Jim Young / Reuters
Republican presidential candidate Congressman Ron Paul celebrates with his wife, Carol (L, Front), his son Senator Rand Paul (C, Rear) and other family members and supporters at his Iowa Caucus night rally.
NBC News projects that Texas Rep. Ron Paul will finish third in a closely-fought battle for the first nominating contest of the 2012 Republican primary.
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MSNBC's Rachel Maddow discusses with a panel what Ron Paul's third place finish in Iowa means for the future of his campaign and for his competitors.