CNN

Rudy Giuliani stands with his wife Judith Giuliani as he talks to the media during a campaign stop, Tuesday, in West Palm Beach, Florida.

Rudy Giuliani is slipping in the state considered "crucial" to his presidential chances.

An average of three polls taken in Florida show Giuliani in third place. John McCain and Mitt Romney are neck-and-neck at 27% and 25%. Giuliani is way back at 16%... practically tied with Mike Huckabee, who gets 15%. It's looking more and more like Giuliani's dream of being president is headed for the scrap heap. Two months ago Giuliani was the prohibitive favorite in Florida at 38% to 17% for Mitt Romney and 11% for John McCain.

One pollster is quoted by the Miami Herald saying Giuliani has "virtually no chance to win in Florida." Another says, "If he can't make it there in Florida, he can't make it anywhere." Guess the words of that famous song don't always ring true. And Florida is winner take all…if you don't finish first you don't get a single delegate.

Giuliani's campaign, of course, disputes all this, insisting he'll win. He argues his message just needs a little more time to sink in.

To read more and contribute to the Cafferty File discussion click here