2012 Republican presidential possibilities (9 images)

A favorite of populists and libertarians everywhere, Texas Representative Ron Paul may not have the best chances in the world, but his role in the 2008 election proved that he does have an ardent group of supporters. Paul announced his bid in May, just days after revealing in a radio appearance that were he in charge, he would not have ordered the killing of Osama bin Laden.

Rep. Michele Bachmann, besides being the first Republican woman to be elected to the House of Representatives from Minnesota, is perhaps best known for her outrageous comments on homosexuality, intelligent design and the American Revolution. Bachmann says she's waiting until June to make an official announcement on her campaign. UPI/Roger L. Wollenberg

Minnesota Gov. Tim Pawlenty may not have the highest profile of these candidates, nor is he viewed as a particularly dynamic individual (some would go as far to say he's boring) but he announced his campaign May 23 anyway. His desire for a balanced budget (notice a theme here?) in Minnesota has won him praise, and he was potential running mate in Sen. John McCain's 2008 campaign. Pawlenty's team hopes voters will find him to fill the hole Mitch Daniels left in the race.

New Jersey Governor Chris Christie is a favorite of many insiders, including (according to anonymous sources) Fox News President Roger Ailes. Known for his no-nonsense style, Christie has won national attention for being tough on spending, public works projects and unions, but has been adamant on having no plans on running. UPI/Joshua Roberts/POOL