I recently recently that the likely winners of their respective primaries are the most establishment of the candidates...Hillary Clinton and John McCain. The Times just confirmed that belief:
It is unfair, especially after seven years of Mr. Bush’s inept leadership, but any Democrat will face tougher questioning about his or her fitness to be commander in chief. Mrs. Clinton has more than cleared that bar, using her years in the Senate well to immerse herself in national security issues, and has won the respect of world leaders and many in the American military. She would be a strong commander in chief.
[...]As strongly as we back her candidacy, we urge Mrs. Clinton to take the lead in changing the tone of the campaign. It is not good for the country, the Democratic Party or for Mrs. Clinton, who is often tagged as divisive, in part because of bitter feeling about her husband’s administration and the so-called permanent campaign. (Indeed, Bill Clinton’s overheated comments are feeding those resentments, and could do long-term damage to her candidacy if he continues this way.)
We know that she is capable of both uniting and leading. We saw her going town by town through New York in 2000, including places where Clinton-bashing was a popular sport. She won over skeptical voters and then delivered on her promises and handily won re-election in 2006.
Here's their logic for endorsing McCain:
[...]there is a choice to be made, and it is an easy one. Senator John McCain of Arizona is the only Republican who promises to end the George Bush style of governing from and on behalf of a small, angry fringe. With a record of working across the aisle to develop sound bipartisan legislation, he would offer a choice to a broader range of Americans than the rest of the Republican field.
We have shuddered at Mr. McCain’s occasional, tactical pander to the right because he has demonstrated that he has the character to stand on principle. He was an early advocate for battling global warming and risked his presidential bid to uphold fundamental American values in the immigration debate. A genuine war hero among Republicans who proclaim their zeal to be commander in chief, Mr. McCain argues passionately that a country’s treatment of prisoners in the worst of times says a great deal about its character.
Why they didn't endorse Giuliani. I kind of agree with this reasoning:
The real Mr. Giuliani, whom many New Yorkers came to know and mistrust, is a narrow, obsessively secretive, vindictive man who saw no need to limit police power. Racial polarization was as much a legacy of his tenure as the rebirth of Times Square.
Mr. Giuliani’s arrogance and bad judgment are breathtaking. When he claims fiscal prudence, we remember how he ran through surpluses without a thought to the inevitable downturn and bequeathed huge deficits to his successor. He fired Police Commissioner William Bratton, the architect of the drop in crime, because he couldn’t share the limelight. He later gave the job to Bernard Kerik, who has now been indicted on fraud and corruption charges.
The Rudolph Giuliani of 2008 first shamelessly turned the horror of 9/11 into a lucrative business, with a secret client list, then exploited his city’s and the country’s nightmare to promote his presidential campaign.
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