Most pundits have missed the point behind Mitt Romney's speech to the GOP.
He is actually considering a play for the nomination.
This will resolve itself very quickly but it is based on new rules of the Republican National Convention that are not well known.
Today, Romney is being compared to Ronald Reagan who gave a speech supporting the disastrous Republican nominee, Barry Goldwater in 1964. That speech, given in support of a controversial figure is far different from this speech which will not endorse anyone and will by implication suggest that the party should now turn to Romney himself.
Imagine Reagan giving a speech in 1964 in which he attacks Goldwater and doesn't support anyone else and you get the idea. Reagan's speech was selfless, trying to save the Party.
Romney's speech is an act of betrayal, planned to tear the party asunder.
Overlooked in this discussion are the rules that Romney and his GOP establishment lawyer, Ben Ginsburg, wrote at the last Republican nominating convention.
Convinced that Romney would be elected president in 2012 and wanting to assure that his re-nomination in 2016, as the incumbent president, would be a flawless process, the party rammed through rules that allow the delegates at the convention to qualify or disqualify each other at will.
The driving force behind the rules change was to give the party establishment the power to block an outsider, a rogue candidate with grass roots appeal, someone like Ron Paul, who they felt would embarrass the party and the presumed incumbent president Romney.
The real issue was money.
There was a very real danger was that an outsider — and Paul happened to be a very good example of this — might oppose the deals at the Export-Import Bank, or the government's selective enforcement of regulations, or the zero percent interest loans that the Fed gave some companies and not others.
An outsider could end the gravy train that picked up steam in the last year of the presidency of George W. Bush and has now continued without interruption throughout the years of Barack Obama.
The rich have gotten richer and the poor have gotten poorer at a staggering rate. See the study
at the University of California Berkeley.
Even beyond Ron Paul, any outsider might mess up the process in some clumsy way. Such a candidate might hijack a state caucus and arrive at the national convention with enough delegates to get their name in nomination.
Anything could happen. An outsider might even get the nomination.
It is these rules that Romney and Republican Party insiders are now considering to steal the nomination away from frontrunner, Donald Trump, and give to the dignified, true statesman and long suffering president in waiting, Mitt Romney.
They know it's a long shot.
But they will have strong support in the national mainstream media whose corporations depend on advertising dollars from the very companies that benefit from the current Republican-Democratic establishment.
Wait a second, you say. This won't work. Romney can't do that. The people won't allow that. And you are probably right, although, Romney may wait for the polls that follow his speech to finally convince him.
But remember, he knows about those rules that he created. The rules that will allow the Republican Convention to do what it wants. It's hard to have such a weapon in hand and not use it.
And finally, keep in mind. Romney, whose corporate cronies feast off of the system in place doesn't have to win to win. He just has to destroy Donald Trump.
Sure, he would like to be president. God wants him to be president. But as the Chairman of Goldman Sachs allegedly said a year ago. He would be perfectly fine
with Hillary Clinton or Jeb Bush.
It doesn't really matter. Democrat or Republican.
Just make sure it is an insider who can assure us that the power and the money will keep flowing to the people who deserve it.
Doug Wead is a presidential historian who served as a senior adviser to the Ron Paul presidential campaign. He is a New York Times best-selling author, philanthropist, and adviser to two presidents, including President George H.W. Bush, with whom he co-authored the book "Man of Integrity." Read more reports from Doug Wead — Click Here Now.
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