The Market Update

McCain's VP Pick: Alaska Gov. Sarah Palin

Stock quotes in this article: HPQ , EBAY  

McCain has made an effort to appeal to women. He's had two female surrogates hitting the campaign trail: Carly Fiorina, former CEO of H-P (HPQ Quote), and Meg Whitman, former CEO of eBay (EBAY Quote). The decision to choose Palin should help bring more women on board the campaign. Certainly, Palin's gender proves more important than Sen. Joe Biden's (D., Del.) foreign policy experience.

McCain has appealed directly to supporters of Sen. Clinton. During the Democratic convention, he ran an ad titled "Passed Over" featuring her image. The ad asked why she wasn't on the Democratic ticket and suggested she failed to make the cut because of her criticisms of Obama's campaign. McCain Chooses Alaska Gov. Sarah Palin for VP

Did Obama make a mistake not adding Clinton to the ticket? As John Judis points out in an article for the New Republic, only two successful presidential candidates have survived tough primary battles and did so by naming their opponents to the ticket: John Kennedy in 1960 and Ronald Reagan in 1980.

The only possible downside for Palin would be experience. She served four years as a city council member and two terms as mayor in the city of Wasilla. She has been a governor for only one year. The Obama campaign responded to the announcement, ironically enough, by lashing out with a press release attacking Palin's experience. Bill Burton, a campaign spokesperson, said:

"Today, John McCain put the former mayor of a town of 9,000 with zero foreign policy experience a heartbeat away from the presidency. Governor Palin shares John McCain's commitment to overturning Roe v. Wade, the agenda of Big Oil and continuing George Bush's failed economic policies -- that's not the change we need, it's just more of the same."

McCain's pick should change the conversation. Palin could prove enough of a change that might allow McCain to separate himself from the shadow and reputation of President Bush.

McCain and Palin plan to tour several states before arriving at the Republican Convention in Minneapolis. There has been some talk that the convention could be delayed depending on the direction and intensity of Tropical Storm Gustav, which is headed for Louisiana just three years after Hurricane Katrina ravaged the Gulf Coast.


Who made the better choice for a running mate?

Barack Obama with Joe Biden
John McCain with Sarah Palin
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