Portsmouth Herald RAN 2/19/96 Pg. A1 By Steve Haberman Herald Staff PORTSMOUTH - Senate Majority Leader Bob Dole said last week that no one can win the White House without first winning the New Hampshire Republican primary. That statement simply reinforces the importance of tomorrow's race to most of the eight major candidates remaining in the race. For Dole, his credibility as front-runner can either be strengthened or significantly diminished based on the results of tomorrow's primary. If he wins, even by a small margin, he can go on to the next set of primaries, the Yankee primaries involving the remainder of the New England states on March 5, clearly established as the man to beat. If he comes in any lower than first, it could be a repeat of the disaster he suffered in 1988 when, after winning the Iowa caucuses, he was defeated by then-Vice President George Bush in New Hampshire and lost credibility as a viable candidate. With 70 percent of the Republican party's delegates being chosen before the end of March, momentum is critical, and Dole needs all he can get to keep going. The candidate with the momentum at this point, however, is political commentator Pat Buchanan. He needs to finish first or second in New Hampshire, a state where he mounted a very successful challenge against Bush, by then president and running for re-election, in the 1992 Republican primary. He garnered 37 percent of the vote in that contest, an amazing showing against an incumbent Republican. Failure to do well in New Hampshire will virtually end Buchanan's ability to raise funds - something he's already having some trouble doing - which will, in turn, prevent him from mounting a viable campaign in the larger states with primaries still to come. Former Tennessee Gov. Lamar Alexander - also having fund-raising problems - needs to come in among the top three in New Hampshire to continue to be seen as a realistic alternative to Dole. Ultimately, the contest could come down to a face-off between Alexander and Dole, as the former governor has said, but it will take at least a third-place finish here for that to happen. For New Jersey magazine publisher Steve Forbes, New Hampshire is a make-or-break situation. Since his fourth-place Iowa showing, Forbes has been touting his ``four-three-two-one'' strategy; taking fourth in Iowa, third in New Hampshire, second in the New England primaries on March 5, and coming in first on Super Tuesday, when most convention delegates will be chosen. Failure to come in third or higher in New Hampshire will virtually end the publisher's presidential hopes. Former Deputy U.S. Ambassador Alan Keyes has nothing to lose and everything to gain in New Hampshire. With a boost from the Christian right in Iowa, Keyes came in sixth and can only go up from there. While the Christian Coalition was a major factor in Iowa, the best guess is it will not be as much of a factor in the New Hampshire primary. A larger factor will be who will get the votes of the social conservatives who backed the candidacy of Texas Sen. Phil Gramm in Iowa, giving him a fifth place finish there. Keyes could get at least part of that vote, elevating his status as he comes out of New Hampshire. Keyes has said he is in the race until the Republican convention, and because he is running a grass roots campaign with no TV or radio advertising, money is not an issue. The Keyes backers say the former ambassador is in the race to get his message of moral decline out, not necessarily to win the nomination, so his finish in New Hampshire is virtually meaningless. How he fares in New Hampshire is of prime concern to Indiana Sen. Richard Lugar. A reasonable finish here could elevate his fund-raising efforts and credibility going into the March 5 Yankee primaries in New England. Lugar has said that he expects to do well on March 5, and that if he doesn't, he will re-evaluate his presidential run. The New Hampshire primary could elevate the Indiana senator's expectations after coming in seventh in Iowa. Iowa businessman Morry Taylor has made it clear that if he is not in the top five in New Hampshire, he is out of the race. That would make Taylor the fourth Republican candidate to drop out. California Gov. Pete Wilson ran a short-lived campaign last fall until the money he had counted on to continue did not materialize. Pennsylvania Sen. Arlen Specter also cited money problems when he dropped out in December, and Gramm decided not to pursue his presidential bid after losses in Louisiana and Iowa. The last candidate, U.S. Rep. Bob Dornan of California, got barely 130 votes in Iowa and is a virtual non-entity on the primary scene. Unless he soars somehow into the top three, whatever he does in New Hampshire will make no difference to his chances for the Republican nomination. They will remain virtually nil. As important as how the individual candidates do, however, is how the voting in the New Hampshire primary is seen around the country. There have been death knells sounded by newspapers locally and across the nation over the importance of New Hampshire's first-in-the-nation primary. Those concerns are based largely on the meteoric rise of Forbes' popularity here last month based almost solely on the huge amount of money the publisher spent on TV advertising. It raised questions about whether New Hampshire's tradition of one-on-one candidate confrontations with voters still exists - and whether it's of any value - in this electronic media-oriented society. How New Hampshire votes tomorrow could either silence those claims or enhance their credibility.