The media have decided that Senator Marco Rubio (R-FL) was last night’s big winner in the Iowa caucuses. Rubio finished a strong third in Iowa, outperforming the RealClearPolitics poll average by 6.2 percent. Rubio himself spoke as though he had wrapped up the nomination with his finish. And meanwhile, donors are rapidly shifting from Jeb! to Rubio, according to the latest reports.
Nonetheless, last night’s big winner was Senator Ted Cruz (R-TX). His campaign had the most to lose and the most to win.

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