The world is on Christie watch, waiting for word on whether the New Jersey governor will jump into the race and save the Republican field.Chris Christie seems to have two big constituent groups: The media (which seems to love him) and Wall Street, which is not too keen on Republican populism.
Earlier this week, Nick Confessore at NYT did a good roundup of the folks pushing for Christie to run.
Among the notable finance names:
- David Tepper
- Dan Loeb
- Charles Schwab
- Ken Langone
- Stan Druckenmiller
- Paul Singer
Mitt Romney, of course, is the other candidate with a big hedge fund/Wall Street fan base, which includes John Paulson, who hosted a fundraiser for the former Bain Capital PE boss back in August.
The problem for Christie (and Romney) is that right now the energy within the Republican party is not on Wall Street — in fact it’s anti-Wall Street to an unprecedented degree.
Add in the fact that Christie has some secretly liberal views, and it’s easy to imagine the “saviour ” of the party flopping in the actual primary.