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2012 U.S. Presidential Election

Presidential long shots often win big after losing election

Presidential long shots often win big after losing election

Heeding the call of his own voice, celebrity developer Donald Trump announced Wednesday the formation of a presidential exploratory committee, flirting — again — with a contest he stands no chance of winning. His declaration, with a grandiosity that has become a Trump trademark, did nothing to change the dynamic of a quickening and increasingly competitive race for the 2016 Republican nomination. But in his loud, blunderbuss fashion, the attention-hungry Trump has underscored a growing phenomenon: Where long-shot candidates once ran to promote a cause — Eugene McCarthy, for instance, seeking to end the Vietnam War, or Steve Forbes pitching the flat tax — these...

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