One excerpt:
But voting on the basis of electability is often a fool's errand. Right now, Romney looks like a long-shot in November. He should be an attractive candidate -- smart, knowledgeable, good looking, extremely articulate -- but he's run into voter resistance even among conservatives because of his flip-flops, possibly his religion, and a general failure to connect. If he overcomes these problems and defeats McCain the rest of the way, then he'll have done enough to establish his potential electability to my satisfaction. If he doesn't, the issue will be moot.
Meanwhile, Republicans should not take too much comfort from McCain's performance in polls against Clinton and Obama this far from November. The McCain I saw in the California debate last week didn't look particularly electable. With the economy emerging as the overwhelmingly central issue in the campaign, with McCain's nasty streak increasingly on display, and with his reputation for straight-talk diminishing before our eyes, I'm not prepared to base a vote for the Senator on electability.
The decision thus comes down to policy and effectiveness. I give Romney the edge on both counts.
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