[Photo from New York Times]
Everyone's in a frenzy about last night's Caucuses in Iowa. Just how important was this event that starts off what is sure to be months and months of political debate? (yippee)....Well, maybe not that important. As Marketwatch points out "A win in Iowa does not always lead to Washington." In fact, Only two winners in competitive Iowa contests since 1972 went on to capture the presidency: George W. Bush in 2000 and Jimmy Carter in 1976 (and we all know how well both of THOSE turned out for us). This election is unique because it's the first time in 80 years that a sitting President or Vice President has not run for the oval office. 1988's election may be the most prominent modern example to a similar situation in which there was no incumbent running. In that year, the elder Bush finished third behind Bob Dole and Pat Robertson. And the eventual Democratic nominee, Michael Dukakis, also finished third in Iowa, losing to Richard Gephardt and Paul Simon.
So, last nights results shook things up a bit and, though important, can't really provide any clear prediction of the future (except that a lot of people are very interested in this presidential race). We for one are a bit worried. Though it will be nice to have a change in Washington for sure, the leading runners on one side are an inexperienced young senator and a ex-first lady that freaks us out. On the other we have a Mormon and a guy that doesn't. believe. in. evolution!!! Bloomberg please, we're begging you, come and save us all!