Strictly by the numbers, Mitt Romney's narrow victory last night in his home state of Michigan was modest. He won only 3 percent more votes than second-place finisher Rick Santorum and, because the primary is not winner take all, the two candidates will split the real prize -- Republican delegates -- nearly equally.
In his victory speech, however, Romney was clearly more concerned with the symbolic victory. "We didn't win by a lot, but we won by enough, and that's all that counts," he told supporters in Novi, Mich. While it's unlikely Romney was watching the prediction markets as closely as we do before he took the stage, he would be pleased to know that they agree. Within an hour of Michigan's outcome becoming clear, Romney's likelihood of earning the Republican party nomination jumped to 80.9 percent, up 8.3 percent from Tuesday evening. (No one likes a gloater, but we did call that.)
Some commentators still question whether Romney's win in Michigan gives him sufficient momentumRead More »from As expected, markets congeal around Romney after big ‘enough’ victory in Michigan