Iowa Presidential Results: What does it mean?

Below are the results of the nation’s first primary from Iowa. Do these results matter? Was this expected? Surprises? Will New Hampshire negate these results? Please give us your opinion.

DEMOCRAT
Obama 38%
Edwards 30%
Clinton 29%

GOP
Huckabee 34%
Romney 25%
Thompson 13%
McCain 13%
Paul 10%
Giuliani 3%