The Republican competition to see who will finally face off against Barack Obama experienced a notable development tonight when Former Massachusetts Governor Mitt Romney won the Iowa caucus by the narrowest of margins over former Pennsylvania Senator Rick Santorum.

Iowa’s Republican Chairman made the announcement shortly after 2:30 am EST that Mr. Romney managed to finish with a mere 8 vote lead over Mr. Santorum, resulting in what is certainly the closest Iowa caucus vote count in memory. Although Mr. Romney’s ultimate victory is impressive, the results are particularly remarkable for Mr. Santorum, who was polling near last place while running a shoestring campaign for all of the past year. Read More