A new Pew Research survey shows that a third-party campaign by Ron Paul would clearly work to President Obama's advantage: In this scenario, Obama would receive 44%, Mitt Romney would get 32% and Paul would get 18%.
In a two-way general election match up, Obama receives 50% while Romney gets 45%.
"Paul has repeatedly said he is not contemplating a third-party run, but has not ruled it out. While most of Paul's backing in a three-person race comes from independent voters, they are independents who disproportionately lean Republican."
Meanwhile one of Newt's super PAC's release this mother
And a bonus quote...
"President Obama has faced the starker version of what happened to me in the '94 elections, where things were getting better, but people didn't really feel it."
-- Bill Clinton, in an interview with Esquire.

That was just a scrape though