Public Policy Polling: Ron Paul is Leading in Iowa

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11:35 PM, Dec 18, 2011 • By MARK HEMINGWAY

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There are going to be a lot of institutional GOP folks doing a spit-take over this:

Newt Gingrich's campaign is rapidly imploding, and Ron Paul has now taken the lead in Iowa. He's at 23% to 20% for Mitt Romney, 14% for Gingrich, 10% each for Rick Santorum, Michele Bachmann, and Rick Perry, 4% for Jon Huntsman, and 2% for Gary Johnson.

Gingrich has now seen a big drop in his Iowa standing two weeks in a row.