As They Prepare for the Caucus and the Primary ...

Today is Christmas, and my gift to my readers is my view of the presidential races and what is likely to happen when Iowans hold their caucuses a week from Thursday and voters in New Hampshire hold their primaries two weeks from today.

DEMOCRATS

Hillary Clinton likes to use the word "experience" to describe her qualification to be president. But this is her first national campaign as the candidate. Previously, she was in a supporting role.

The one with the experience in a national campaign is John Edwards, and he has a network of support in place in Iowa that propelled him to a second-place finish there four years ago. The question in the caucus is whether those supporters will actually turn out this time. Are those voters as reliable in 2008 as they were in 2004?

I've heard political analysts say that only about 10% of Iowa's electorate turn out for the caucuses, so the old adage about how "every vote counts" really is true in Iowa.

I have the feeling that Edwards is poised to spring a surprise in Iowa. He can survive until the New Hampshire primary the following week, even if he finishes second again in Iowa. But to remain in the race, he needs a strong showing in one or both of those states -- if only to demonstrate his appeal and vote-getting ability outside the South.

Can Barack Obama fail to win Iowa and New Hampshire -- and still be a factor in the race? That depends on how well he does. If he loses either state -- or both states -- by double digits, it may be over for him. If he is close to the top finisher, his campaign can survive awhile longer.

If Mrs. Clinton finishes first in both states, the party is over for the rest of the field, and momentum will take over. If she loses in both states, the party may be over for her.

REPUBLICANS

I think Mike Huckabee is likely to win Iowa, where evangelical Christians represent a sizable bloc. They seem comfortable with him. He's apparently the kind of candidate those voters thought they were getting when George W. Bush first sought the nomination in 2000.

Mitt Romney will likely finish second in Iowa. I think he and Huckabee will combine for perhaps 60% of the Iowa vote. The remaining 40% will be divided up among the rest of the Republican field.

After that, Romney's main challenge in New Hampshire appears to be coming from John McCain. Like Edwards in Iowa, McCain has a strong core of support in New Hampshire from his successful primary campaign there eight years ago. But McCain must contend with questions about his age. He will be 72 when the next president is sworn in.

I think Romney may be able to pull off the win in New Hampshire, but I think he will be wounded in Iowa and may not be an effective candidate in the other primaries that are coming up in January and early February.

If he's unable to win in New Hampshire, McCain's campaign is probably finished.

I think Rudy Giuliani's best chance to win comes later in January when voters in Florida will vote. Giuliani has been polling well in Florida. American Research Group, for example, has been reporting that Giuliani consistently has been receiving between 26% and 33% in Florida, which leads the field there.

If Giuliani's support in Florida collapses in favor of McCain (following a hypothetical McCain triumph in New Hampshire), Giuliani should consider withdrawing from the race.

Fred Thompson needs to win somewhere early in order to establish the momentum he needs in the primaries to come. The super Tuesday primaries on Feb. 5 will be costly for candidates and only those with the best financing and the best organizations will be competitive that day.

One last thing ... VOTE! If you live in Iowa, participate in the caucus. If you live in New Hampshire, vote in the primary.

And a Merry Christmas to all.