On the eve of the first-in-the-nation Iowa political sideshow, reports from the Thompson campaign say that Thompson is likely to end his campaign if he doesn't finish well in the Hawkeye state.
The latest polls in Iowa show Mitt Romney and Mike Huckabee leading the GOP race.
Thompson has picked up some notable support in Oklahoma, where he has been endorsed by U.S. Sen. Jim Inhofe and Rep. John Sullivan. Thompson has also been a favorite of several prominent conservative Oklahoma bloggers.
If Thompson does drop out (and we predict he will), who will Sooner Republicans support? Our guess: Rev. Mike from Arkansas. Stay tuned.
UPDATE: If Thompson withdraws from the presidential race, news accounts indicate that he will endorse Arizona Sen. John McCain, whose campaign has found new life in recent weeks. That endorsement is not likely to play well in the Sooner State, where McCain's position on immigration reform is highly unpopular.