[pete fabrizio]

Mitt is a co-favorite because Guiliani is pro-choice and because McCain once compared Pat Robertson to Louis Farrakan. Fred Thompson will be a big favorite if he decides to run, since he's got a lot of personality and he's pro-life for real. If there's good value in the Republican field, I think it's Chuck Hagel at .8-1. He's articulate, telegenic, and very conservative on social issues. Even before Bush was elected, he was considered a potential successor, even though he was a bit of a "Maverick." The only reason he's priced so low is because a lot of republicans are mad at him for being so sharply critical of Bush over Iraq. But if the republicans get their act together, they may realize that his opposition to this super-unpopular war could be a huge asset.