I believe that Hillary Clinton won for 4 very important reasons :
1. The campaign was able to get as many registered Democrats to vote for her as possible.
2. Since most registered Democrats who came to vote were women, the "tear heard around the world" was successful in getting her the last minute sympathy vote from people who ...
3. would have otherwise voted for John Edwards.
I think it is clear that for Hillary Clinton to stay in the race she needs to beat John Edwards, not Barack Obama. Edwards ran a remarkable game in Iowa. Had he had as much money as Clinton, he probably would have beaten her by more than just 1%. I am not sure though that under the voting trends of Iowa, he would have been able to beat Barack Obama.
4. The Obama campaign has insisted in equating their "I am not a black candidate" campaign with a complete disregard for the colored blogosphere. Yesterday was the day that it showed how much that has cost them.
So let's look at the numbers, courtesy of MSNBC.com :
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