In a nutshell: After a month of horrible coverage for Obama, the Jeremiah Wright debacle and the caricaturing of the candidate as an elitist, he nonetheless managed to fight Clinton to a virtual dead heat in a state in which she had been favored. All the media chatter about how Hillary had found her voice, won the hearts of the working class and captured the momentum didn't amount to squat. Whether she won Indiana by a few thousand votes was, by that time, beside the point.

Have I mentioned lately that the commentators have been consistently wrong in this campaign?

Clinton had claimed victory in her speech--indeed, Obama had conceded Indiana minutes earlier--but it may have been a pyrrhic victory at best.

Many of the pundits were in obituary mode. On Fox, Bill Kristol said there would be private conversations to orchestrate "a graceful ending to this race." The MSNBC gang was off on a discussion of who would be Obama's running mate. CNN was more cautious, with Anderson Cooper saying, "It's too early to be talking about Hillary Clinton in the past tense." But Carl Bernstein said two Hillary advisers had told him she would try for the vice presidency.

Source: washingtonpost.com