…here:

Romney’s strategy was surely the only correct one for his campaign. But either his strategists did not count on running up the score in Iowa so early or the press did not give Romney due credit for chasing three rivals out of Ames entirely and beating Huckabee (aided by the FairTaxers) by double digits. The result: Romney, for some reason, just absolutely has to win Iowa or else his chances for winning the nomination are finished. Empirically, this is nonsense. Romney has unlimited resources and is the only campaign right now that has the capacity to challenge Giuliani through January and into February.