Desroko said: Chris Matthews keeps insisting that McCain's 12% finish is a victory. WTF? Huckabee finished with well over a third of the vote. |
McCain spent little time or money in Iowa, essentially ceded the state to his rivals, AND came out agains ethanol subsidies (which is like coming out against gambling in Nevada).
Currently no one expects Huckabee to be able to carry this win through to the nomination (though no one expected the Iowa win either), as he had an advantage in demographics (over 50% of the Iowa caucus voters are evangelicals), and is seriously lacking in funds and organization. That's going to make it very difficult for Huck to compete in this severely compressed primary season (or at least that is the conventional wisdom).
The way things had been going lately, McCain was surging in New Hampshire and national polls (just today? one poll finally had him ahead of Giuliani nationally). With Rudy a non-factor until Florida, Mitt was McCain's biggest obstacle. He is from NH's neighboring state and is expected to have a "home field" advantage, and of course he is the best funded of the remaining candidates. Mitt's loss in Iowa now makes a McCain win in NH more likley (though Obama's win makes it less so, as he could siphon off the independent NH voters that gave McCain the win in 2000). A loss in Iowa and New Hampshire completely obliterates Romney's strategy to win, and seriously undermines his credibility, given the money he has spent. With Rudy sinking, Mitt flailing, and Thompson and Hunter likley to drop out, there will be plenty of voters up for grabs, and McCain is by far the most popular "second choice" candidate. That opens the door for McCain to use the NH victory to create a "concensus" coalition of GOP voters to take the nomination.