Numerous preemptive obituaries are being written for Governor Rick Perry’s campaign. These efforts are premature because they fail to understand and appreciate the fickle winds of political fortune. Governor Perry has substantial political assets that make him a potent candidate and that will give him another chance to prove himself to Republican voters. Each candidate brings their own set of positives and negatives to the game: Mitt Romney has money to burn, establishment support, business experience, and passable debating skills. He also has a record far to the left of the majority of Republicans, a history of changing his position...