The smart money says that the election will be over as soon as Hillary or Obama wins the nomination. The combination of an unpopular president and an unpopular war will cause a repeat of the election of 2006 on a larger scale. The thing is, the smart money isn't always that smart. Here's why:
Bush's approval rating maybe terrible but it looks pretty good compared with Congressional Democrats. Their approval rating is approaching the margin of error (the last I heard it was at 11% and still dropping). If the Republican candidate (I'll assume Rudy for the sake of argument) is weighed down by Bush, how much more will a senator be weighed down by Congress?
The war may not be as big a factor as strategists think. While liberals hate Iraq and moderates are sick of it, nearly everyone hated Viet Nam. Regardless, Humphrey nearly won in 1968 and Nixon won by a huge margin in 1972. What's more, things in Iraq are looking pretty good right now. Everyone expected that if the terrorists and the insurgents kept pushing the US would leave. Instead we came back stronger. We seem to be wearing them down even as the insurgents realize that AQ in Iraq is not really their ally. Hillary has been advocating surrender. Obama is even stronger against it. If things are still going well in a year then they are going to look pretty bad.
Did the election of 2006 indicate that the country has swung to the left? No. Republican losses were typical for a president's 6th year. Reagan had similar losses yet his vice president went on to win in 1988.
In the meantime, Democrats, convinced that the 2006 election was a trend have moved quite a ways to the left. No one is running as a moderate. They are disowning Carter and Clinton, two southern governors who ran as moderates. Instead we will have a senator running as a progressive on a platform of socialized medicine and trade restrictions.
The Democrats have an additional factor working against them - lack of passion. Hillary is a cold candidate. While I have seen Rudy described as a "dark" candidate, he is an inspiring speaker who talks about America in ways reminiscent of Reagan. In 2004 the Democrats were passionate in their hatred of Bush. I doubt that they can muster that level of commitment against Rudy or any of his rivals. With an uninspiring candidate at the top of their ticket and an opponent they don't despise, they will not put forth the same level of effort. Besides, why bother when they already know that they will win regardless?
The wild card is Republican passion. The religious right is likely to sit out this election. The people against illegal immigration and the NRA have their own quarrels with Rudy. Will they let Hillary win in order to teach the Republicans a lesson in the future? That's what the Democrats did in 2000. It worked to the extent that it moved the party to the left but it also gave the country eight years of Bush. I doubt that many Democrats would make that choice again. It may have also moved the party too far to the left.
Will the Republicans learn from the Democrats' mistake in 2000? In 2004 the Democrats united behind a candidate who didn't excite them against a president they hated. Will Republicans unite against Hillary the same way?
The final factor is the "new face". Typically at this point the vice president would be running as a continuation of the president's policies. More often than not the public is sick of the current administration. This time none of the Republicans have ties to Bush. On the other hand, Hillary is still married to Bill. Rudy is a lot fresher than Hillary. Her current status as front-runner amplifies this. People may be sick of her by election day.
Of course, this is all speculation. At this point four years ago Howard Dean was getting fitted for his inauguration tux.
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