A thoughtful, calculating Trump concerned about his image and unwilling to throw away money on hopeless causes would have either positioned himself similarly to the way he did in 2000 or would have abandoned this campaign already, but Trump has done neither. This suggests that Trump may be no longer be able to exercise sound judgment and may in fact run for president, while still having little chance of winning. If that happens, the Republicans will have a big problem on their hands as the candidate who, even in this field,stands out for his weakness as a general election candidate, would be the only candidate with enough money to stay in until the end. If it is true that it is better to be lucky than good, than President Obama may find himself in good shape in November of 2012.