The winner of last night is Michael Bloomberg

1) The 2020 Iowa Caucus will forever go down as a farce and even when the results are out they lose credibility.

2) There is no momentum to get for whoever comes first now. With the State of the Union and the Impeachment vote, Iowa will slip to the back of the media narrative.

3) Everyone else moves onto New Hampshire which is another unrepresentative state of the democratic electorate at large while Bloomberg keeps ploughing away in the Super Tuesday states with more delegates and more to win.

4) Joe Biden is likely to come fourth at best.