Rollins predicted that Palin would be competitive in Iowa and South Carolina. If she wins one of the three key early states — the other state being New Hampshire, which he thinks will go to former Massachusetts Gov. Mitt Romney — “she’d be in the game,” he said.

“I would argue at this point in time, with [Texas Gov. Rick] Perry not moving forward as much as people thought, she could jump in there and fill that void,” he said.

The most recent GOP debate in Florida was widely regarded as a fumble by Perry, who went on to lose the Florida Republican straw poll to businessman Herman Cain. Rollins noted that Cain always does well in debates, but likely won’t go on to win any of the early states.

“Perry was never known as a great debater,” Rollins added. “I would not count him out at this point.”