“At his own political risk”? He has absolutely NO future in politics. What’s the risk here?
In terms of PAC being forumlated, any other race he could run in at a lower level, endorsement-providing organization, talk show circuit, donations, 501 (c) 3, any and all of the above. This is all politics, not necessarily running for politics oneself anymore. The conservative grassroots spigot for donations would rightly be shut off if there were somehow a Herman Cain - Romney endorsement at this time. Again, with all due respect for him, he really should be aware of the downside to do such a thing at this time.