While interviewing Mike Huckabee campaign manager Chip Saltzman last night, Sean Hannity not only improbably defended Mitt Romney's campaign record to date, he used Romney's own talking points, saying he thought "two silver [medal]s and a gold" sounded like pretty good results to him.
Saltzman was justifiably at a loss for words. Romney outspent his rivals in Iowa and New Hampshire by an order of magnitude and spent huge amounts of time in both states. He was beaten by two establishment-bucking candidates to boot. And he explicitly based his entire campaign strategy on winning both states to catapult his always-low poll numbers enough to win the nomination.
There is no reasonable way to think Romney has had a good performance so far. In a wide open GOP field, anything is possible. The only thing Romney appears to have so far, though, is lots of money, and that's never enough to make someone president.