I would bet on the field over Palin, Romney, Jeb, or Huckabee right now. I think Republicans will want somebody "new" for 2012.
Their best strategy figures to be constructing a message that acts as if the world began when Obama took office. The last thing they'll want to do is discuss 2001-2008, and I think primary voters and Republican Party insiders will all figure that a "fresh face" will give them the best chance of pulling that off.
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