Fred Thompson was the missing figure at the Republican debate in New Hampshire. The race is happening without him. I think that his delay in running will hurt him in two ways: First, he looks weak and disinterested and his delay just fuels speculation that he lacks the fire in the belly. The longer he stays out, the more people will question his work ethic and his heart for the race. Second, the more he lets suspense build, the more he will disappoint when he actually runs. He raises expectations and he will probably fall short of them when he has to appear, unscripted and without the stage makup and camera angles he gets on Law and Order.