Sunday, April 13, 2008

McCain-Romney: It Makes Economic Sense

Forbes Magazine, has a new column about why Romney is McCain's best choice for VP.

The two main themes of the upcoming general election will be the economy and Iraq. McCain, a staunch supporter of the war in Iraq, cannot retreat from his position in the Middle East regardless of what happens there before November. On the other hand, McCain can shore up his ticket on the economic front by selecting someone who has a solid financial footing: former rival Mitt Romney.

What could Mitt Romney contribute to the Republican ticket? Before serving as governor of Massachusetts, Romney was chief executive of Bain & Company and co-founder of spin-off private equity firm Bain Capital where, over his 14-year stint at the helm, the company enjoyed great success.

A March campaign stop in Utah may have laid the groundwork for a future alliance between the former adversaries. Romney has pledged to raise $15 million for McCain, and he stumped for McCain in Lancaster, Pennsylvania yesterday.

A McCain-Romney ticket makes sense for both men. McCain gets a boost on economic issues and Romney gets a seat next to McCain in the White House—assuming they manage a victory in November. The increased exposure would serve Romney well should he choose to seek the presidential nomination in the future. Considering John McCain’s age, Romney’s chance could come as soon as 2012 if a victorious McCain decided to only serve one term.

--Paul M. Murdock


No comments: