It was late in coming, but election-year madness has finally gripped New Hampshire. Candidates accost voters on frigid streets, knots of campaign workers wave placards in shopping malls, and a blizzard of campaign commercials blankets prime-time airwaves. But the familiar trappings disguise even more volatility than usual as the nation's first primary moves to its climax. Though Bill Clinton is the media-anointed front runner, easily two- thirds of the likely Democratic voters are in flux, and the fortunes of his four main rivals have been fluctuating erratically.
Only now is the Democrats' Silly Putty politics beginning to assume some semblance of...