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About rick santorum. >> brett: internet ad, he said rick santorum was unelectable. >> megyn: he was on my show this afternoon ripping santorum. but clearly his words said one thing and body lnlz suggested something else. but this question suggests to me if he wanted to continue, if he wanted to take the fight to rick santorum, that would be his chief opponent right now if he were going on to south carolina. if he would have made that case he would have taken the opportunity to beat up rick santorum and he didn't. >> brett: couple things coming in. estimate the turnout is roughly 120,000. tha...

>> that was a lifetime ago. >> that was a lifetime ago. but, you know, she made a big point, if she was born in iowa, this was going to be her state. this was going to be -- >> so you think she might drop out or, given her money situation? >> soul searching is what you -- i think, yes. >> and if you're rick perry, what justification do you have for going forward? just because you've got money in the bank? >> the justification of going forward, i talked to rick perry today. he said he's the only conservative who can mount a national effort, fund-raising effort, against mitt romney. ca...

For sure who would come out on top in the caucuses. >> we're not taking any $10,000 bets on that, are we paul? we'll pass on that. what about turnouts? do we think folks will come out there? i know it's cold but not as cold as in previous years. but it looks nice, yeah? >> yeah. you know about cold, suzanne, when you were here four years ago, it was a bitter winter. it's not bad, it's in the mid-30s, and by caucus time tonight, low 30s, they are used to it here, it's almost like spring. what does that weather mean? it means, well, maybe it could help candidates whose supporters are maybe not t...

Caucuses are seen as one of the major tests in the presidential nomination process, but should they be? critics say the iowa results are not a very good national barometer. brian todd is taking a closer look into this aspect of tonight's contest. brian, what are you findinging? >> the wrap on iowa is that it's not representative of the rest of the country. too white, too evangelical among other criticisms. is that fair? we wanted to look at who's voting in iowa and one figure that jumped out was who's not voting. in 2008, r less than 119,000 people voted. that is about the population of this p...

In iowa was a record 119,000 people. the weather then was hovering somewhere in the 30s. for compareson sake, though, last night's rose bowl drew a crowd of more than 91,000 people. nearly al of the republican presidential conditions are campaigning throughout iowa today. president obama just back from hawaii, also making his presence known there. 310 days until the presidential election. but it's already game on. we've got much more iowa caucus coverage coming your way. make sure to stick around for our prime time coverage, it starts at 6:00 eastern. you're watching msnbc, the place for polit...