The really bad news for Mitt Romney here isn't really that he lost to John McCain. Rather, the problem is that Mike Huckabee is staying in the race, while Rudy Giuliani is dropping out and will presumably be endorsing McCain soon. In a head-to-head race it's quite possible to see Romney consolidating anti-McCain sentiment and winning. But if Huckabee can keep his fanbase, that lets McCain win primaries in conservative states without the need to secure majorities.
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