Most news organizations have called the Iowa caucuses – and high expectations has left bruises on early favorites Mitt and Hillary.
On the GOP side, former Arkansas Guv Mike Huckabee was cruising to a win by a large margin — nearly 10 pnts ahead of Mitt Romney.
For the Dems, Barrack Obama posted an 8-pnt with, with Hillary and John Edwards in a virtual tie for 2nd/3rd place.
This has got to be seen a blow to former Massachusetts Governor Mitt Romney, who spent millions trying to secure a big win here. Instead, his reported $7 million looks to net him only 7 delegates – that’s a million bucks a delegate (nomination requires 1245 delegates — you do the math.)
It’s also a blow to Hillary — who was an early front-runner and thought to be invulnerable…it still remains to be seen if she’ll even squeak by John "million dollar hair-cut" Edwards.
With Californians starting to vote by mail on Monday (around 50% of votes are projected to be vote-by-mail) and the NH primary on January 8, the news of two front-runners taking a nose-dive could shake things up a bit more…
…and while Giulini finished far back in the pack, his campaign never put much into the early caucases or primaries, so the expectations game doesn’t impact his campaign until the big February 5th showdown.