If true Palin will go 3rd party and I will join up. That would be the death of the GOP. I do not believe this is true. Even the GOP is not that stupid.
No, there won’t be a 3rd party.
What there will be is a shift among GOP voters. Any GOP candidate that is seen as a “politician” (Romney, Pawlenty, even Perry) will be dead as voters realize they can’t even trust the conservative politicians to stand firm.
Bachmann, Cain, even Paul will pick up significant support.