Jon Huntsman is the most electorally dangerous Republican in America.

The former Governor of Utah will not win his party’s nomination in 2012, despite the fact that he has assembled a strong campaign team, raised money and undertaken a vigorous and professional campaign schedule. He was never supposed to win now, but he will very likely be the Republican nominee in 2016 and stands a good chance of winning the general election.

With the official entry of Rick Perry into the 2012 contest, the Republican field has crystallised; it’s hard to imagine any other major figures getting involved at this point. As I’ve written here before, Perry appeals to social conservative and economic conservatives alike, and with Michele Bachmann already competing for the former and Mitt Romney for the latter, there isn’t much space left.

All of this should suit Huntsman fine, although he probably hoped for a bit more national attention than he’ll likely receive before gracefully bowing out after either the South Carolina or Florida primary.In any case, he’ll be back.

Huntsman has private-sector experience from his father’s company, Huntsman Corporation, has served in four Presidential Administrations, and enjoys a reputation as a skilled conservative technocrat. As Governor, he significantly cut taxes while maintaining a balanced budget during his tenure. Utah was named the best-managed state in the country by the Pew Center on the States. Some of this was the result of unusual managerial practices, such as his experiment in reducing the work-week of state employees from five days to four longer ones, which, though recently rolled-back, appears to have been a success. His policies resulted in Utah being voted one the best states in the country to do business (another way of saying it has low taxes and few regulations) after his departure.

Huntsman’s broader appeal is that understands the limitations of his own party; he has in the past described the GOP as “devoid of ideas”, while his political right hand, John Weaver, talks about the liability of Republicans being seen as angry or cranky (as a former advisor to John McCain, Weaver would know).

As Governor, Huntsman supported civil-unions for same-sex couples, a striking position in a conservative state and one of the few occasions when a prominent Republican has been ahead of the curve on gay rights and not at the back end of it, dragging his feet and screaming blue murder. He has supported measures to curb global warming, also a position counter to GOP dogma (Perry, by contrast, has alleged that global warming is nothing more than a ruse proposed by Al Gore and others to cover up global cooling).

This does not make him the candidate for 2012, however. Republican voters are angry, Huntsman is not, and that would probably be enough to sink him on its own. He also served in the Obama Administration, as Ambassador to China, and shares a mutual respect and esteem with the President. These are crimes for which GOP primary voters are unlikely to forgive him just at present. His national name-recognition is also comparatively low – he’s been in Beijing for the last few years, rather than New Hampshire or Iowa – which is a particular handicap in the presidential primary of a party that goes with who it knows.

Give it four years, though. The Republicans won a major victory in 2010, two years after a Democratic tidal wave,in large part because voters were terrified for their economic future and in a blisteringly anti-incumbent mood. That fear persists, as does the anti-incumbent feeling, but it has managed to paper-over a grim reality that Huntsman himself acknowledges – despite the best efforts of Paul Ryan (or perhaps because of them), the Republican Party is still devoid of ideas.

For example, Medicare and Social Security are the third-rail of American politics; mucking with the former had devastating consequences for the Republican Congress of 2004/2005, and a failed attempt to privatise the latter made a lame-duck of the Bush Presidency around the same time, yet Republicans in debt-ceiling negotiations and budget talks have revisited both of these subjects while absolutely refusing to rescind the Bush tax cuts, which benefit the wealthiest Americans. Everyone associated with the debt-ceiling negotiations took a hit, but it seems at the moment that whoever wins the GOP nomination will inherit the party more tarnished by this process.

Although Obama is more vulnerable now than before, he has fared better than the Republicans coming out of the debt-ceiling deal, and maintains a high likability rating, which matters in re-election – voters give the benefit of the doubt to people they like. The result is that, for all its energy and anger, the GOP may emerge from 2012 having failed to win the White House or even improve its position in the House and Senate.

Unable to win on the anger of its base, the GOP would be forced to find a leader who could appeal to moderates, a standard-bearer not overburdened by dedication to an ideology twice-rejected in presidential contests or so culturally conservative that moderates are alarmed.

Enter Huntsman. Primary voters will know him because he’ll have run before, and will have demonstrated his ability to campaign professionally and to raise money. For GOP voters, he has tax-cutting and anti-regulation credentials, and has a libertarian streak that will serve him well on issues like gun control; his only real liability, as with Romney today, would be his Mormon faith, still regarded with some suspicion by many evangelical Christians. He will have been several years removed from his service to the Obama Administration, which will make things easier with Republicans, but will still be an expert on the relationship with China, an increasingly fraught political issue in the US.

For voters in the general, his cool rationalism and avowed dedication to finding policies that work, rather than meet a strict ideological code, could be a welcome relief in a Republican candidate, while his comparative flexibility on social issues (also in keeping with his libertarian streak) will be a real asset. He could very credibly run as a different kind of conservative.

Today is not Huntsman’s day, and he’s smart enough to know it; this race is about establishing his national profile. When he gives his concession speech after South Carolina or Florida, though, remember – this man, of all the candidates, is most likely to be the next Republican President of the United States.