Speculation abounds on Indiana governor Mitch Daniels‘s potential presidential run, but perhaps the “will he? won’t he?” discussion about Daniels has overshadowed another Hoosier with aspirations for 2012. Representative Mike Pence recently beat former Arkansas governor Mike Huckabee in a Values Voters straw poll. And The Fix looks at how a Pence campaign might play out.

Pence was rumored as a possible 2008 contender, and is gaining buzz for 2012, but doesn’t yet have the same national profile as Huckabee or Mitt Romney. If Sarah Palin runs, Pence, Huckabee and Romney may not stand a chance, since Palin will draw social conservatives and Tea Partiers, says Chris Cillizza of The Fix. But if Palin stays out of the race, Pence, Huckabee and Romney will have a better chance at the nomination, though they will fight for social conservatives. Pence may also appeal to fiscal conservatives and Tea Partiers more than Huckabee and Romney.

The repmikepenceforpresident.com domain has been registered, but any Presidential run is pure speculation at this point. Given the crowded field in the 2008 GOP primaries, the party may be looking for a clear frontrunner early on.