The conventional wisdom has always been that Giuliani needs
Romney to be taken out early, and thus benefits from a McCain win
in New Hampshire. But could the reverse actually be true? Should
McCain win in New Hampshire, he could emerge as the choice of
moderate, primarily national security, Republicans--the exact space
that Giuliani is vying for. However, if Romney wins, it'll be hard
for McCain to recover, and Giuliani would be in a position to
consolidate the anti-Romney national security vote.