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I think he had/has a few major flaws.
These are in no specific order.
1. He is too radical. Everyone complains about wanting change, but very few people actually do want it. most people look around at their lives and if they have a decent house, a car and a decent job they are happy and they don't want to jeopardize that. you can do as Obama does and talk about change because his ideas are not too crazy, but Paul has some ideas that are little far out there for many.
2. A lot of people think he is full of shit. He can say anything he wants, but really he (and anyone running for president) is selling an ideal or a pipe dream. The president can say all they want about shutting down this and reforming that, but without the house and senate supporting them they aren't going to do much of anything. I think a lot of people see Paul's ideas as being unattainable.
3. I hate to say it, but he doesn't look the part. He looks like your grandfather. He looks like a guy you would want to talk to or go play bingo with, but not like a guy who runs the country. In the modern age looking the part is probably the single most important thing. You need look no further than Obama to see that. At the beginning of his campaign he didn't talk about any ideas or policies he would work on. he didn't take a stance on anything, but he spoke well and looks presidential and it made him a rock star.
4. This one might just be my own pet peeve, but his supporters are annoying. A friend of mine is a Paul supporter and whenever we start talking about political problems he pipes in and lets us know that Paul would fix that. They make it seem like Paul can and will do everything and he will make the government run better than it ever has and hearing them go on and on about internet groundswells and grass roots this and money bombs that just annoys me.
5. Many republicans don't see him as an actual republican. Getting the republican nomination is a game of trying to out conservative each other so the people on the far right will vote for you. He is way too much in the middle/left for anyone in the base to support him and that will doom you every time.
Anyway, these are just a couple of my thoughts on why he disappeared. maybe you could also say that it seems like he never spent any of this money he was famously raising. I haven't seen one ad or commercial for him, but my state is just voting this week and the republican race has long been over so maybe he did spend earlier on.
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