Obama Wins In Iowa; Dodd, Biden Out

The Iowa caucuses are over, and Obama has come out with a very big win over Edwards and Clinton, with a commanding 38% of the vote to Edwards' 30% and Clinton's 29%.

The win is credited in large part to Obama's success turning out youth and first-time caucusers, who made up 56% of the over 236,000 Democrats that turned out. The total number approximately doubled the turnout for the Republican straw poll.

Richardson got 2% of the vote, and Biden 1%; everyone else didn't register. Biden and Dodd have withdrawn from the presidential race; if history is any indicator, you can expect Kucinich to stay in the race no matter what his poll numbers are. Richardson is still a question mark, though it should be noted that there were numerous rumors about that Richardson and Obama were cutting two-way deals in Iowa, so there may be more to that relationship than meets the eye.

On the Republican side, Huckabee chalked up an equally decisive victory, which makes the outcome of the Republican primary even more up for grabs than it was yesterday. New Hampshire has a decidedly smaller percentage of the evangelicals that seem to have led Huckabee to victory, and though Huckabee again has an edge in South Carolina with that, he'll be competing with a native son. Michigan is going to be another group battleground, and of course Giuliani is focusing his entire campaign on Florida.

The next faceoff comes in New Hampshire on January 8, with a debate before that on January 5 that we will be liveblogging.