According to an LA Times/Bloomberg poll, Fred Thompson (who has yet to declare) has leapfrogged to second place in the race for the Republican nomination. The poll has Giuliani at 27%, Thompson at 21% and McCain at 12%. When Bloomberg made it a 4-way race, Giuliani and Thompson were statistically tied (32% to 28% with a 5% margin of error.)
I fully expect this will become a two-horse race by November or December.
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