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Huckabee warns GOP not to underestimate Obama

Former Arkansas Gov. Mike Huckabee, who won the Iowa caucuses in 2008, warned Republicans in an interview on The View against underestimating President Obama in 2012, and says the party gave Obama a "gift" by taking back the House.

He said, of course, he believes he could you beat President Obama?

"I wouldn't run if I didn't think I could," he said, adding this: "I think it's going to be harder to beat Barack Obama than a lot of Republicans are thinking, because he is the president. He's going to have a $1 billion starting out in his war chest. There's an extraordinary advantage of an incumbent. And I'll tell you something else people don't think about -- divided government is good for the executive branch. The gift that the Republicans gave to him was that they're going to control at least the House of Representatives and they don't have, and he doesn't have a filibuster-proof Senate. What that means is that when the legislative branches fight, the executive always wins."

On whether he'll run, he said, "It's a decision I'll make later in the year. ... If people are sick of me, I probably won't do it." He again lamented the necessity of being a good fundraiser and having a solid field operation, and said he wouldn't get in unless he knew he would be in a very strong financial position.

"I'm not jumping into the pool, if it doesn't have water in it," he said.