Does Second Place Matter?

Noah Millman nods:

If Romney gets the nomination and loses, whoever hangs in and fights him for the nomination over the long haul, assuming they aren’t wildly unacceptable to the party establishment, will automatically be in contention for 2016. Ron Paul is wildly unacceptable to the party establishment; Gingrich, for different reasons, probably is, too. But Huntsman, Santorum and Perry aren’t. No one should assume that if they lose this time around, they are gone. That’s not the way the GOP works.