Common wisdom says that the Democrats will take the White House in 2008. This is based on three things - the White House usually switches parties when one party holds it for eight years; public dissatisfaction with Bush and the war will translate into a rejection of the Republicans, and the 2006 election showed that the country has moved to the Left.
Let's look more closely at these, especially the first one. It is true that the other side has won most times that a party has held the White House for eight years. This happened in 1952, 1960, 1968, 1976, 1992, and 2000. It did not happen in 2004 because Reagan had already defeated Carter in 2000. The 1988 election is particularly interesting in this discussion. In that one, Bush (41) ran as a continuation of the Reagan administration and won. It is also interesting because his opponent, a liberal from New England, offered a clear difference to Bush and went down to a decisive defeat. Four years later Clinton, a moderate from the South, was able to defeat Bush.
An important point to remember is that when the White House changed hands with no incumbent in the White House, the sitting Vise-President was running as a continuation of the current administration. Vise-presidents are seldom a good stand-in for their president. They are normally chosen specifically because they are different in order to broaden the president's appeal. Even Gore who, like Clinton, was a southerner, came across as a Washington insider in contrast with Clinton, "the man from Hope". It is difficult for someone who was chosen because he is different to run as a continuation candidate. When Bush ran in 1988 he started by recanting all of his positions from 1980. After spending wight years in the Reagan White House, he had learned the errors or his ways.
There is also a strong element of fatigue at play. After eight years, the electorate is tired of the same old faces and policies. A president usually does most of his accomplishments during his first term. It is tough for a vice-president to make the case that the current administration needs four (or eight) more years in order to accomplish its goals. In 2000 there was talk of Clinton Fatigue. Now it is Bush Fatigue.
This election is different. The slate is completely open. That eliminates much of the "fatigue" factor. In addition, Hillary faces some residual Clinton fatigue. Similarly, Edwards may suffer from having already been on the ticket in 2004. The election may go to the candidate who feel "freshest".
As far as the other two points of common wisdom - that dissatisfaction with Bush will sink the Republican candidate and that the 2006 election signaled a shift to the right, neither has a lot of merit. The country may be dissatisfied with Bush but Congress continues to poll lower than Bush.
Has the country moved to the left? The Democrats think so. The main three candidates, Clinton, Barack and Edwards, are all far to the left of Bill Clinton or the image that Kerry projected in 2004. This may be their undoing. In 2006, voters were angry with corruption in Congress and frustrated that the war in Iraq was still going on. Even with that, the Democrats' wins were comparable with the opposing party in the sixth year of other administrations, even Reagan. This was not an overwhelming vote of support for a liberal agenda. Most of the winning Democrats weren't even running as liberals. They were recruited as pro-military centrists who could win close elections against Republicans. Now that they are in Congress, they have organized as the "Blue Dog Democrats" and they have prevented the older, more liberal Democrats from implementing their agenda.
The current slate of presidential candidates is not going to appeal to the people who voted in the Blue Dogs.
So, in spite of common wisdom, the election is still wide open.
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