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I think a Fred Thompson candidacy is now officially more likely than a Newt Gingrich candidacy. (I've expressed skepticism about Newt's intentions in this space before.)

But Thompson backed McCain in 2000; I wouldn't be shocked in the McCain people convinced him to do the same this year. (Apropos of that: I think Thompson's appealing personality has led people dissatisfied with the current crop to overstate his conservative bona fides somewhat.)