I don’t know, I’ve read a few people who think she’s really planning to jump in
Let’s put it more generally. If Palin doesn’t run, then Bachmann will, and frankly, I’d be more afraid of Bachmann than Palin.
Romney’s big problems are that he’s a Mormon, (most Evangelicals consider the Mormons to be heretics, at best.) and that he’s a guy with four mansions who got that way by corporate raiding and putting working folks out of jobs.
You see, this is the underlying secret of the GOP. The GOP is the party of the wealthy. Once you realize that, as I have, you realize that as a working guy voting Republican makes about as much sense as a chicken voting for Colonel Sanders (Hense, my nom de plume). But they talk about guns and gays and Jesus and keep a lot of working folks voting against their own economic interests.
All that said, they can’t rub people’s noses in it by nominating guys who don’t at least APPEAR to resonate with the average Joe.
Also, I think you discount those early primaries. They have a snowball effect- No, wait, screw that metaphor, they have an effect like Lemmings. You win Iowa, everyone takes you a bit more seriously. They give you a second look.
Now, I think the reason why Huckabee wasn’t the nominee in 2008 was because people who really run things looked at the populist leanings and said, 'Hey, he can spout the Jesus stuff without signing on to the tax cuts for the rich stuff and win! YIKES!" Democracy might break out, and the 1% that owns half of everything will realize- they actually only have 1% of the vote. That’s why you had Limbaugh and the Club for Growth come down on this guy.
Palin could have a similar populist appeal, because really, she wasn’t rich until she cashed in. She and Todd had very blue collar lives . And although he is a pathetic shill, Limbaugh can’t get out there and now denounce her after praising her for three years.