Pawlenty will join Romney's campaign as national co-chairman.
Former Republican presidential candidate Tim Pawlenty endorsed Mitt Romney for president Monday, announcing on Fox News that he would join the former Massachusetts governor's campaign as national co-chairman.
"I think he's going to be a transformational and great president for this country," Pawlenty told "Fox & Friends." Watch the interview »
The endorsement was the latest development in a race where Romney is losing traction as the GOP front runner. A CNN poll released over the weekend found that in terms of 'electability,' Romney had been outpaced by Texas Governor Rick Perry, who won the support of 30 percent of Republicans and right-leaning independents, compared to Romney's 18 percent.
In a statement on Romney's campaign website, Pawlenty said Romney "possesses the unique qualifications to confront and master our severe economic predicament." He went on to write:
Having served as Governor of Massachusetts, he turned that state’s budget around from deficit to surplus while simultaneously cutting taxes, but that is not the full measure of what he will bring to the Presidency. His time in government was a moment of service - a way to give back to our country—following a distinguished career in the private sector, where he launched companies and turned around troubled ones.
The union between Pawlenty and Romney is an awkward one: While still in the running for the Republican nomination, the man many call "T-Paw" coined the term "Obamneycare" in an attempt to connect Massachusetts' health care reform, which happened under the Romney's governorship, with President Barack Obama's national reform.
The New York Times reports that the endorsement may be a way to bolster support for Romney ahead of a Republican debate tonight in Tampa, Florida, where the two will likely go head-to-head on an issue the two diverge on: Social security.
Perry has been highly critical of the entitlement program, going so far as to call it a "Ponzi scheme." Romney's campaign, meanwhile, has been distributing fliers accusing Perry of planning to "kill Social Security."
Monday's debate is being hosted by CNN and the Tea Party Express, and will be held from 8 p.m. to 10 p.m.