The Stakes For Clinton

Pretty damn high:

Yesterday, some Clinton allies tried to claw back the conventional wisdom that Clinton has to win Iowa to survive; I do not believe the clawback is going to work, based on the campaign's own trajectory here, based on the fact that they're imported almost a thousand friend of Hill to the state, have spent millions, and have not disputed the notion, internally, that a third place finish in Iowa would be devastating. Perhaps not fatal, but devastating.