For a Representative Republic, I Don't Feel Very Represented

Over at reason online they have an article in which Libertarians weigh in on Barack Obama. While I really like the libertarian view of Life , Liberty, Property, and their free enterprise economic philosophy, I am readily hesitant with the foreign policy and "freedom extends to everything including illicit drugs" mentality. Truthfully I would like to see a new party emerge that is a good mix of libertarian, republican thought. After all I am not at all pleased with the Republican party. Do what you say you believe Repubs!! It seems to me that the independent voter, or 3rd party supporter are anti GOP, not because of ideological differences, but rather as punishment for being hung out by the GOP these last 8 years.

I can put up with some liberalism as long as government is smaller and I have more economic freedom. And allowed to carry a gun.
I don't see any candidate that favors these tenets, with exception of McCain's supporting gun ownership freedoms.

From the article "Is There Any Hope For This man" at reason online (Richard Epstien)

The Obama campaign is rich in contradictions for those who approach
politics as defenders of strong property rights and limited government. On the
positive side, I applaud Obama for showing a willingness to improve the
procedural protections afforded to persons detained at Guantanamo Bay, and to
cut back on the hostility toward immigration into the United States. And I hope
that on key matters of race relations, he would be able to defuse many lingering
historical resentments.
Unfortunately, on the full range of economic issues,
both large and small, I fear that his policies, earnestly advanced, are a
throwback to the worst of the Depression-era, big-government policies.
Libertarians in general favor flat and low taxes, free trade, and unregulated
labor markets. Obama is on the wrong side of all these issues. He adopts a
warmed-over vision of the New Deal corporatist state with high taxation, major
trade barriers, and massive interference in labor markets. He is also
unrepentant in his support of farm subsidies and a vast expansion of the
government role in health care. Each of these reforms, taken separately, expands
the power of government over our lives. Their cumulative impact could be
devastating.

I think government has gotten so big like cancer that has
metastasised there is no way of getting rid of it completely (and keep
the good cells). The only hope is to keep in check and hope it
doesn't kill us.