Fortune Sky is Your Go-to Source for the Latest Finance News, Covering Markets, Business, Industries and Internet.
⎯ 《 Fortune • Sky 》

DeSantis Joins 2024 Presidential Race Leaning on Culture Wars

2023-05-25 07:17
Ron DeSantis officially launched his long-awaited 2024 presidential campaign Wednesday, signaling he will lean into culture war issues
DeSantis Joins 2024 Presidential Race Leaning on Culture Wars

Ron DeSantis officially launched his long-awaited 2024 presidential campaign Wednesday, signaling he will lean into culture war issues as a central strategy to wrestle the Republican nomination from Donald Trump.

The Florida governor held a Twitter Spaces event with its owner Elon Musk that was initially delayed by having thousands of listeners tuned in. DeSantis enters the race as the strongest challenger yet to the former president and current GOP front runner in most polls.

“Our border is a disaster. Crime infests our cities. The federal government makes it harder for families to make ends meet, and the president flounders. But decline is a choice. Success is attainable, and freedom is worth fighting for,” DeSantis said in a video posted to Twitter with the American flag as a backdrop.

DeSantis earlier made his candidacy official in a filing with federal regulators. Once the Twitter live event was able to get underway, he praised Musk’s handling of the social media platform and repeated conservative attacks that the social media industry was biased against conservative viewpoints.

He cast his governorship of Florida as a blueprint for the country and made references to the culture war fights that he’s become known for. As governor, he’s signed legislation to ban abortion after six weeks, waged a public fight with Walt Disney Co., the state’s largest employer and taxpayer, and challenged public universities and teachers’ unions over diversity initiatives and teachings on gender.

DeSantis, 44, enters the race weakened by falling poll numbers and attacks from Trump. The campaign aimed to make a splash with its announcement, but aligning itself with Musk carries its own risks.

A self-described free-speech advocate, Musk has embraced his role as an online provocateur with controversial stances that threaten to rankle the independent and suburban voters DeSantis needs in a potential election matchup against President Joe Biden.

Surveys show that DeSantis has lost altitude in recent months. A Quinnipiac University poll released Wednesday showed Trump has doubled his lead over DeSantis since late March, increasing his support among Republican and GOP-leaning voters to 56% from 47% while DeSantis received 25% backing, down from 33% in March.

Key potential donors have also wavered. Steve Schwarzman, the co-founder of Blackstone Inc., is holding off on donating to DeSantis for now after meeting with him recently, Bloomberg reported this month. Thomas Peterffy, the founder of Interactive Brokers, has said publicly he’s withholding support for DeSantis.

DeSantis intends to sell himself as a younger, drama-free and more conservative alternative to Trump, 76. But while Trump retains a steadfast national base, DeSantis faces the challenging task of assembling his own coalition from the GOP’s disparate factions. He aims to appeal to voters who strayed from the former president and Republicans who never liked Trump in the first place — all while trying to avoid angering Trump’s longtime backers.

Musk Effect

The super-PACs supporting Trump and DeSantis have already spent millions and released dueling campaign videos ahead of the Florida governor’s announcement. Make America Great Again Inc.’s 60-second ad says “swamp creature Ron DeSantis” fought against Trump’s agenda in Congress, while Never Back Down’s biographical 60-second spot touts DeSantis’s record and ends with the words “A PRESIDENT FOR THE PEOPLE” on the screen.

Trump’s camp ridiculed DeSantis for launching his campaign on Twitter.

“This is one of the most out-of-touch campaign launches in modern history,” Karoline Leavitt, spokeswoman for super PAC Make America Great Again Inc., said in a statement Tuesday.

Musk has been criticized for his handling of the social media platform, reducing content moderation and reinstating accounts — including Trump’s — that had been previously banned.

While Musk has courted ties with Republicans, he has clashed with Trump, dismissing the ex-president as “too old to be chief executive of anything.”

Trump hasn’t returned to Twitter after Musk reinstated his account that was suspended following the Jan. 6 insurrection, focusing instead on his own social-media site, Truth Social. He has criticized Musk, calling him a “con artist” and saying he struck a bad deal for app.

It’s unclear whether Musk, worth more than $180 billion in the Bloomberg Billionaires Index, will support DeSantis financially. He hasn’t donated to a political campaign since November 2020. The last presidential candidate he supported was Hillary Clinton.

Musk said Tuesday he doesn’t plan to endorse any candidate at this time.

Campaign Strategy

DeSantis intends to meet with GOP donors in Miami Wednesday and Thursday for a briefing and then a marathon session of fundraising calls — followed by visits to Iowa and other states.

Trump identified DeSantis early as his strongest challenger. He and allies have spent millions of dollars on television ads, waging a relentless campaign for months to weaken and define the Florida governor.

Despite dropping in the polls, DeSantis is still seen as Trump’s toughest rival. Trump holds a 36 percentage-point lead over DeSantis, according to an average of primary polls by RealClearPolitics. As the current runner-up DeSantis will draw fire from both Trump and the bevy of candidates trailing he and the former president.

The growing GOP field includes US Senator Tim Scott, former South Carolina Governor Nikki Haley, former Arkansas Governor Asa Hutchinson, entrepreneur Vivek Ramaswamy, and potentially former Vice President Mike Pence, who is considering a run.

DeSantis allies argue the only polling that matters is in the early primary states, where the governor is expected to start campaigning heavily. The governor used the release of a memoir earlier this year as a reason to visit key states, and allies expect those trips to increase now that he is formally a candidate.

Trump Contrast

His team wants to target voters in Iowa and New Hampshire, where they think they have the best chance to compete, particularly with Iowa’s evangelical voters, according to people familiar with the strategy, who requested anonymity to discuss those plans. Trump lost the Iowa caucuses in 2016 to US Senator Ted Cruz before ultimately winning the nomination.

The DeSantis team plans to play up the governor’s policies in Florida to draw a contrast with Trump, trying to cast their candidate as a drama-free alternative, according to the people familiar.

Trump’s campaign has suggested DeSantis’s polling slump encouraged other Republicans, including former New Hampshire Governor Chris Sununu, former New Jersey Governor Chris Christie, North Dakota Governor Doug Burgum and Virginia Governor Glenn Youngkin, to consider running.

Chris LaCivita, a co-chairman of Trump’s campaign, tweeted May 22 that DeSantis’s “biggest accomplishment in this campaign is generating more candidates!”

“His numbers have fallen, but he’s still in a stronger position than anyone else,” Republican strategist Doug Heye said.

--With assistance from Mark Niquette, Bill Allison and Gregory Korte.

(Updates with signs of donor angst starting in sixth paragraph)