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1:40 PM ET, January 4, 2012

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 Top Items: 
Erick Erickson / RedState:
Everything You Heard Last Night Was Bull, Perry Might Want to Stay In, & a Newtlear Attack  —  As you wake up this morning, Rick Santorum only lost to Mitt Romney by 8 votes.  Santorum spent about a dollar per vote and Romney spent hundreds of dollars for his votes.
RELATED:
Nate Silver / FiveThirtyEight:
Winning Ugly, but Winning  —  I don't care if you call it a win or a tie.  In Iowa on Tuesday, Mitt Romney had a performance that looks ugly on the stat sheet , but which accomplished quite a bit when you consider it in its broader context.  —  The two most important things that Mr. Romney accomplished are as follows:
Ron Fournier / NationalJournal.com:
Bachmann Ends Presidential Run — Source  —  Rep. Michele Bachmann is suspending her presidential campaign, said a senior Republican official with direct knowledge of the lawmaker's plans.  The official, who spoke on condition of anonymity, said the Minnesota lawmaker, a favorite …
BuzzFeed:
McCain To Endorse Romney Tomorrow  —  The 2008 Republican nominee will endorse his former rival in New Hampshire, a source tells BuzzFeed.  The move will give Romney some high-profile good news after a close and ambiguous finish in Iowa.  —  (Getty Images / Mark Wilson)
Jeff Zeleny / New York Times:
Romney Wins Iowa Caucus by 8 Votes  —  “Onto New Hampshire, let's get that job done!”  Mitt Romney told supporters before being declared the winner.  More Photos »  —  DES MOINES — Mitt Romney's quest to swiftly lock down the Republican presidential nomination with a commanding finish …
Russell Goldman / ABCNEWS:
Michele Bachmann Drops Out of Presidential Race  —  Rep. Michele Bachmann will “suspend her campaign,” a senior campaign official told ABC News today, hours after placing last in the Iowa caucuses and vowing to continue in South Carolina.  —  Bachmann cancelled plans to travel to South Carolina …
David Weigel / Slate:
Rickrolled: Three Lessons from Iowa … - Is the Virginia Law Keeping Perry and Gingrich Off the Ballot Constitutional?  — The Real Threat to Marriage Isn't Gay Marriage—It's Straight Civil Unions  — The App That Keeps You Going to the Gym by Charging You Money When You Don't
Kevinliptak / CNN:
BREAKING: Bachmann ends GOP presidential bid  —  (CNN) - Michele Bachmann ended her bid for the Republican presidential nomination Wednesday, hours after a disappointing sixth-place finish in the Iowa caucuses.  —  The Minnesota congresswoman suspended her campaign, a legal technicality …
Jonathan Martin / The Politico:
Conservative elites to huddle  —  A group of movement conservatives has called an emergency meeting in Texas next weekend to find a “consensus” Republican presidential hopeful, POLITICO has learned.  —  “You and your spouse are cordially invited to a private meeting with national conservative leaders …
Discussion: ThinkProgress and GOP 12
Taegan Goddard's Political Wire:
Gingrich Floats Idea of Anti-Romney Alliance  —  In an interview with Laura Ingraham, Newt Gingrich raised the possibility of creating an anti-Mitt Romney alliance with Rick Santorum.  —  Ingraham: Can you see a scenario under which the two of you would align together to try to defeat the establishment candidate, Mitt Romney?
Emily Schultheis / Reuters:
Bachmann ends campaign  —  Michele Bachmann announced Wednesday morning that she would drop her presidential bid following her sixth-place finish in the Iowa caucuses Tuesday.  —  “Last night, the people in Iowa spoke with a very clear voice, and so I have decided to step aside,” Bachmann told supporters in West Des Moines.
Paul Begala / The Daily Beast:
Iowa Results Show Romney's Weakness Even Against GOP ‘Unelectables’
Discussion: CANNONFIRE and Saint Petersblog
Alicia M. Cohn / The Hill:
DNC chairwoman: Romney's Iowa caucus win is ‘a loss’
Discussion: The Politico, CNN and Weasel Zippers
msnbc.com:
First Thoughts: What we learned from last night
Helene Cooper / New York Times:
Democrats Target Romney After Iowa Win
Discussion: Truthdig
David Corn / MoJo Articles:   Newt the Destroyer  —  Gingrich is now on a single-minded mission …
Amy Sullivan / The Atlantic Online:
Rick Santorum, Social Conservative Hero
Discussion: neo-neocon and Outside the Beltway
Scott Johnson / Power Line:
A weak frontrunner
Wall Street Journal:
Iowa's Opening Skirmish
Igor Volsky / ThinkProgress:
Rick Santorum Compares ‘Social Welfare Programs’ Like Medicaid To Fascism In Iowa Speech
Discussion: Lawyers, Guns & Money
Maureen Dowd / New York Times:
Oedipus Rex Complex
Sarah Wheaton / The Caucus:
Bachmann Says She Will Not Continue in the Race
Discussion: New York Times, Feministing and Poynter
Jennifer Jacobs / Iowa Caucuses:
Mitt Romney wins Iowa caucus by 8 votes
Associated Press:
AP sources: Obama bucks GOP, OKs consumer watchdog  —  WASHINGTON (AP) — In a defiant display of executive power, President Barack Obama on Wednesday will buck GOP opposition and name Richard Cordray as the nation's chief consumer watchdog even though the Senate contends the move is inappropriate …
RELATED:
Dan Pfeiffer / White House.gov Blog:
America's Consumer Watchdog  —  Today the President will appoint Richard Cordray to lead the Consumer Financial Protection Bureau.  He has one important job: look out for the best interest of American consumers.  He'll work on behalf of millions of families across the nation to ensure they're …
Los Angeles Times:
Obama bypassing Senate to appoint Richard Cordray consumer chief
Donovan Slack / The Politico:
Boehner: Richard Cordray appointment ‘unprecedented power grab’ by Obama
Discussion: The Caucus and Balloon Juice
The Politico:
Perry: ‘Here we come, South Carolina!’  (Updated)  —  Despite his announcement last night that he would return to Texas and “reassess” his campaign, Rick Perry's tweet just now suggests he's not done just yet: … Perry's continued presence in the race is a net positive for Romney …
Discussion: LifeNews.com and GOP 12
RELATED:
William A. Jacobson / Le·gal In·sur·rec· tion:
Rick Perry not suspending campaign, going to South Carolina (Reader poll added)
Grace Wyler / Business Insider:
Ron Paul May Have Secretly Won The Iowa Caucuses  —  DES MOINES — Ron Paul may have officially come in third tonight, but if the campaign's caucus strategy went off as planned, then Paul may actually be the real winner of the first Republican voting contest.
RELATED:
Mackenzie Weinger / The Politico:
Ron Paul calls Newt Gingrich a ‘chickenhawk’  —  Ron Paul came out swinging Wednesday against Newt Gingrich for calling him a dangerous candidate, dubbing Gingrich a chickenhawk who avoided the Vietnam War.  —  “I don't want to fight a war that's unconstitutional and I'm the dangerous person?
Discussion: Hot Air and The Hinterland Gazette
RELATED:
Kevinliptak / CNN:
Paul: Gingrich a ‘chickenhawk’
Investor's Business Daily:
The Great Golden State Business Exodus  —  States: California's in trouble.  Businesses are leaving along with intellectual and investment capital and skilled workers.  But rather than face up to serious problems, legislators pass silly laws.  —  One would think that given the serious nature …
 
 
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 More Items: 
Peter F. Vallone Jr / New York Post:
Our misfiring gun laws
CBS News:
Obama campaigns at the other Iowa caucuses
Daniel J. Mitchell / Wall Street Journal:
Will Republicans Hand the Left a VAT Victory?
Derek Thompson / The Atlantic Online:
$480: The Price Rick Perry Paid for Each Iowa Caucus Vote
Clive Crook / Bloomberg:
A Crisis of Leadership, Not a Crisis of Capitalism: Clive Crook
 Earlier Items: 
New York Times:
Bring Back Boring Banks
Discussion: naked capitalism and EconLog
Andrew Cohen / The Atlantic Online:
A Federal Judge Responds Defiantly to Chief Justice Roberts
RealClearPolitics Video Log:
Michelle Obama Jokes: “I Kind Of Like” Being Called “Your Excellency”
Discussion: The Gateway Pundit and Moonbattery