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University of Minnesota political science professor Larry Jacobs said special interest money could erode the IP's distinctiveness as well as its following. Jacobs said 2010 will be a critical year for the IP.

"Since 1998, when Jesse Ventura won, the Independence Party has not had electoral success," Jacobs said. "I think this is a critical election to figure out -- what is the role of the Independence Party? Is it kind of a protest vote party? Or is there a governing philosophy with some sort of potential to actually bring into practice?"

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