Detailed text transcripts for TV channel - MSNBC - 20120104:05:04:00
Iowa contest is to allocate delegates but they're not allocated tonight on the basis of exactly what happens in the republican caucus. that, in fact, happens at the convention which is a ways down the road. it's part of the arcane process which which iowa gets to hole on to being first in the nation, but they've got those delegates to allocate and they will be allocated at the convention. they did not bother to set up a recount process now for what is sort of a nonbinding process that everybody sees as important anyway. iowa, there is a little bit of smoke and mirrors, mostly it is about momen...