From Keith Humphreys at Washington Monthly:
A feeble Iowa win hurts a political party in several ways. First, weaker candidates are less likely to drop out, meaning that time and money that might have been used to attack the other side are instead burned up in an internecine primary (Dole was being bloodied by Pat Buchanan and Steve Forbes into early March of 1996). Second, it raises doubts in the party about the front runner at a time when coalescence around an eventual nominee is the desired outcome.
Given the evident inability of any of the current candidates to generate enthusiasm in even one third of Iowa Republicans, and the fact that the caucus “winner” could well be someone that 3/4 of the voters rejected, I am comfortable predicting right now the winner of the GOP Iowa Caucuses: President Obama. ...Keith Humphreys
Yee-haw!