Iowa Results and Fallout

Dem Caucus
- Obama 38%, Edwards 30%, Clinton 29%, Richardson 2%

GOP Caucus
- Huckabee 34%, Romney 25%, Thompson 13%, McCain 13%, Paul 10%, Giuliani 4%, Hunter 1%
Note: Thompson edged out McCain in the number final number of votes each received, which gives Fred a third-place finish.

Last night was a spectacle to behold, really. While the GOP is smart to keep it simple and plain in their caucus (which really makes it more like a primary), it is notable that the Dems have a much more interesting way of going about their caucusing because it involves a lot more interaction and stumping by caucus-goers for their candidate.

- Clinton was destined to lose, here...but not by 9 percent. With New Hampshire a total dogfight between Obama and Clinton, Hillary has a lot of making up to do and only a few days to do it.

- Fred Thompson got the 3rd place finish that he needed to move forward with some momentum heading towards South Carolina (Fred isn't getting much in New Hampshire, and never really will). If Huckabee gets stomped in New Hampshire, that helps Fred...but also helps Mitt Romney in South Carolina. The next 2-3 weeks are key for Fred's campaign.

- Ron Paul polled a solid 10%, it will be interesting to see the effects that will have.

- Joe Biden and Chris Dodd both have dropped out of the running for the Dem nomination. Somewhere, Johnny Camacho is weeping gently over a piece of Biden's hairplugs.

- ABC has dropped Duncan Hunter, Mike Gravel, and Dennis Kucinich from Saturday night's GOP and Dem debates. The reason was due to the fact that none of the 3 met any of the requirements to debate. There are 3 requirements, and a candidate must reach one...those requirements are: Finishing 4th or better in Iowa, poll 5 percent or better in New Hampshire, or poll 5 percent or better in one of the major national surveys. This, combined with the dropouts of Biden and Dodd, leave 4 Democrats and 6 Republicans to debate on Saturday.