Tim Pawlenty deserts Mitt Romney’s sinking ship

Tim Pawlenty, the former governor of Minnesota, and one of the main campaigners of the Republican Party President hopeful Mitt Romney has decided to desert the sinking ship and step down from the pedestal of the national co-chairman of Mitt Romney.

Tim Pawlenty would be lobbying for the financial services industry.

This has been reported in dailymail.co.uk of dated 21st of September 2012.

Tim Pawlenty would become the new President and chief executive officer of the Financial Services Roundtable on 1st of November 2012, just days before the 2012 US President election.

This group lobbies on behalf of insurance companies, large banks and other important players in the world of finance and is a bipartisan organization, hence Tim can no longer participate in partisan activities.

The Financial Services Roundtable is a conglomerate of 100 integrated financial services companies and accounts for $92.7 trillion in managed assets, $1.2 trillion in revenue, and 2.3 million jobs, according to the group.

It may be recalled that Tim Pawlenty was an early entrant in the 2012 US Presidential elections but his bid came to an end last year itself due to poor polling before the primaries began. He had to, apparently, struggle to raise money and connect with voters and had to ultimately leave the race and had decided to campaign for Romney.

The loss of a top adviser at a critical juncture when he is fighting several battles on different fronts, would be a great loss for Mitt Romney and would indirectly improve the chances of the incumbent President Barack Obama.

He has to announce a replacement for Tim Pawlenty.

Needless to say that his leaving the Mitt Romney campaign would have an adverse effect on the way things turn out for the struggling Republican candidate who is trying to come to terms with his series of gaffes, including secret tape recordings which have come to be known as the MoJo video in which he belittles a large section of Americans.

Speculations are rife that he is distancing himself from mitt Romney and is gearing up for a future President run, probably the next time round in 2016.

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