I’ve never been a fan of former Minnesota Governor Tim Pawlenty, but until this morning I didn’t take him for someone who would kick a friend when he’s down. Today’s breaking news is Pawlenty resigning as national co-chair of Mitt Romney’s presidential campaign in order to become CEO of the Financial Services Roundtable.

Pawlenty’s new position as the top lobbyist for big banks and insurance companies is “one of K Street’s most prestigious jobs,” according to Ian Swanson of The Hill.

Romney in a statement said he was sad to see Pawlenty leave his campaign.

“He’s brought energy, intelligence and tireless dedication to every enterprise in which he’s ever been engaged, and that certainly includes my presidential campaign,” he said. “While I regret he cannot continue as co-chair of my campaign, his new position advancing the integrity of our financial system is vital to the future of our country.” […]

“Few industries have more impact on the entire economy- and on the lives of average Americans – than financial services,” [Pawlenty] said. “I realize there is still work to be done to continue to earn customers’ confidence. Our members will best accomplish that goal by responsibly investing every day in our communities and job creators.

The Financial Services Roundtable represents 100 integrated financial services companies providing banking, insurance and investment products and services to the American consumer.

I have nothing profound to add, but I’m shocked that Pawlenty would pile on like this, rather than waiting another 48 days to announce his new job. The last couple of weeks have been terrible for Romney’s campaign. Most of the national and swing state polls released this week are not encouraging for Republicans. It’s too early for Democrats to celebrate President Barack Obama’s re-election, but clearly Romney needs to change the storyline quickly.

Pawlenty’s move reinforces the media narrative of Republicans like Senator Scott Brown of Massachusetts distancing themselves from a loser.