New Polls out of Iowa confirm what Rasmussen reported on Friday.  Newt Gingrich is tanking.  Ron Paul is now formally in the lead in the Hawkeye State, but that cannot last.  His isolationist foreign policy positions are anathema to a vast majority of Republicans everywhere. 

Mr. Gingrich’s precipitous drop is welcome evidence that the messaging used by other campaigns against him works.  Voters, when presented with Mr. Gingrich’s record of profiting off government influence, are turned off, debate skills or no debate skills. 

Mitt Romney needs to get his numbers up, but he remains the best positioned in this very fluid race.  Expect him to choose an unimpeachable conservative as a running mate, possibly on the early side.