Ringside Seat

“The Republican Party has gone insane,” influential conservative commentator Erick Erickson wrote this morning. He was referring to GOP’ers support for Mitt Romney and Newt Gingrich, despite those candidates’ one-time backing of individual mandates to buy health insurance—a cardinal sin for conservatives. But he might just as well have been talking about the Republican nomination race writ large, which has turned into a political version of Pick Six. Fifteen days before the Iowa caucuses, the Gingrich bubble has burst, his support dropping by half. Ron Paul is leading in Iowa now—unless, of course, he’s actually already lost. Romney is the inevitable nominee again—though a few days ago he was a dead man walking. Perry and Bachmann and Santorum are all sneaking up on the frontrunners in Iowa, while Jon Huntsman is climbing in New Hampshire. 

Everyone’s a winner!

So They Say

“We posed for a picture, just celebrating the fact that we had raised a lot of money and then we hoped to be able to return it with a good return.”

Mitt Romney, explaining the infamous Bain Capital cash-flashing photo on Fox News Sunday

Daily Meme: Planet Newt Crashes to Earth

What We’re Writing

  • Scott Lemieux says GOP candidates are missing the point when they rail about the federal courts.
  • Patrick Caldwell reports that Iowa’s GOP elite won’t be pleased if Paul wins the caucus.

What We're Reading

Poll of the Day

The latest PPP poll shows Gingrich tanking in Iowa; Paul leading; Romney second; and Bachmann, Santorum and Perry lurking.