By Justin Sink - 07/09/13 12:36 PM EDT
“If Gov. Perry decides to run for president, I think there would be three good reasons why he could be president: Texas is a big successful state, he’s a long term governor and … I can’t remember the other one,” Paul quipped.
"Commerce, Education and the — what's the third one there? Let's see," Perry said at the time.
Perry later acknowledged the gaffe — telling CBS News that he "stepped in it" — but his campaign was never able to recover. He later endorsed Newt Gingrich for the Republican nomination ahead of the South Carolina primary.