It isn't too late for him to do it, and he could salvage the Democratic Party by opening the door to another candidate (unlike Street, I doubt it would be Hillary Clinton).
I have no doubt that at this moment Mitt Romney is well on his way to being the 45th president of the United States. I have believed this since 2008. He does have crossover appeal, despite his wishy-washy record not unlike the current president, and I don't think he would do a worse job.
Street:
The president is starting to look like the potential victim of a landslide in November of 2012. The Democratic base is widely disillusioned with him. Even many among his fake-progressive pseudo-liberal dead-end defenders sometimes squawk about his conservative corporatism and unwillingness to govern in accord with his idealistic campaign promises. Liberal and progressive Democratic elected officials in the House and Senate have been grumbling about his center-right proclivities for some time now. It is one thing to rightwardly triangulate on the backs of welfare mothers and declining unions in the mode of Bill Clinton; it is another thing to do so at the expense of the broadly popular programs Social Security and Medicare, all while passing on hyper-regressive Republican tax cuts for the obscenely rich and powerful.
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