He lost to John McCain who had the support of about 30% of the GOP. In 2012, Romney had the support of about 20-25% of the GOP. His campaign did everything it could to prevent Paul delegates from having any influence at the convention. Ron Paul did not endorse Romney. He would have lost street cred if he had.
Ron Paul's campaign was one based on ideas. Attacking Romney or anyone is not compatible with that. In any case, Romney was going to be a loser. He was never ahead of Obama in the polls. Intrade proved he was a loser from the beginning. Naturally, the government stepped in and shut down Intrade after the election since it was contradicting the "horse race" model the media was portraying. Some of my close relatives voted for the GOP's "Old Yeller," despite my observation that it would be a wasted vote.
It is probably the case that Paul did not want to be accused of causing Romney's loss based on his attacking Willard, though I think libertarians should take credit. The message should be clear. Another "Old Yeller" will lose every time the GOP establishment fights a good chunk of the party to give him the nomination. The era of Reagan inertia is over. The number of people who will reflexively vote GOP is dwindling as they die of old age.
[F]orce can only settle questions of power, not of right. - Clyde N. Wilson
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