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I'm taking off my Clark-Hat for this one. Coincidentally, when I was a Dean man, I also thought that this is how things would play-out.
Fourth quarter fundraising: Dean leads (in the >$20 million region), with Clark second.
Iowa: Dean wins. Gephardt drops-out. And even if he were to stay in, where would his next victory come from? It'd be a while. Needless to say, the race in Iowa should never have gotten this close for him. He took Dean too lightly in the early days of the campaign, and now he's paying for it.
New Hampshire: Dean wins, with Kerry and Clark in a tight dogfight for second. Either way, Kerry drops-out; this would be too big a loss for him to continue.
South Carolina: If things continue in this manner, Clark wins. Edwards drops-out. Clark, being the first candidate to beat Dean in a primary, and being the second-place money finisher in 2003's final quarter, all of a sudden begins to get more media focus. With Edwards, Kerry, and Gephardt out, he could potentially become the alternative to Dean - depending on where their supporters go.
At this point, what happens is murky to me.
It's easy to brag that Dean would have enough momentum to win the whole thing (I've claimed it before), but I seriously don't know where Gephardt, Kerry, and Edwards' supporters will go once they drop-out. Will they vote with a winner (which is what often happens), or will they combine to stop Dean? Another big question: where will the 35 to 40% undecided go? And why are they still undecided at this point, other than simply not paying attention?
Either way, barring some serious gaffe or a past indiscretion revealed, I'm predicting a Dean-versus-Clark race. If the race becomes close and bitter, I'm also predicting that the winner will choose the loser as the VP nominee for party unity's sake. Perfectly fine by me - I like both of them TONS! :)
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