My take is that Clinton is well ahead in the polls in Ohio and Texas and that will put her back into contention. If she loses one of those, it's probably over. Even winning them will not erase some of the large wins Obama has racked up unless she wins them by over 10%. Interesting editorial below (not pasted in it's entirety, but the link may stop working when the next editorial is posted.)
Can Mrs. Clinton Lose?
By PEGGY NOONAN
February 8, 2008; Page W14
If Hillary Clinton loses, does she know how to lose? What will that be, if she loses? Will she just say, "I concede" and go on vacation at a friend's house on an island, and then go back to the Senate and wait?
Is it possible she could be so normal? Politicians lose battles, it's part of what they do, win and lose. But she does not know how to lose. Can she lose with grace? But she does grace the way George W. Bush does nuance.
She often talks about how tough she is. She has fought "the Republican attack machine" that has tried to "stop" her, "end" her, and she knows "how to fight them." She is preoccupied to an unusual degree with toughness. A man so preoccupied would seem weak. But a woman obsessed with how tough she is just may be lethal.
Does her sense of toughness mean that every battle in which she engages must be fought tooth and claw, door to door? Can she recognize the line between burly combat and destructive, never-say-die warfare? I wonder if she is thinking: What will it mean if I win ugly? What if I lose ugly? What will be the implications for my future, the party's future? What will black America, having seen what we did in South Carolina, think forever of me and the party if I do low things to stop this guy on the way to victory? Can I stop, see the lay of the land, imitate grace, withdraw, wait, come back with a roar down the road? Life is long. I am not old. Or is that a reverie she could never have? What does it mean if she could never have it?
We know she is smart. Is she wise? If it comes to it, down the road, can she give a nice speech, thank her supporters, wish Barack Obama well, and vow to campaign for him?
It either gets very ugly now, or we will see unanticipated--and I suspect professionally saving--grace.
I ruminate in this way because something is happening. Mrs. Clinton is losing this thing. It's not one big primary, it's a rolling loss, a daily one, an inch-by-inch deflation. The trends and indices are not in her favor. She is having trouble raising big money, she's funding her campaign with her own wealth, her moral standing within her own party and among her own followers has been dragged down, and the legacy of Clintonism tarnished by what Bill Clinton did in South Carolina. Unfavorable primaries lie ahead. She doesn't have the excitement, the great whoosh of feeling that accompanies a winning campaign....