From NBC's Savannah Guthrie
White House press secretary Dana Perino told NBC News this morning that President Bush did in fact stay up to watch the results of last night's caucuses in Iowa.
Per Perino, this was Bush's reaction: This is the beginning of a process in which Americans start to choose who the next president will be. You win some, you lose some. The question is how you do in the long run. He understands "the excitement of the winners and the disappointment of the losers and the range of emotions that go with these primary events."