The fact that she has a core support among the far right scares the shit out of the republican party.
Many of the first primary elections are held in bible belt states. She will get some strong support in those states and could get some early wins and close second place finishes. If she does that it would build some momentum for her and it could force more moderate candidates who would have a wider appeal in the more progressive and moderate states and who would have a better chance in the general election to drop out. She may eventually end up not winning the nomination, but she could do as Huckabee did and stick around long enough that she drives out some of the other candidates and leaves a weaker candidate (or herself) as the last person standing.
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