• Home
  • Latest
  • Fortune 500
  • Finance
  • Tech
  • Leadership
  • Lifestyle
  • Rankings
  • Multimedia
Presidential Campaign

GOP presidential hopefuls court big business

By
Tory Newmyer
Tory Newmyer
Down Arrow Button Icon
By
Tory Newmyer
Tory Newmyer
Down Arrow Button Icon
May 25, 2011, 4:12 PM ET

Former Minnesota Gov. Tim Pawlenty kicked off his bid for the Republican presidential nomination this week by telling corn-rich Iowans he wants to phase out ethanol subsidies. Then he headed to Florida, the retiree’s haven, and called for reform of entitlement programs like Social Security.

The moves were aimed at underlining the early theme of Pawlenty’s campaign — that he’s got the courage to tell hard truths to a nation in deep trouble. But you can’t build a presidential bid on Sister Souljah moments alone, and when the candidate tours Washington today, he’ll devote some time to the grubbier work of standing up his nascent operation.

Between a speech at the Cato Institute and visits with lawmakers on Capitol Hill, Pawlenty will collect campaign cash during his first D.C. fundraiser. The event, a lunch in the K Street offices of the law and lobbying shop Wiley Rein, LLP, likely won’t raise a huge pile of cash. Attendees are required to cough up a relatively modest $500 each to get in the door, according to a copy of the invite. It will, however, help the campaign establish a Beltway beachhead, an important task for GOP hopefuls as the field congeals.

Pawlenty is hardly the only candidate quietly courting Washington’s permanent class of lobbyists and political operatives. His chief rivals have been making the rounds, as well. Last week, former Utah Gov. Jon Huntsman, fresh off a turn as President Obama’s ambassador to China, came to town for a series of small meet-and-greets ahead of his likely announcement. (Read more about the Huntsman dynasty.) And former Massachusetts Gov. Mitt Romney enjoys a ready-built machine of loyalist lobbyists that rallied to his cause four years ago. He’s looking to shore up and add to their ranks with a D.C. kickoff fundraiser scheduled for June 29.

The activity reflects an odd fact of the Republican contest so far. Voters these days hate Washington even more than they usually do. So it should come as no surprise that the top-tier of Republican contenders in an open primary lacks a sitting Member of Congress for the first time in more than 40 years.

But that doesn’t mean the Beltway establishment will have no role to play in the primary stakes. On the contrary, with the field now all but set, a quiet but increasingly energetic contest is shaping up for the support of the city’s moneymen — those lobbyists and other operatives with deep pockets and access to C-level corporate executives across the country.

Daniels departure leaves many unattached

The contest for K Street’s unaligned powerbrokers kicked into high gear this week after the Sunday announcement by Indiana Gov. Mitch Daniels that he won’t make the race. A political adviser to President Ronald Reagan and budget director for President George W. Bush, Daniels maintained a robust Washington network that remained sidelined pending his decision. His supporters-in-waiting now join the roster of lobbyists who had been lined up behind Mississippi Gov. Haley Barbour, another longtime Washington hand who announced April 25 that he was forgoing a bid. (That Barbour was himself once a powerful Washington lobbyist helped pad his enviable D.C. Rolodex, even as it presented serious challenges to his electability.)

“I’m 0-2,” says David Norcross, a Republican lobbyist and partner at Blank Rome who would have backed Barbour, then Daniels. Now, he says, “I’m nowhere,” though he says he heard from Huntsman last week and will need to talk to him before picking a new horse. Likewise, Rick Hohlt, a native Indianan and prominent GOP lobbyist with strong ties to Daniels, says he is in no hurry to recommit. “I’ll see how it goes and make an evaluation,” he says.

Each camp has its work cut out. Romney has a head start rounding up support. But some of his backers from 2008 are shopping for alternatives. They’re concerned about how Romney can overcome his signature achievement as governor — a health care overhaul that included an individual mandate and became a model for the Democratic reform law that Republicans hope to make a focus of the general election.

Huntsman has his own Obama problem, having served in the administration. People who attended his sessions last week said Huntsman didn’t take on the President directly. Rather, he presented himself as a serious-minded problem-solver ready to tackle the nation’s fiscal problems. Attendees were impressed but not overwhelmed.

Pawlenty, perhaps more than anything else, simply needs to demonstrate he is mustering a serious campaign and represents the most viable alternative to Romney. On the eve of the Minnesotan’s Washington debut as a declared candidate, a source close to his camp pooh-poohed the significance of the K Street shadow primary. Pawlenty’s camp believes the race will be won out in the field, this source said — a process that Beltway chatter will do little to shape.

That’s of course a reasonable argument to expect from any Republican campaign competing to take on an incumbent Democratic president in anti-Washington environment. But if the Beltway establishment really didn’t matter, the campaigns wouldn’t be locked in an increasingly intense competition here to round up support.

About the Author
By Tory Newmyer
See full bioRight Arrow Button Icon

Latest in Features

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025

Most Popular

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Fortune Secondary Logo
Rankings
  • 100 Best Companies
  • Fortune 500
  • Global 500
  • Fortune 500 Europe
  • Most Powerful Women
  • World's Most Admired Companies
  • See All Rankings
  • Lists Calendar
Sections
  • Finance
  • Fortune Crypto
  • Features
  • Leadership
  • Health
  • Commentary
  • Success
  • Retail
  • Mpw
  • Tech
  • Lifestyle
  • CEO Initiative
  • Asia
  • Politics
  • Conferences
  • Europe
  • Newsletters
  • Personal Finance
  • Environment
  • Magazine
  • Education
Customer Support
  • Frequently Asked Questions
  • Customer Service Portal
  • Privacy Policy
  • Terms Of Use
  • Single Issues For Purchase
  • International Print
Commercial Services
  • Advertising
  • Fortune Brand Studio
  • Fortune Analytics
  • Fortune Conferences
  • Business Development
  • Group Subscriptions
About Us
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • Facebook icon
  • Twitter icon
  • LinkedIn icon
  • Instagram icon
  • Pinterest icon

Latest in Features

Anduril CEO Brian Schimpf
MagazineDefense
Inside Anduril: Meet the quiet engineer-CEO building America’s $31 billion weapons startup
By Allie GarfinkleMay 6, 2026
6 days ago
A Michigan farm town voted down plans for a giant OpenAI-Oracle data center. Weeks later, construction began
MagazineData centers
A Michigan farm town voted down plans for a giant OpenAI-Oracle data center. Weeks later, construction began
By Sharon GoldmanMay 6, 2026
6 days ago
The American Express CEO defied haters who said he’d never have the top job—winning with millennials and Gen Z and trouncing the competition
MagazineAmerican Express
The American Express CEO defied haters who said he’d never have the top job—winning with millennials and Gen Z and trouncing the competition
By Shawn TullyMay 6, 2026
6 days ago
Photo of Marc Benioff
Magazinecommunication
Salesforce CEO Marc Benioff turned his earnings call into a vodcast. Why other Fortune 500 CEOs might follow
By Rachel VentrescaMay 6, 2026
6 days ago
Intel Chief Exec, Lip-Bu Tan, on stage
EuropeIntel
Intel’s share price just blew the doors off. One man thinks he knows the reason why
By Kamal AhmedApril 27, 2026
14 days ago
Who owns ideas in the AI age?
MagazinePublishing
Who owns ideas in the AI age?
By Francesca CassidyApril 8, 2026
1 month ago

Most Popular

‘This is the way’: Elon Musk endorses Warren Buffett’s famed 5-minute plan to fix the national debt
Economy
‘This is the way’: Elon Musk endorses Warren Buffett’s famed 5-minute plan to fix the national debt
By Jacqueline MunisMay 10, 2026
1 day ago
OpenAI CEO Sam Altman says Gen Z and millennials are using ChatGPT like a 'life advisor'—but college students might be one step ahead
Tech
OpenAI CEO Sam Altman says Gen Z and millennials are using ChatGPT like a 'life advisor'—but college students might be one step ahead
By Sydney LakeMay 10, 2026
1 day ago
Red flag test: former CEO explains why he rejects job candidates who say they can start right away
Success
Red flag test: former CEO explains why he rejects job candidates who say they can start right away
By Orianna Rosa RoyleMay 9, 2026
2 days ago
'Employers are increasingly turning to degree and GPA' in hiring: Recruiters retreat from ‘talent is everywhere,’ double down on top colleges
Future of Work
'Employers are increasingly turning to degree and GPA' in hiring: Recruiters retreat from ‘talent is everywhere,’ double down on top colleges
By Jake AngeloMay 9, 2026
2 days ago
Trump thinks he's flying to Beijing with leverage. China spent 6 years making sure he doesn't have any
Commentary
Trump thinks he's flying to Beijing with leverage. China spent 6 years making sure he doesn't have any
By Steve H. HankeMay 10, 2026
1 day ago
Forget U.S. debt, China's total borrowing is in 'a league of its own'—much worse and deteriorating faster, analyst says
Economy
Forget U.S. debt, China's total borrowing is in 'a league of its own'—much worse and deteriorating faster, analyst says
By Jason MaMay 11, 2026
5 hours ago

© 2026 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal Information
FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.