A Republican leader will appear in due time. They’re all keeping their heads low right now, waiting to see which way the wind blows. This is the way it always works for the ‘out party’ at about this point in the election cycle.
After the mid-term elections, the campaign season for the Republican nomination will start up. The election itself will tell Republicans what the party faithful are looking for.
Right now, these are the people that have to be considered the most likely candidates:
Sarah Palin
Her prime advantage is that she can raise more money than any of them. She’s hugely popular with the tea party movement (or at least, with about half of it). But she’s got huge liabilities - leaving the governorship damaged her chance to build real credibility, and she’s a polarizing figure and doesn’t do well in interviews. I suspect her role for the next election will be more as kingmaker - using her popularity and PAC money to help people get elected. She may be looking for a cabinet position in a Republican administration, with the intent to revisit a presidential run in 2016 or 2020. But you never know with her.
Mitt Romney
I think he was hurt by his association with Massachusetts health care, but Romney still has to be considered a front-runner - especially if the economy is still in the tank and the fiscal situation is exploding. At that point, people will want someone with executive experience and a proven ability to work in a crisis, and Romney’s got that. I still think he’ll be a serious contender.
Mike Huckabee
I think he wants to run again, but I think he’s part of the wrong side of the Republican party, and that will damage him. He doesn’t like the tea party much, and they don’t like him much. He’s more of a George Bush ‘compassionate conservative’ with religious-right leanings, and that’s just not where the new conservative movement is.
Newt Gingrich
Always an enigma. Newt is smart, and always has lots of interesting ideas, but he’s got a terminal case of foot-in-mouth disease. Still, I think he’ll be a player. If not a candidate, he’ll be in the fight, promoting his ideas. His biggest problem may be fundraising. I have no idea who his real constituency is.
David Petraeus
He looked like a good candidate in 2008. Whether he still looks like a good candidate in 2012 is going to depend on how the war on terror is going and what his political positions are. We don’t know if he’s a moderate or a conservative, a libertarian or a social conservative. And we don’t even know if he wants to run. But he’s a serious figure and you have to keep your eye on him.
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Bobby Jindal**
He’s been touted as the best of the new generation of Republicans, but he did real damage to his cause with that lackluster speech he gave a couple of years ago, which made him look either like a kid or a deer in the headlights. Still, he’s very smart, fairly young, and could still be a player.
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Jeb Bush**
The smart Bush. The one his entire family thought would be president one day. The conventional wisdom is that his career aspirations were seriously damaged by ‘Bush fatigue’, and that the last thing the country wants is another Bush. But time has a way of changing things, and he shouldn’t be counted out.
But my bet is on none of the above. I think you’ll see someone come out of the woodwork this time - perhaps some heavy hitter from the business sector like Fred Smith, Jack Welch, TJ Rogers, or perhaps one of the new breed of internet entrepreneurs with a billion dollars in cash to spend.
There are no doubt a number of people in the House and Senate who will be thinking about a run - maybe someone like Eric Cantor or Paul Ryan, or an up-and-coming hotshot like Marco Rubio (who’s still too young - but watch out for 2016 if Obama is elected again). Perhaps one of the heavy-hitters in the right-wing blogosphere or punditry will give it a shot - someone like Victor Davis Hanson. Or maybe we’ll see someone from Hollywood take a shot at it - more and more people in Hollywood are coming out as conservatives.
Then there are the female candidates besides Palin. Michelle Bachmann is popular with some, but says too many crazy things to survive a presidential campaign. But Liz Cheney is very smart, very conservative, and she more than holds her own on the various round table discussions and panels. She’ll be 46 years old in 2012 - a little young, but within the electability band. She’s a lawyer, she worked in the State Department as an assistant Secretary of State, and she’s been involved in political campaigns her entire life. She’d also have a very powerful father working for her behind the scenes.
So my dark horse pick at this point would be Liz Cheney. But my most likely pick is none of the above.