polarizing figure whose presidency has been met with mixed reviews, to say the least. Jeb’s larger challenge, which may ultimately undermine his campaign before it even begins, is how he explains some aspects of his investment portfolio that may stand at odds with his political stances
Second Coming of Romney?
Rumors abound that the 2012 Republican nominee, Mitt Romney, is seriously considering throwing his hat back into the ring for a second chance at the Presidency in 2016. Romney’s wife, however, insists that her husband will not be entering the race for the nomination. Even if Romney doesn’t run, critics of Jeb Bush have claimed that his campaign would essentially be the second-coming of Mitt Romney’s failed 2012 bid.
Both were successful Governors before contending for the nation’s highest office, and both have been lauded by some, excoriated by others, for being the most moderate Republicans of any of the Presidential hopefuls from the GOP. Some in the party worry that Bush may be subject to the same attacks that ultimately doomed the 2012 Romney campaign, as Romney was frequently painted by Democrats as a “corporate raider”, whose preferred a company’s bottom-line to job creation and questioned his personal tax rate which, as a multi-millionaire, was beneath that of everyday Americans.
Bush’s decision to open up off-shore private equity funds has made him vulnerable to the easy assertion that he is creating a tax-haven for his money and his business ties with China calls into question his ability to take a hard-nosed stance with the Chinese. A potential issue may be how easily Bush can distance himself from his private equity ventures if he does decide to run for president, as some funds have what is known as a “key man” provision that prohibits principals from leaving the fund before a designated period of time has elapsed.
Bush’s business dealings stand at odds with his alleged visits to Wall Street to gauge potential financial backers, so whether or not the former Governor runs remains a mystery. Those privy to Bush’s dealings believe a decision regarding his Presidential ambitions is coming at the end of 2014, or at the beginning of 2015.