Romney's $45 Million Gamble -- Political Wire

Romney's $45 Million Gamble

Mitt Romney wrote off the $45 million he loaned his failed presidential campaign, according to the Boston Globe.

"Romney's decision to formally reclassify his loans as contributions -- a seemingly small bureaucratic gesture -- removes a deceptively large obstacle to his vice presidential nomination. Had he become McCain's veep without giving up hope of retrieving the cash, Romney might have wasted a lot of time at fund-raisers trying to retire his personal debt. McCain, obviously, would prefer a vice president who's free to do other things and willing to use his fund-raising time to help the party. So Romney is signaling to McCain that he's willing to join the ticket free and clear."

July 22, 2008

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Taegan D. Goddard is the creator of Political Wire, a political column updated around the clock with the most interesting news, buzz and commentary.

Goddard is also co-author of You Won - Now What? (Scribner, 1998), a political management book hailed by prominent journalists and politicians from both parties. In addition, Goddard's essays on politics and public policy have appeared in dozens of newspapers across the country, including the Washington Post, USA Today, Boston Globe, San Francisco Chronicle, Chicago Tribune, Philadelphia Inquirer and Christian Science Monitor.

This is a personal site and does not necessarily reflect the views of any company, political campaign or advocacy group.

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