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Republican Party - Grand Old Party(GOP):
The Republican Party is one of the two major contemporary political parties in the United States, along with the Democratic Party. It is often referred to as the Grand Old Party or the GOP. Founded in 1854 by anti-slavery expansion activists and modernizers, the Republican Party quickly surpassed the Whig Party as the principal opposition to the Democratic Party. It first came to power in 1860 with the election of Abraham Lincoln to the presidency and presided over the American Civil War and Reconstruction. Today, the party supports a neoconservative platform (from an American political perspective), with further foundations in supply-side fiscal policies, partial government ownership of the financial industry, and social conservatism.
The Republican Party is currently the second largest party with 55 million registered voters as of 2004, encompassing roughly one-third of the electorate. The current U.S. President, George W. Bush, is the 19th Republican to hold that office. Republicans currently fill a minority of seats in both the United States Senate and the House of Representatives, hold a minority of state governorships, and control a minority of state legislatures.
The party's nominee for President in the upcoming 2008 election is Senator John McCain of Arizona, and the party's nominee for Vice-President is Governor Sarah Palin of Alaska.
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