George H. W. Bush is Nominated as Vice Presidential Candidate by Reagan

Bush ended up losing New Hampshire's primary with 23 percent to Reagan's 50 percent.

Bush lost most of the remaining primaries as well, and formally dropped out of the race in May of that year.
With his political future seeming dismal, Bush sold his house in Houston and bought his grandfather's estate in Kennebunkport, Maine, known as "Walker's Point". At the Republican Convention, however, Reagan selected Bush as his Vice Presidential nominee, placing him on the winning Republican presidential ticket of 1980.

Ronald Reagan gives acceptance speech at Republican national convention tonight; picks George Bush to be his running mate; Bush downplays ideological differences between himself and Reagan.

Former Governor Ronald Reagan was the odds-on favorite to win his party's nomination for president after nearly beating incumbent President Gerald Ford just four years earlier. He won the nomination on the first round at the 1980 Republican National Convention in Detroit, Michigan, in July, then chose George H. W. Bush, his top rival, as his running mate.

July 16: At the Republican National Convention in Detroit, Bush receives a phone call in his hotel room from Ronald Reagan, asking him to be the vice presidential nominee. Bush accepts the nomination and Reagan's platform. In a joint press conference the following day, Bush says "I won't permit myself to get bogged down in trying to find or accentuate -- or permit you to make me accentuate -- differences that I had with the governor during the campaign because they had been minimal." To George Bush this is a statement of loyalty to Reagan. To Bush detractors, this statement signals a lack of firm convictions.