The Rise of Ron Paul

Dano in the following post discusses Gingrich's likely collapse and the benefit to Ron Paul. Ron Paul has long been my favorite Republican. In fact, I think he is better on war issues than almost all the Democrats. I am not a libertarian; far from it. A true libertarian begins with a belief in free will and I can't go there. But I also think that government largesse is distributed so unfairly that the poor may be helped if subsidies to the rich could be curbed. Anyway, as weird as Ron Paul is, I still prefer him to a Gingrich or a Romney.

Dano says:

Well, just after my last post, where I concluded that there was a good chance that Gingrich would emerge as the main alternative to Romney,Newt got hit with an avalanche of bad publicity about his work forFreddy Mac in the early 2000's. In a recent debate, a moderatorasked him what he did for Freddie Mac to earn $300,000, and Newt saidit was just advice "as a historian", that he told them they weremaking bad loans and that a bubble was looming. It turns out hewas paid $1.6M instead of $300,000, and the folks he spoke to atFreddy Mac say they remember no advice along the lines that Gingrichclaims. They said he was hired to help them state positions thatwould be Republican-friendly so that the then-Republican controlledCongress would not dismantle Freddy and Fannie.Freddy and Fannie are hated by the Tea Partiers, so when this sinksin, it is going to hurt him--pretty badly, I think. He was tryingto help Freddie survive Republican attacks, and he lied about itbesides that.It hasn't sunk in yet. The most recent polls in Iowa and N.H. showhim in a very strong second place in both, one per cent behind Cain inthe former and 2% behind Romney in the latter.So, I am back to the position that it looks like Romney if for noreason other than you can't beat someone with no one. It is 46 daysto the Iowa Caucuses, and 53 to the N.H. Primary. I don't know ifthere is even enough time for another candidate to become thenon-Romney. Now, Santorum is conservative enough to satisfy thebase and has no big flip flop problem. Jennifer Rubin in the Wapohas several times suggested that he might have an ascendency. He isalso not a bad debater. But Santorum has never been out of singledigits, mostly not even out of low single digits.Another man who warrants discussion is Ron Paul. His numbers areinching up. Now, he will never be nominated because he is out ofthe mainstream of the R party on a lot of issues, especially onforeign policy where he is a consistent dove. So, I have alwaysthought he would be irrelevant--getting his 10 per cent or maybe even15 or a little higher--never enough to win anything. Well, hisnumbers in some polls are starting to rub against 20. So, he mayfinish second in a lot of primaries; I say "a lot" because he will noteasily drop out. He has a cult-like following that keeps giving himmoney no matter what. So, he can run and run and run and run, andhe may keep finishing second a lot--might even eak out a win or twosomewhere.I'll stipulate that there is some wishful thinking here, but I amhoping he loses (he will) but he does so well that he gets pissed offand runs in the General Election as an independent or third partier.He did that before--Libertarian candidate in 1988. However, hisfollowing is much larger now. Paul believes in conspiracy theories,and is a little off balance, so I can imagine him working himself intoa lather with the idea that he was cheated out of winning by the REstablishment. If he were to do that, Obama would benefit greatly.One poll on this showed Obama beating Romney by 6 without Paul as athird partier but by 12 with Paul in the race.Paul would know that he would be hurting the R's, but I am not surethat would stop him. He dislikes the R's about as much as the D's.I have even noticed that he rarely criticizes Obama in the debates;rather, he criticizes the whole American status quo, and thus"everyone else." Now, the history of third party candidates is thatthey poll well early sometimes but their percentage usually drops byelection day, sometimes by a lot. But in the case of Paul, while hemight have some of that usual erosion, his cult-like backers aremostly going to stay with him. And they don't mind losing toomuch; they think they are on some mission which goes beyond 2012.That would be a real nightmare for the R's.Obama's prospects still look pretty decent to me, but I worry thatEurope may plunge the world into more economic distress, and it wouldbe hard to see him winning if the economy were even worse than it isnow.