John Hood makes an excellent point:

There is also a longer, truly heart-felt affection by center-left journalists for McCain, who mirrors their sentiments on the issue they (wrongly) believe is central to American politics: campaign-finance reform.

...in this matter Iowa is inconvenient for the McCain/Left argument. Huckabee had little money and won. Romney spent lots of money and came in second.

This is one of the biggest reasons that I do not want to see John McCain as president. Of course, it's also one of my many unhappinesses with George W. Bush, who signed a law that he stated himself he believed to be unconstitutional, thus betraying his oath of office.