Courtesy: Iowa State/Gazette/KCRG Poll

A new Iowa State University/Gazette/KCRG poll shows GOP presidential hopeful Ron Paul in the lead among likely Republican caucus-goers with 27.5 percent support. Former Speaker of the House Newt Gingrich trails him within the margin of error, with 25.3 percent. Gov. Rick Perry, with 11.2 percent, is in fourth behind Mitt Romney, 17.5 percent.

With Paul’s rise in the polls, the mainstream media seem to finally be taking notice. Paul has been picked by many as the favorite to win in Iowa, mostly due to his large organization of grassroots supporters.

CNN’s Wolf Blitzer’s “Blitzer Blog” first wrote about Paul’s ability to “surprise us” in Iowa last week. Tuesday, a POLITICO article asked “could Ron Paul kill the caucuses?”

"Paul poses an existential threat to the state’s cherished kick-off status, say [elite Iowa Republicans], because he has little chance to win the GOP nomination,” Jonathan Martin and Alexander Burns write. “And would offer the best evidence yet that the caucuses reward candidates who are unrepresentative of the broader party."

However, most pundits maintain Ron Paul is unelectable.

Courtesy: CNN

With Paul’s emergence in the national press comes front runner scrutiny. Paul was asked in an interview with CNN’s Ali Velshi Tuesday about racist quotes published under his name in newsletters in the 1980s and 1990s. Paul insists he did not write the remarks, however this is not the first time the issue has been raised.

The Dallas Morning News reported on the quotes in 1996. Then, in 2008 they were brought up again. Now, The New Republic reports Paul made close to $1,000,000 on the newsletters.