Hillary Falls In Iowa

A new Reuters/C-SPAN/Zogby poll released today shows Obama on top, with Edwards trailing by four, and Hillary Clinton back in third in Iowa.

What does this mean? It’s hard to say, Iowa polls have been all over the place, so the only thing we should take from this latest poll is that anything can happen. I’m still thinking that Obama is not going to come out on top, but if he does, it could be fatal to Hillary’s candidacy. If Hillary doesn’t win, she better hope that John Edwards comes in first, because an Edwards victory in Iowa, in my opinion, would hurt her less in New Hampshire. Both Obama and Clinton need to win Iowa to get some momentum over the other. If the perception of electability in the general election is as important to caucus-goers this year as it was in 2004, than I think that helps Edwards more than Hillary or Obama.

As for the GOP, I think Mitt Romney will come out on top. Huckabee may have been surging in the polls recently, but that may not make up for the fact that winning Iowa is a key part of Romney’s strategy and therefore he’s been building up a good operation on the ground that will be hard to overcome. If Romney doesn’t win the Iowa caucuses, he’s in trouble.

As for Huckabee’s surge, I don’t dismiss it, but one can’t ignore that since his surge, he was open to attacks and criticism that he largely avoided previously. He also comes across as less able to handle foreign policy, and he clearly appears to be the easiest GOP candidate for the Democrats to beat in November. If the perception of electability is as important to Republican caucus-goers as it is to Democrat caucus-goers, than John McCain and Mitt Romney should benefit the most… however, if Republican caucus-goers think Romney’s Mormonism will be a problem, than McCain experience the bigger boost.

What will be really interesting to see is McCain’s performance. If he can come in second place, it will be good shot in the arm for his campaign and an indication that the message in his recent ad campaigns have worked.

As of this moment, I’m thinking John Edwards and Mitt Romney will be the winners. The second and third place positions for both parties could go either way…