I'm not very political. Unlike the rabid who believe political salvation is possible for the United States, I believe if the "Elders of Israel" are going to have any effect on the Constitution, it will not be through litigation, legislation or elected office. It will be through preaching the Gospel and converting Americans to the truth. When people agree on fundamental principles, they will elect to office those who reflect those fundamental principles. But you don't elect someone whose values are alien to a corrupt population and thereby "save" the population. If you want to have a lasting effect on the government, preach the truth and convert people. If you want to occupy your time in a temporary effort, then push a single candidate in an election.
I believe it is good for Mormonism to have two LDS candidates running for the Presidency who disagree with and criticize one another. It is good to have the leader of the US Senate be a Democrat. It is good to have radio personality Glen Beck criticize and disagree with Mitt Romney. One of the fears inspired in others by Mormonism is the apparent monolithic appearance of the faith. These public splits among the Saints shows there is intellectual flexibility on political matters, which gives hope to non-Mormons that an LDS leader can be persuaded by something other than their religious affiliation. I believe that is a good thing.
I also believe the church is subject to the government, and not the government subject to the church. Our scriptures declare: "We believe that governments were instituted of God for the benefit of man[.]" (D&C 134: 1.) In the same section, "We believe that all men are bound to sustain and uphold the respective governments in which they reside, while protected in their inherent and inalienable rights by the laws of such governments; and that sedition and rebellion are unbecoming every citizen thus protected, and should be punished accordingly; and that all governments have a right to enact such laws as in their own judgments are best calculated to secure the public interest[.]" (Id. v. 5.)
Perhaps more importantly, we declare as a matter of scripture that government should not have religious influence mingled with political power, nor to benefit one religion over another: "We do not believe it just to mingle religious influence with civil government, whereby one religious society is fostered and another proscribed in its spiritual privileges, and the individual rights of its members, as citizens, denied." (Id. v. 9.)
Also, as an Article of Faith, the church has adopted the following statement: "We believe in being subject to kings, presidents, rulers, and magistrates, in obeying, honoring, and sustaining the law." (12th Article of Faith.) This is so absolute a proposition that the church surrendered what it claimed to be a duty imposed by God once the law of the land required it. "Inasmuch as laws have been enacted by Congress forbidding plural marriages, which laws have been pronounced constitutional by the court of last resort, I hereby declare my intention to submit to those laws, and to use my influence with the members of the Church over which I preside to have them do likewise." (OD 1: Paragraph 4.) In other words, the rule of law required submission, even in the face of doctrine declaring otherwise. There is no question the US Government commands the LDS Church's submission.
I believe the submission to government to be so doctrinally established, that if a Mormon were elected President of the United States, he would "preside" over the church's President. This is not just a New Testament principle (Titus 3: 1), but also a matter of Latter-day revelation, as well. (D&C 58: 21-22.) This is so compelling a point that, if there were a General Conference at which a sitting LDS US President attended, correct doctrine would require the announcement that the US President was "presiding" at that Conference, rather than the church's President. The church's President is "sustained" by the members of the church alone; while the US President is "sustained" by the entire nation to which the church is subject.