After the Iowa caucus, many candidates will have to admit their adolescent aspirations for president are both absurd and financially unfeasible. But before they go back to political obscurity, we’re taking a quick look at a few of the wackos who want to rule the free world this week.

Who: Tom Tancredo

Current Job: Republican Representative from Colorado.

Currently Polling: 3% [CNN]

Why You Should Be Happy About His Poll Numbers: He’s a little bit racist. He recently boycotted the Univison Republican debate because: “It is the law that to become a naturalized citizen of this country you must have knowledge and understanding of English, including a basic ability to read, write, and speak the language … So what may I ask are our presidential candidates doing participating in a Spanish speaking debate? Pandering comes to mind.”

TV Campaign:

Probably not too many Latinos were included in the focus group for that spot.

New York Times Mentions Since 2007: 23, starting on November 27.

The Good News: He’s not running for reelection in the House.

The Bad News: He's probably going to run for Senate in 2010, if—if—the whole presidential thing doesn’t work out.