{"id":25987,"date":"2021-11-04T22:47:04","date_gmt":"2021-11-04T22:47:04","guid":{"rendered":"http:\/\/cryptospotters.net\/?p=25987"},"modified":"2021-11-04T22:47:04","modified_gmt":"2021-11-04T22:47:04","slug":"pennsylvania-republicans-eye-top-investment-ceo-for-senate-primary","status":"publish","type":"post","link":"http:\/\/cryptospotters.net\/?p=25987","title":{"rendered":"Pennsylvania Republicans eye top investment CEO for Senate primary"},"content":{"rendered":"<p>Source: Politics<\/p>\n<p>David McCormick, a combat veteran and business executive, is being encouraged by prominent Pennsylvania Republicans to enter the Senate race, according to multiple people familiar with the discussions.<\/p>\n<p>The former Treasury Department official\u2019s entry would shake up the GOP primary in one of the nation\u2019s most important Senate elections next year \u2014 a contest in which former President Donald Trump has already made an endorsement. <\/p>\n<p>Trump in September announced his support for Sean Parnell, who is now attempting to weather <a href=\"https:\/\/www.inquirer.com\/politics\/pennsylvania\/sean-parnell-wife-abuse-choke-senate-hearing-20211101.html\">domestic violence allegations<\/a> made by his estranged wife in an ongoing child custody dispute. <\/p>\n<p>A native of the Pittsburgh area, McCormick currently runs Bridgewater Associates, the world\u2019s biggest hedge fund with over $140 billion in assets. He boasts a glittering resume \u2014 after graduating from West Point and Army Ranger School, McCormick served in the Gulf War, where he won the Bronze Star, went on to earn his Ph.D. from Princeton, worked at McKinsey and served as a top Treasury official in the George W. Bush administration. <\/p>\n<p>McCormick has not made a decision on whether to run, according to a number of sources. He didn\u2019t respond to a request for comment.<\/p>\n<p>In the aftermath of Republican Glenn Youngkin\u2019s successful run for governor in Virginia \u2014 where he was able to win the votes of independents, suburban voters, and women in a blue state \u2014 Republicans are anxious to find candidates who might have a similar appeal. <\/p>\n<p>\u201cI&#8217;ve known Dave McCormick since the early 90s, and I think he would be an incredibly formidable candidate if he decides to enter the race. He\u2019s a great Pennsylvanian who has all the necessary skills and attributes to be an outstanding United States senator,\u201d said Dave Urban, a fellow West Point grad and close friend of McCormick, and a lobbyist with ties to Trump. <\/p>\n<p>A prominent Republican close to the effort to recruit McCormick said that Youngkin\u2019s victory on Tuesday underscored the value of candidate recruitment going into a year where Republicans are increasingly optimistic about their chances of winning back the House and Senate.<\/p>\n<p>\u201cThere are many at both the grassroots and national level who see in Dave many of the attributes that made Glenn Youngkin a compelling candidate,\u201d said the person, who added that McCormick has \u201can extraordinary network in both Pennsylvania and nationally.\u201d<\/p>\n<p>If he decides to run, McCormick would first have to navigate the optics of his current residence \u2014 at the moment, he lives in Connecticut with his family. Still, he has close ties to Pennsylvania, and frequently visits his family farm in Bloomsburg, where he was a wrestler and football player at the local public high school. After Princeton, he returned to Pittsburgh for ten years and was the CEO of a tech company called Free Markets.<\/p>\n<p>\u201cI think he would be the standout candidate and would immediately move to the front of the pack should he decide to go in,\u201d said Jim Schultz, a prominent Pennsylvania Republican lawyer who served as general counsel to former GOP Gov. Tom Corbett.<\/p>\n<p>\u201cThis will be one of the top Senate races in the country next year, and he can marshal the necessary resources to win a race like this,\u201d said Schultz.<\/p>\n<p>McCormick would also have to navigate a primary in which Trump, who won the state in 2016, looms large. Parnell, an author and Army combat veteran who also hails from western Pennsylvania, has emerged as the GOP frontrunner in the race to succeed retiring GOP Sen. Pat Toomey. But days after Trump\u2019s endorsement, GOP opponent Jeff Bartos released police reports showing Parnell\u2019s wife had taken out orders of protection against him in 2017 and 2018.<\/p>\n<p>Another candidate with Trump ties \u2014 Carla Sands, a former ambassador to Denmark under Trump \u2014 has loaned $3.1 million to her campaign.<\/p>\n<p>This week, Parnell\u2019s estranged wife Laurie Snell testified in a child custody hearing that Parnell had assaulted her and their children, an allegation that raised questions about his viability as a candidate.<\/p>\n<p>Parnell, who has denied the allegations of abuse, is scheduled to offer testimony in court next week.<\/p>\n<p>\u201cPresident Trump respects Dave and has spoken highly of his service and success,\u201d said a person close to Trump. \u201cThere are a number of former Trump campaign and White House officials who would be hugely excited by his potential candidacy and would definitely encourage him to consider this more seriously.\u201d <\/p>\n<p>Christine Toretti, a Republican National Committeeperson from Pennsylvania, said she admired McCormick\u2019s willingness to consider running and serving and said his name came up several times at a local Pittsburgh Republican event on Wednesday night.<\/p>\n<p>\u201cYou look at the cast of characters right now, I don\u2019t think any of them would be viable,\u201d she said. \u201cI think he would be the best shot we have for the Republican Party. &#8230; I find his candidacy very intriguing.\u201d<\/p>\n<p>McCormick is married to Dina Powell McCormick, a Goldman Sachs executive who previously served as a deputy national security adviser to Trump. His family also has a history of public service in the state: His father, James McCormick, served as the president of Bloomsburg University and chancellor for the Pennsylvania State System of Higher Education. <\/p>\n<p>If he decides to run, McCormick has told people he would invest millions of his own money into the race, according to two Pennsylvania GOP sources.<\/p>\n<p>\u201cDavid McCormick will quickly emerge as the frontrunner,\u201d said Greg Manz, a former spokesperson for the state Republican Party who worked on both of Trump\u2019s presidential campaigns. \u201cHis public policy bona fides are second to none and he will showcase a preeminent fundraising prowess.\u201d<\/p>\n<p><a href=\"https:\/\/www.politico.com\/news\/2021\/11\/04\/pennsylvania-republicans-investment-ceo-senate-519606\">Read More<\/a><\/p>","protected":false},"excerpt":{"rendered":"<p>Source: Politics David McCormick, a combat veteran and business executive, is being encouraged by prominent Pennsylvania Republicans to enter the Senate race, according to multiple people familiar with the discussions.&hellip; <\/p>\n","protected":false},"author":0,"featured_media":25988,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[6],"tags":[],"_links":{"self":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/25987"}],"collection":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=25987"}],"version-history":[{"count":0,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/25987\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/media\/25988"}],"wp:attachment":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=25987"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=25987"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=25987"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}