John Nance Garner, FDR's first VP, said the vice presidency "wasn't worth a warm bucket of piss." If Biden was to serve as VP in a Romney administration, I'm sure he'd agree with Garner's assessment. I don't think Romney would let him do anything, except go to funerals, with the agreement that he wouldn't talk.
Originally Posted by joe bloe
Honestly, it might not be the worst thing that ever happened. Think about it this way: The Vice President of the United States is a largely ceremonial office. Other than casting a vote to break a tie in the Senate, he has no constitutional duties at all. So if Romney wanted to, and if Biden was agreeable, they could get together on a few things that both parties agree on, and actually get something done.
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Remember, this isn't such a far-fetched idea. The framers of the Constitution had the runner up in the Presidential election become the Vice President at the dawn of our country. The theory was that they'd put partisan politics aside and work together for the good of all. Now obviously it's too much to expect that this would work in the long run, but for a select few issues in a short period of time, it might at least have a fighting chance.
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Also, consider this: Joe Biden is smart enough to know that regardless of what happens with Obama this election, Biden's not going to be the Democratic nominee in 2016. But put Biden as Romney's VP and he has a chance to show that he can work with the Republicans; it would be the coup to end all coups. Biden could position himself as the presumptive nominee of the Democratic party in four years, and he'd be able to trumpet the fact that he worked with Romney to make significant changes.