I think people are missing the point. A 3rd place showing in iowa would have been a huge momentum builder, would have made it alot more likely to get a huge bump in nationwide polls and in donations, etc. Now people will be very reluctant to donate, especially if paul does worse than 3rd in NH, new potential converts will be even more skeptical of voting for paul.
The worst part, is parts of the media and even paul himself were predicting us to do "better than everyone thought". Well, unfortunately, that doesnt seem like it will end up being the case.
Theres still hope - NH independents. But if we get 4th or worse in NH, then its pretty much over, based on momentum. bill clinton did so well because he had friends, media, and financial backing. If we dont get momentum, we wont get that advantage, at all.
