So why does the LP consistently get more votes than the CP?
CP has been gaining ground on LP in every just about election cycle:
1992 VOTES PCT
Libertarian (Marrou)......................290,087 0.28%
Taxpayers (Phillips)...................... 43,369 0.04%
1996 VOTES PCT
Libertarian (Browne)......................485,798 0.50%
Taxpayers (CP) (Phillips).................184,820 0.19%
2000 VOTES PCT
Libertarian (Browne)......................384,431 0.36%
Constitution (Phillips)................... 98,020 0.09%
2004 VOTES PCT
Libertarian (Badnarik)....................397,265 0.32%
Constitution (Peroutka)...................143,630 0.12%
Truth be told, NEITHER party has much to brag about, but (taking to consideration that MANY of those years had a plethora of OTHER party candidate's stealing the "fire" so to speak -- Perot in 92 & 96, Buchanan in 2000, and Nader in 2000 & 2004 -- and that definitely affected other 3rd parties.
But even still, the CP has been gaining ground on the LP (which is down significantly from it's "peak" in 1980 when they drew NEARLY a million votes, and the only time they broached the 1% mark). Even Ron Paul only drew a bit over 400,000 and 0.5% in 1988 on the LP ticket.
And the CP's progress is even MORE impressive when you realize that the LP has ballot access in nearly every state, whereas the CP had only 36 states in 2004 (and has had to expend more effort just getting on the ballots.. and hence less on campaigning).
Despite all of the "big talk" about Barr getting 5% that seems VERY unlikely -- and even if he does breach 1% it will be more attributable to RP's run and Barr's oddball "noteriety" than it will be a vote of confidence in the LP (and besides, they've broached 1% before and then nearly faded away within a few cycles).
If the RPRevolution splits along the fracture lines I think it will, the the CP Baldwin has a MUCH bigger pool of voters (Evangelical Christians) than the LP Barr ticket does (Libertarians, Atheists, and ?). And if the CP improves it's ballot access in new states and draws a substantial portion of the RP supporters, they could feasibly gain a lot of ground, potentially overtaking the LP's spot.
So to my mind, it's kind of like buying stocks -- just because stock A was up 20% last year -- doesn't necessarily mean it won't "drop" 10% this year. It's all a gamble.
Cheers!