Mitt Romney is nothing if not a savvy businessman. We and others have calculated the nomination slipped out of grasp as the Super Tuesday votes were counted. He, smartly for himself, the Party and the country, pulled out.

Romney starts by giving a red meat, well received speech celebrating conservative values. He is, in front of the crowd, back to the Iowa Romney, stressing family and American traditional culture. He is energetic and polished, yet the speech strikes one as entirely ordinary. (That perhaps is part of his problem: offering oneself up as the conventional conservative is simply not enough, especially when not combined with a compelling messenger.) He then veers into energy independence and entitlement reform. Next, he addresses the threat of radical jihadism, whacking the Clinton presidency for cutting defense spending and reciting his litany of proposals to increase defense spending.
He warns that either Clinton or Obama would result in higher taxes and defeat in the war on terror. He says the crowd would be willing to fight on to the convention but that unlike 1976, this is a nation at war. This is both a clever and deeply reasonable basis for distinguishing between himself and Reagan and letting his followers down easy. He continues that it is not an easy decision and he “hates to lose,” but says it has “never been just about me.” All in all, a very classy way to go out. If he has ambitions for the future, he helped himself today.

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