Some are calling for reform in the Republican Party. Others are calling for more flexibility. Still others are calling for a scapegoat.

The Libertarian Party is seeking to take leverage the disappointment among Republicans as it prepares to build up its party before the 2012 election.

The Libertarian Party is America's third largest political party, founded in 1971 as an alternative to the two main political parties.

Following Sen. John McCain's 2008 presidential campaign, and the support of the massive bailouts by Republican members of Congress, the Libertarian Party is positioning itself as a replacement to the GOP as the party of free market advocates.

In a major blow to the Republican party, Sen. Arlen Specter is switching his political allegiances. A Republican since 1966, Specter said although he worked hard for the Republican party for more than 28 years, the party did not define his decisions on behalf of the people of the state of Pennsylvania.