The GOP Vice Presidential nominee will be a current or former Governor.
After the Obama disaster, American voters do not want to see "zero executive experience" and "a heartbeat away from the Presidency" in the same sentence.
That, however, does not mean that Bachmann will drop out of the "race".
There are two types of Presidential races:
Type 1: A race to win elected office
Type 2: A race to be seen racing.
The Type 1 race requires large amounts of money for professional staff and campaign advertising. Such a race left Hillary $9 million in debt even after spending $11 million of her own money. Once the money dries up, the professional staff bolts (like Bachmann's top two people did this week) and actually winning is out of the question.
The Type 2 race requires no funding, no staff and no advertising. All it requires is for the candidate to show up in front of the media cameras since the goal is not to win an election but to enhance celebrity status or to gain celebrity status for the first time. The celebrity status then translates to personal income in the form of future book sales and speaking fees. Newt Gringrich is running such a "Type 2" campaign right now.
Now that Bachmann's campaign money is drying up her professional staff is leaving, her Type 1 campaign is coming to a close. However, Bachmann will, like Newt Gingrich is doing, probably remain in a "Type 2" campaign to build her future book sales and set herself up for good speaking fees in the future.
You make some excellent points!
Very informative. Thank you!!!