But the G.O.P. was practically buoyant compared with the gloom that reigned when Obama roared out of Iowa. Having spent years planning for an epic rematch against the Clintons, their favorite archvillains, Republicans suddenly saw a new and looming foe rumbling the ground as he approached. Obama's lack of political baggage and abundance of star power made the all-too-human qualities of the Republican field more apparent.
Never have so many Republicans been so pleased by Hillary Clinton's success. "Sweet baby Jesus, they saved our bacon," a veteran of the Reagan Administration exulted. "We're back in the game." But that relief may well be short-lived. This is going to last for a while, and in 48 states, voters are getting ready to play.
— reported by Ana Marie Cox, Michael Scherer, Jay Newton-Small, Amy Sullivan and Karen Tumulty/Iowa and James Carney, Gilbert Cruz, Michael Duffy and Mark Halperin/New Hampshire
http://www.time.com/time/nation/article/0,8599,1702120-5,00.html