Jim Geraghty makes a good if limited point about the Republican presidential Caucuses in Iowa at National Review today: anything other than a sound victory by Mike Huckabee will be heavily spinned by the campaigns and the news media in the effort to influence trends in NH and later states. And in those spin wars, Huckabee doesn't have many friends. This, indeed, could represent the "revenge of the establishment" against Huckabee that so many observers have been expected.

But will Huckabee lose? He's not running away with the contest in polls at this late date, and Mitt Romney's reached near-maniacal levels of paid media in Iowa. But somehow or other, Huckabee's managed to come up with the jack for a respectable TV campaign of his own, so he could well hang on for a win that would be difficult to spin away.