Penn Strategy Memo for New Hampshire, December 30, 2007: On the eve of the Iowa caucus, the race was too close to call. In this memo, Penn ranked the "six potential scenarios coming out of Iowa" in order of preference. The best had Clinton winning and Obama finishing third. The worst-case scenario had Obama on top and Clinton in third--which ended up being the result. Penn laid out options for how the campaign might respond, including attacks on Obama and Edwards.

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Penn Strategy Memo 12-30-07 by atlanticonline