Obama wins the Democratic Caucus in Iowa, with 37 percent of the vote, leaving Edwards and Hillary to battle it out for second. On the Republican side, Huckabee took the gold, followed by Romney, then Thompson, then McCain.
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All of this has been so fully gamed out that it's hard to add any new insight to the issue. Obama is now the favorite. Clinton's aura of inevitably has been banished, and whatever momentum she had has been crushed. It's tough, though not impossible, to imagine her regaining it. Edwards' path to the nomination is unlikely. Gravel's coronation looks increasingly uncertain.
More from Ezra Klein at the American Prospect
Huckabee was declared the winner at 9 p.m. Eastern time, easily besting Mitt Romney — a storyline that was unthinkable just weeks ago. With 76 percent of precincts reporting, Huckabee led Romney 34 percent to 25 percent.