Updated

If Gov. Rick Perry, R-Texas, enters the 2012 fray, it would transform the GOP presidential race according to a pair of bipartisan strategists. Former George W. Bush press secretary Dana Perino and Democratic strategist Joe Trippi, both Fox News contributors, said a Perry candidacy would give the race a new look during a discussion with Chris Stirewalt on Thursday's Power Play Live.

You can see video of that discussion below and go to http://live.foxnews.com each weekday at 11:30 a.m. EDT to watch Power Play Live.