In this ongoing blog duel, moviefone Oscarologist Jack Mathews and indieWire's Anne Thompson discuss the impact of the Golden Globes on the Oscar race.

On the morning of the Golden Globes nominations, Joseph Gordon-Levitt, Robert Downey Jr., Julia Roberts and Tobey Maguire were dancing on the ceiling. And Harvey Weinstein thought he had three sure-fire Oscar contenders with 'Nine,' 'Inglourious Basterds' and 'A Single Man.'

But in the sober light of day, as other critics groups and the Screen Actors Guild have weighed in and serious Oscar balloting gets under way, do the Golden Globes really matter? What is their influence in the big show that counts, the Oscar race?