WALLACE: You were the frontrunner for the Republican nomination for all of 2007, but that has changed dramatically in recent weeks. Let's take a look, sir.
The RealClearPolitics average of recent national polls now shows John McCain is leading, with you back in third place trailing by 10 points.
And even in Florida, which your campaign has always called its firewall, a poll came out this weekend that shows you in second place, trailing McCain by eight points. Related
So, Mayor, I've got a simple question. What happened?
GIULIANI: The race tightened up. It's a wide-open race. We have now several candidates that have won different primaries.
You get a great deal of momentum and bounce from winning, but the reality is, you know, we've got a good long campaign here in Florida that we've put on for quite some time. We've got a lot of time until January 29th.
We're conducting a major campaign here in Florida. We've had great crowds yesterday both places that we were at, tremendous enthusiasm.
And in fact, many people don't know this, but people in Florida have already begun voting. Absentee ballots have been cast. There's going to be early voting starting next week. So this is a state in which we're well organized and we believe we're going to win.
WALLACE: But doesn't what we just saw in the polls -- doesn't that raise serious questions about your overall strategy? The candidates who have won in the early states have the momentum while at the same time you're fading.
GIULIANI: Well, you know, everybody has to have a strategy that fits their strengths, their weaknesses, the places where they can get their message across the best, and we think this is the place for us to get our message across the best.....