Friday, August 22, 2008

Mitt Might Be It: How Romney Can Make You Rich

McCain may be banking on Romney's business expertise to help his own political fortunes, reports Time's Mark Halperin. Citing two unnamed Republican sources, Halperin writes that the presumptive Republican nominee has settled on the former Mass. Governor as his VP pick.

Whether or not Mitt is it, the former Bain analyst and Republican presidential candidate will do wonders for your political portfolio. The news that McCain had decided on the long-rumored, so-called "safe choice" sent Romney shares soaring this morning in early trading on Intrade.

While Romney's stock is already up nearly 23 points today, there's plenty of up side to investing now. Republican operatives, eager to deflect attention away from Obama's imminent VP announcement and happy to have someone other than Lieberman to discuss, are likely to ride the story all day on cable news.

Bottom Line - On the day after McCain was pounded for forgetting how many mansions he has, pundits will surely debate the wisdom of his decision to go with the richest Republican as his Number Two. Still, there's no debating whether to buy Romney's VP stock right now. Bet the house on it.

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