Newt Gingrich came in fourth place in the hotly contested Iowa caucuses Tuesday night, a result similar to both Bill Clinton's in 1992 and John McCain's in 2008.
Despite the fourth-place showing in Iowa, Clinton and McCain nabbed their party's nomination. Gingrich hopes to do the same.
Gingrich's top-four showing in Iowa — despite a barrage of local and national TV ads totaling more than $10 million against him — gives him a solid platform to continue his primary battle.
Rick Santorum has not weathered the same intense media scrutiny as Gingrich has, nor does he have the national organizational and fundraising base Gingrich has.
On Monday, the Gallup tracking poll had Romney at 24 percent and Gingrich at 23 percent, a neck-and-neck race. Santorum pulled only 6 percent in the Gallup poll.
Romney, who was considered the Iowa front-runner, faces a daunting challenge as the GOP primary calendar unfolds.
He pulled no more votes in 2012 than he did in 2008. He has spent more than $15 million between both races to win Iowa — forking over $500 a vote for the past two elections combined.
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