Would Sarah Palin run as a third party candidate in 2012. Sounds hard to think this way, with a number of Republican Party supporters that some believe would run as the Republican Party candidate in 2012. Starting to believe in a working theory that she may run as a third party candidate in 2012 with just a few major actions done by Palin. The Palin support of a third party candidate in the New York Twenty Third Congressional District that cost the Republican Party from winning a special election of a long established safe seat. The new book from Palin that is attacking the Republican Party 2008 McCain – Palin Presidential Ticket. Plus the building of the Tea Baggers that just registered in the state of Florida as a political party.