President 2012 GOP Iowa Poll Watch: Cain 20% Vs. Paul 19% Vs. Romney 18% Vs. Gingrich 17%

According to the latest Bloomberg News Poll.

With the Iowa caucuses just seven weeks away, a new poll indicates that it’s a four-way battle in the race for the GOP nomination in the Hawkeye State.

A Bloomberg News survey indicates 20% of Iowans likely to take part in the Republican caucuses say they support businessman Herman Cain for the nomination, with 19% backing Rep. Ron Paul of Texas, who’s making his third run for the White House. Eighteen percent say they support former Massachusetts Gov. Mitt Romney, who’s making his second run for the GOP nomination and 17% backing former House Speaker Newt Gingrich.

It’s basically a four-way tie for the top spot when taking into account the survey’s sampling error. The poll’s Tuesday release comes seven weeks before Iowa’s January 3 caucuses, which kick off the presidential primary and caucus calendar.

According to the survey, Texas Gov. Rick Perry’s at 7%, Rep. Michele Bachmann of Minnesota’s at 5%, former Sen. Rick Santorum of Pennsylvania’s at 3% and former Utah Gov. and former ambassador to China Jon Huntsman’s at 1%, with one in 10 unsure of who they’ll support.

The poll also indicates that six in 10 say they could still change their minds on which candidate they are backing.

The race is tightening up and remains fluid.

Who does this help?

Mitt Romney, of course, since he is way ahead in New Hampshire and has plenty of campaign cash to fight for the other states.

Iowa may be a break out moment for Newt Gingrich, but he has a lot of baggage. If not, Newt, then the nominee will likely be Mitt Romney (unless there is a draft movement).