The PJ Tatler

Sensing Defeat, Romney Reins in Expectations

Mitt Romney appears to be resigned to losing the South Carolina primary tomorrow.

At least, he’s sounding  like a candidate who is practicing his concession speech.

With the crucial Republican presidential primary in South Carolina just hours away, front-runner Mitt Romney on Friday lowered expectations for how well he will do and acknowledged he is in a neck-and-neck race with Newt Gingrich.

“Speaker Gingrich is from a neighboring state, well-known, popular in the state, so I knew we’d have a long road ahead of us, and frankly to be in a neck-and-neck race at this last moment is kind of exciting,” Romney told reporters.

Polls show Gingrich, who is from Georgia and is former speaker of the House of Representatives, gaining on Romney. The former Massachusetts governor’s attempt to launch a knockout blow in the nomination race by winning the conservative southern state on Saturday is now in doubt.

Romney had another mixed debate performance Thursday night when he struggled to fend off queries about releasing his tax returns, after acknowledging this week that he pays a much lower tax rate than many working Americans. The former executive has an estimated worth of $270 million.

But Romney can afford to come in second in South Carolina and still remain at the head of the pack of Republicans.

If Romney indeed loses in South Carolina, he will have 10 days to marshal his resources for a massive push in Florida which holds its primary on January 31. A very expensive media state, Florida sets up well for Romney as he has far more money than Gingrich to spend, a strong organization in the state, plus the added advantage of having a popular former governor, Jeb Bush, on his side.

Still, a Gingrich win in South Carolina alters the national map and makes those primaries in March and April really mean something.