John McCain predicts emergence of 3rd party

Senator John McCain

John McCain is back in the news adding to the conversation about the idea of a third party candidate emerging in the 2012 presidential elections.

Three years after losing his bid for the White House to President Barack  Obama, Sen. John McCain (R-Ariz.) is predicting the emergence of a third  political party that he is dubbing the ?Fed-Up Party.?
?Unless both parties change, then I think that it?s an inevitability. We  aren?t doing anything for the people,? McCain said Tuesday at the Reuters  Washington Summit. …
McCain also warned his colleagues in his own party that they  were not doing enough to address the concerns of struggling Americans.
?The party, I think, has got to be a lot more responsive to the plight of the  people,? McCain said, according to Reuters. ?I think we have to weigh in far  more heavily on the side of things like reforming the tax code. If we reform the  tax code, then many of these large corporations that paid no taxes last year ? maybe they would.?

The third party candidate idea is the most likely way for Barack Obama to win reelection in 2012. It is very unlikely Bill Clinton would have been elected in ’92 had Perot not taken 19% of the vote (Clinton recieved 43% and H.W. Bush 37%).