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The Americans Elect flameout: Is there any hope for a third party?

Americans Elect spent $35 million to get a credible third-party candidate on the 2012 presidential ballot, round up 420,000 online delegates, and bring a new breed of independent, direct democracy to America's two-party system. Early Tuesday morning, the group said everything has gone according to plan, except for one small detail: They don't have a candidate. Monday at midnight was the deadline for the competing candidates to get enough online votes — at least 10,000 — to qualify for the group's online convention in June.
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