Thompson Dud?

I had previously considered Fred Thompson the likely Republican nominee, but after seeing a speech of his on C-Span, I'm having my doubts. He presented no rationale or distinguishing factor for his candidacy. There were no red meat lines. The only thing he got mildly excited about was states rights, and while that's always been a conservative hobby-horse, I doubt it's something he can ride to the White House.

McCain is fatally wounded; Giuliani is a disaster waiting to happen; Thompson is going to be a dud. Something tells me Romney's going to get the nod. Look for giant flip-flops at the Democratic convention.