Chris Matthews on MSNBC just said that if Obama wins the Iowa caucus, it will be “the biggest political story in America in 30 years.” He said, and this is not a joke, that it would be bigger than Ronald Reagan defeating Jimmy Carter. It’s only January 3. Matthews has ten months to go before the election. By October, he will be declaring the latest campaign commercial the “most important political document since the Magna Carta.”

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