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Both Obama, McCain start seeking No. 2

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Last Thursday, word broke that Obama had tapped Jim Johnson, the former Fannie Mae CEO, to lead a team vetting a long list of candidates. The choice itself is telling: Mr. Johnson is a consummate Washington insider who played a similar role for Sen. John Kerry in 2004 and Walter Mondale in 1984.

Names mentioned for the Obama ticket range from Sen. Joseph Biden Jr. and former Georgia Sen. Sam Nunn – both foreign-policy sages – to governors like Kathleen Sebelius of Kansas, Janet Napolitano of Arizona, and Tim Kaine of Virginia. Also on some lists are Sen. James Webb of Virginia, a Marine and former Republican and Navy secretary, and Sen. Claire McCaskill of Missouri, an early Obama backer from a key swing state.

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