Last week The Fix offered up the case for a presidential bid by Iowa Gov. Tom Vilsack (D). Today: The argument against such a candidacy. ... In Vilsack's case, hailing from Iowa may be more of a burden than a benefit. Having served as the state's governor for the past eight years, Vilsack enters the Iowa caucus process with sky-high expectations. ... An Iowa loss -- especially a third- or fourth-place showing -- effectively ends Vilsack's candidacy. ... The other major argument against Vilsack is money. As a governor, Vilsack has never had to raise money under the considerably more stringent federal limits, which cap individual contributions to a to $2,000 per election. Part of Vilsack's decision to enter the race so early was his need to form a federal fundraising committee and begin to answer his doubters on the financial front. ... Vilsack has no apparent fundraising "in" -- either geographically or with a particular constituency group.