I occasionally read the blog Reach Upward , since I enjoy the political commentary. Today he asked "Why are some Mormons Afraid of an LDS President?" (Note: below I'm speaking hypothetically, I'm not implying anything about Mitt Romney.)
I'm not worried about what the news outlets might say about the LDS church during the campaign. The church is in the spotlight a lot and I don't think this will do any lasting harm. I'm just a little worried that after a campaign where religion ends up playing a big part, the candidate will be accused of something illegal (bribery, improper use of funds....) or obviously against the teaching of the church (has an affair with an aide...) and that this will reflect poorly on the church. Or that people might confuse the candidate's political stances with the stances of the church.
I'm all for good, honest people running for office and hope that if a member of the church runs, he or she falls into that category.