The swift rise and fall of DeSantis’ 2024 presidential bid

Florida Governor Ron DeSantis' once-promising 2024 presidential campaign crumbled in less than a year. Despite a $130 million war chest and high expectations, DeSantis faced strategy missteps, financial woes, and failed attempts to distance himself from Trump. From a glitchy campaign launch to a misguided focus on Florida, his team's misjudgments mounted. The ill-fated run, plagued by internal conflicts and Trump's attacks, serves as a cautionary tale for Republicans. DeSantis, once seen as Trump's main alternative, withdrew, leaving behind a legacy of regret and a fractured political future..Sign up for your early morning brew of the BizNews Insider to keep you up to speed with the content that matters. The newsletter will land in your inbox at 5:30am weekdays. Register here..By Nancy Cook, Felipe Marques and Anna Kaiser.Florida Governor Ron DeSantis entered the 2024 presidential race last May with swagger, high expectations and $130 million in the bank under the direction of a top Republican strategist..His was a campaign with so much promise. It began to fall apart weeks after it launched. .He exited the race on Sunday less than a year later with cratering poll numbers, a team fractured by infighting and a laundry list of regrets..The political world will study his campaign as an example of what not to do: Strategy miscalculations, financial mismanagement and a failure to fashion a likable candidate plagued the campaign. Still, those mistakes were secondary to the original misjudgment that Republican voters would prefer a knock-off in place of the real thing.."We learned in 2016 that the voters did want Trump, so trying to run a campaign that got to his right on culture issues without really criticizing him was going to fail because it had already failed," said Tim Miller, who worked on Jeb Bush's presidential race in 2016..The DeSantis team is recounting their lessons learned. They wish they'd entered the race sooner and spent more time talking about the economy, rather than Florida, according to people familiar with the strategy. Privately, allies say they wished he was more comfortable with voters. .Read more: Trump dominates Iowa, trounces Republican competitors, advances toward 2024 Presidential rematch.DeSantis waited six months after former President Donald Trump announced to jump into the Republican primary himself. He instead focused on a conservative agenda in Florida, fueled by a resounding win in 2022 for a second gubernatorial term. .The lag time gave Trump the ability to define him, giving him nicknames like "DeSanctimonious" and "Tiny D." He was never able to recover from the barrage of attacks..It wasn't supposed to unfold this way. DeSantis was primed to be the main Republican alternative to Trump..Donor Support.Titans of finance, including Ken Griffin and Thomas Peterffy, bankrolled his gubernatorial run, which raised more than $200 million from some of the country's richest families. Wealthy donors shelled out $1 million each for his black-tie inauguration gala that included a candle-lit dinner catered by the upscale restaurant Carbone..Shortly after, he privately identified campaign aides and held conversations with Jeff Roe, a Republican strategist who would lead the super political action committee supporting his candidacy. .DeSantis pushed through one of the biggest conservative takeovers in modern history as governor. He ushered through restrictions on abortion, immigration and Chinese companies. He got into a messy fight with the Walt Disney Co. over what he called "woke" policies. That was a major misstep with donors..Ron DeSantis has dropped out of the 2024 race and endorsed Trump.@laurapdavison breaks down what this means as we head into the New Hampshire primary https://t.co/D9u5qOCV5C pic.twitter.com/XUzkt1PGzY— Bloomberg Politics (@bpolitics) January 22, 2024.Griffin said DeSantis' Disney feud was "pointless." Peterffy stopped supporting him after he signed a 6-week abortion ban and prohibited books referencing sexual identity in schools. Hedge fund manager Paul Tudor Jones diversified donations to other Republican hopefuls, including Chris Christie..The DeSantis team assumed experience running a successful gubernatorial operation would translate into presidential politics. They were so confident that they planned to only speak to friendly, conservative outlets, and avoid national media until after the Republican primary, according to people briefed on strategy. DeSantis, in a recent interview, bemoaned that decision..Problems Mount.DeSantis suffered from a glitchy campaign launch last spring that foreshadowed many self-inflicted missteps..He opted to announce his candidacy on a Twitter Spaces, alongside billionaire Elon Musk, instead of a traditional launch in front of TV cameras..The campaign wanted to appear edgy, but it was a technical disaster. His team tried to cast it as so popular it "broke the internet," but it was widely panned as an amateur move..The summer months didn't go better. At a county fair in Iowa, he awkwardly told a young girl that her snow cone looked sugary. He frustrated a group of Iowans by not taking questions after they'd given up their lunch hour to crowd into a room to see him.."His pitch was all about Florida, which didn't impress voters in Iowa or New Hampshire," said Alex Conant, a GOP strategist who worked on Marco Rubio's 2016 presidential race. "DeSantis never articulated why he'd be a better nominee than Trump.".Despite having $130 million in a super political action committee, the operation struggled with money. His first campaign manager, Generra Peck, hired more than 90 people — even though the super PAC, Never Back Down, was supposed to be responsible for the on-the-ground operations. The huge payroll and DeSantis' penchant for private planes quickly led to overspending..By mid-August, they'd done two rounds of layoffs and replaced Peck with his chief of staff from the governor's office, James Uthmeier. He had never run a presidential campaign, but he had the trust of the governor and his wife, Casey..Campaign Reset.In the fall, they made another strategy shift, going all-in on Iowa. His team hoped the investment in the state would translate into a strong showing in the first contest in the nomination process..Tensions between the campaign and Never Back Down began to fester as the groups, which aren't legally allowed to coordinate, jockeyed over messaging and control. The relationship with Roe ultimately went sour. He resigned in December after months of internal feuding..DeSantis eventually grew more comfortable with talking with voters, engaging with their concerns. It was too late. He'd already earned a reputation of being awkward. He also never figured out how to run against Trump without criticizing the Republican frontrunner.."He's a terrific guy and the policies are there, but I think the challenge on connecting with voters has been, in my mind, the biggest challenge that we've seen," said Bruce Rastetter, a Republican donor in Iowa..The bet on Iowa didn't pay off. DeSantis came in a distant second place to Trump. The next few weeks also looked bad with Trump holding a strong lead in every state, leading to the decision to suspend the campaign before voting began in the Jan. 23 New Hampshire primary.."If he had waited to run for president in 2028, I would have voted for him," said Ozzy Bonilla, a 29-year-old truck driver waiting at a Trump rally hours after DeSantis dropped out. Running in 2024 made DeSantis look like a "traitor," he said..Read also:.Age and acuity: Joe Biden's 81st birthday shines spotlight on Presidential fitness concerns Premium from the FT- Trump is putting American democracy on trial FT: Tough road ahead for Republican candidates as Trump sweeps Iowa.© 2024 Bloomberg L.P.

The swift rise and fall of DeSantis’ 2024 presidential bid

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