The fat lady has barely begun her warm-ups

Keep this in mind, the national media is generally stupid.

Most of the mainstream media, and large chunks of the blogosphere, are behaving like children — more specifically, like children who have not yet completed third-grade arithmetic.

Network anchors, national columnists, and prominent bloggers (left and right) have pronounced both the Fred Thompson and Rudy Giuliani campaigns either dead outright or else on life-support (with Do Not Resuscitate toe-tags).

But only three of fifty states have determined their delegates — three very small states, at least two of which (the ones everyone has paid attention to) are arguably pretty unrepresentative of the Republican Party nationally.

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Last night, John McCain won a grand total of seven delegates in New Hampshire. That's slightly more than twice as many as Fred Thompson won (3) by coming in second in Wyoming, but compare the volume of media coverage for the New Hampshire result. Note that based on those seven delegates, half the press is ready to declare McCain the "new GOP front-runner"! Yet McCain's win last night in New Hampshire only secured for him just under one third of one percent of the total number of GOP delegates!

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It's too soon to even rule out John Edwards on the Democratic side. And on the Republican side, five different candidates — including Thompson and Giuliani — still have realistic chances of winning. Anyone who insists otherwise needs a refresher in basic grade-school arithmetic.