From left, Sen. Rob Portman, Rep. Paul Ryan & Former Minn. Gov. Tim Pawlenty  Republican presidential candidate and former Massachusetts Gov. Mitt Romney speaks to workers during a campaign event at Acme Industries on August 7, 2012 in Elk Grove Village, Illinois.

Final Thoughts: The Final Three

(Photo: Scott Olson / Getty Images)

*** The final three: We can say with a high degree of confidence that Mitt Romney’s vice-presidential pick has largely come down to three men: former Minnesota Gov. Tim Pawlenty, U.S. Sen. Rob Portman, and House Budget Committee Chairman Paul Ryan. And it’s more than possible that Romney has already made up his mind. All three VP finalists bring something different to the table. Pawlenty is the loyal outsider, who would enable a Romney-Pawlenty ticket to run as former governors vowing to take on Washington; Pawlenty also potentially would add some blue-collar appeal to the ticket. Portman would be the insider, someone who knows the ways of Washington and who could help govern starting on Day 1. And Ryan would be the crusader, who wants to substantially transform America’s entitlement programs and who would excite a good portion of the GOP’s conservative base. Indeed, Ryan has emerged a VERY REAL possibility, but he also brings the most risk. If Romney selects him, it’s more than conceivable that the dominant campaign discussion in the fall won’t be the economy — but rather the deficit and Medicare. Of course, there was already a good chance the Ryan plan will get plenty attention regardless of Romney’s VP pick.

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