There has been plenty of recent speculation in the media about a possible third-party run for president by current Republican candidate Ron Paul. Whether Paul, or any other candidate, will make a third-party play against President Barack Obama and the Republican nominee this November remains to be seen. In the meantime let's look at some of the more creditable third-party presidential runs of the past one hundred years:
* Theodore Roosevelt (1912) -- A century ago the old "Bull Moose" founded the Progressive Party after a rift with his hand-picked Republican successor William Howard Taft. Roosevelt was upset with Taft for not continuing his progressive platform after he had left office. Roosevelt was so fired up that the former president decided to enter the 1912 race as the candidate for the new Progressive Party. Predictably Roosevelt split the vote and handed the election to Woodrow Wilson. Still, TR's 27 percent of the popular vote remains the high-water mark for third-party candidates still today.
* Strom Thurman (1948) -- Aside from being considered by many historians as the biggest upset in presidential election history -- incumbent Democrat Harry S. Truman beat Republican challenger Thomas Dewey -- this election was famous for Thurman's State's Rights (or Dixiecrat) Party. The Dixiecrats were white Southern Democrats who deplored the moves that the Truman Administration were making toward desegregating the South. They formed their own party and chose Thurman to run against Truman and Dewey. Thurman won four Southern states and 39 electoral votes and managed to get 2.4 percent of the popular vote.
* Ross Perot (1992) -- The Texas pro-business billionaire decided to throw his hat into the ring as an Independent candidate in the 1992 election. Concerns about the state of the economy, and a general distrust-as always-of Washington insiders, helped fuel a surge of support for his candidacy. In May, six months before the election, Perot was actually polling ahead of the incumbent Republican George Bush and Democratic challenger Bill Clinton. In the end Perot captured nearly 20 million votes and almost 19 percent of the electorate.
* Ralph Nader (2000) -- This was Nader's third run for president and, while his ultimate vote count was modest (about 2.8 million total votes and 2.73 percent of the electorate) his presence on the ballot might have proven to be monumental. That's because Nader took part in one of the closest presidential elections in U.S. history between Democrat Al Gore and Republican George W. Bush. Many have suggested that, had Nader not been in the race. Gore, who actually won the popular vote, would have captured enough electoral votes to win the White House.
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