Update: Wise counsel from Nate Silver:
McCain is getting some criticism for campaigning in Iowa, and for sending Sarah Palin out to West Virginia, but the truth is that their electoral hand is so poor right now that it doesn't much matter in which states they're deciding to bide their time. Remember, any world in which McCain has a chance to win on Election Day is a world that looks very different from this one -- some significant event will have to have occurred to fundamentally change the momentum of the race.
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