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Why Form a Presidential Exploratory Committee?

The term "exploratory committee" may sound like something that Queen Isabella formed before sending Christopher Columbus on his journey to discover America. But it's not.

Exploratory committees are something that Republican presidential candidates have begun to form as they consider whether to run for their party's presidential nomination in 2012. Mitt Romney and Ron Paul have formed them.  Sarah Palin hasn't yet. She says it's too early.

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