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I think it's great that he's standing. It will derail the Republican campaign in one way or another:

- The party establishment will have to bend the rules to oppose him, which will look strange. Seeing this already with Fox News and him being kicked out of debates/fundraising
- He's causing issues like immigration and political correctness to be a focus, which if other candidates are made to take a position on will cause loss of support (in either direction)
- If he stands as a third party, or drowns out more moderate candidates, it will make the resulting candidate unelectable.