He loses NH and he is done, because he doesn't have a prayer in SC.
I agree, and I'll go beyond that. If he wins in New Hampshire, and after losing in South Carolina he takes another shelacking in Florida, he's finished.
Romney desperately needs to turn things around in Florida. He's made some progress; the latest poll (NBC News/Marist) has him trailing Newt by 15; he was down 22 and 23 points in the previous two polls.
Mitt's got three things going for him.
The first is that a huge percentage of likely GOP participants are saying that they could still change their mind. (The latest numbers in Iowa say that two thirds of likely caucus goers are saying this, only three weeks before the caucus.)
The second is Gingrich himself. He can always implode at any time. (Peggy Noonan recently characterized him as a guy, "walking around holding a hand grenade with his finger on the pin saying 'watch this!'")
The third thing is that because of the fact that this year the GOP has gone away from winner-take-all in the large states for delegate selection, it could make more political sense to hang in longer then one might otherwise (collecting delegates along the way) waiting to see if the second thing will happen.


