David McCormick to announce Pennsylvania Senate bid.
Former Hedge Fund Executive David McCormick Announces Senate Run Against Incumbent Democrat Bob Casey Jr.
David McCormick, a former hedge fund executive who lost the Republican primary for Pennsylvania’s open Senate seat last year, will announce on Thursday that he is running again for Senate—this time against three-time incumbent Democratic senator Bob Casey Jr.
A U.S. Army veteran and former Treasury Department official, McCormick, 58, will kick off one of the nation’s most closely watched races with a speech in Pittsburgh, two sources said. Reuters first reported on Sept. 12 that the former CEO of Bridgewater Associates, one of the world’s largest hedge funds, would run.
Pennsylvania, one of the nation’s most politically competitive states, has tilted toward Democrats in recent years. Republicans in 2022 faced several losses in the state, including candidates for Senate and governor backed by former President Donald Trump.
Republicans view the seat as a potential game-changer in 2024 for control of Congress. Democrats are defending a one-seat Senate majority while facing tough incumbent races in West Virginia, Ohio, and Montana—states which backed Donald Trump and other Republicans in recent elections.
The Cook Political Report, a nonpartisan newsletter, describes the race McCormick is joining as leaning Democratic.
U.S. Senate Republicans focused on McCormick as they try to line up fresh candidates for 2024, after newcomers with fringe views cost them seats in 2022. Republicans believe he is moderate enough to appeal to suburbanites and stable enough to help other candidates on the ticket.
Pennsylvania had a Republican senator and a Democratic senator for more than a decade until Republican Patrick Toomey retired in January. Senator John Fetterman, a Democrat, picked up the Toomey seat last year after beating television celebrity physician Mehmet Oz.
The McCormick campaign did not respond to requests for comment.
McCormick’s decision comes after weeks of wrangling over whether Trump at the top of the ticket could be a drag, making it more difficult to oust the well-funded Casey, 63. The popular sitting Democratic senator, whose father was a Pennsylvania governor, has won three state-wide elections.
McCormick is already facing attacks from Democrats about whether he truly lives in Pennsylvania. He changed his residency from Connecticut last year to run for office, but the Associated Press reported last month that McCormick still rents a $16 million mansion in Connecticut.
(Reporting by Jarrett Renshaw. Editing by Heather Timmons and Lincoln Feast.)
How does Bob Casey Jr.’s experience as a three-time senator and name recognition play a role in his campaign?
Most contested states in recent elections, is expected to be a battleground in the 2018 midterms as well. With the potential to sway the balance of power in the Senate, the race between McCormick and Casey Jr. will undoubtedly garner national attention.
As a former hedge fund executive and Treasury Department official, McCormick brings a wealth of financial expertise and governmental experience to his campaign. His stint as the CEO of Bridgewater Associates, one of the world’s largest hedge funds, positions him as a knowledgeable and capable contender in the realm of economics and business. Additionally, his time in the U.S. Army highlights his dedication and service to his country.
McCormick’s decision to run for Senate comes as no surprise, considering his unsuccessful attempt in the Republican primary for Pennsylvania’s open Senate seat last year. However, this time he will face a different opponent in incumbent Democrat Bob Casey Jr. Casey, a three-time senator, will undoubtedly rely on his experience and name recognition to rally support from voters.
The battle between McCormick and Casey is expected to be fierce, as control of the Senate hangs in the balance. Political analysts predict that Pennsylvania could be a key state in determining the outcome of the midterms, making this contest all the more critical. Consequently, both candidates will need to employ effective strategies and articulate their policy positions clearly, in order to sway voters in their favor.
Issues such as healthcare, taxes, job creation, and immigration are likely to take center stage during this campaign. Pennsylvania, like many states, has been deeply divided on these issues, and the candidates will need to navigate this landscape delicately. McCormick’s financial expertise and business background may appeal to those looking for a candidate who can effectively manage economic policies and stimulate job growth. On the other hand, Casey’s experience as a senator and his party affiliation may resonate with voters who prioritize social issues and government programs.
This race will not only be important for Pennsylvania but will also have national implications. If McCormick were to defeat Casey, it would significantly shift the balance of power in the Senate and impact the Republican Party’s ability to enact its agenda. Conversely, a victory for Casey would solidify the Democrats’ position in the Senate and potentially act as a roadblock for key Republican policies.
As the 2018 midterms approach, all eyes will be on the race between David McCormick and Bob Casey Jr. With the potential to reshape the political landscape in Pennsylvania and impact national politics, this contest will certainly be one to watch. Voters will have the opportunity to choose between two candidates with diverse backgrounds and policy positions, and their decision will undoubtedly shape the future of the state and the country.
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