John Fund

The first 2008 presidential primary is nearly a year away, and the general election won't be for another 631 days. But to hear some pundits and politicians talk, you'd think the outcome was already settled. Columnist Robert Novak reports that leading Washington Democrats, buoyed by Hillary Clinton's successful debut in Iowa, are now saying their party can't lose. Bill Daley, a former Clinton commerce secretary who was Al Gore's 2000 campaign manager, is emphatic: "I don't care who the Democratic nominee is. He will become president in '08." (Mr. Daley backs Barack Obama, which may explain that politically incorrect "he.") Rep. Artur Davis, an Alabama Democrat, describes the Hillary juggernaut: "A lot of my colleagues in the Congress say privately on the floor, 'Well, I like Obama, but Hillary is going to win. We are going to have to deal with her.' "

Some Republicans go halfway to agreeing that their party isn't likely to hold the White House. Former Minnesota Rep. Vin Weber, who now serves as policy chairman for Mitt Romney, told Roger Simon of that "I don't want to contribute to my own party's demoralization, and it doesn't necessarily mean there will be a Democratic landslide, but I think there is a thumb on their side of the scale that's not going to come off until after the next election."

History should teach us to take such claims with more than a grain of salt. While pundits will constantly remind us when they were right, they fall strangely silent when it comes to recalling their missed calls. Let's look at how the presidential field looked some 21 months before the general election, the equivalent point where we are in this cycle, in three previous campaigns.

In the event, Mr. Bush's popularity soon tanked in a bad economy. Bill Clinton, who didn't even announce for the 1992 Democratic nomination until October 1991, became the surprise nominee. Even after he won all the key primaries, Democrats were skeptical of his chances; polls showed him trailing not only Mr. Bush but independent Ross Perot. Mr. Clinton won anyway, outpolling the incumbent by better than 5.5%.

John Fund

John Fund writes the weekly "On the Trail" column, reprinted here with permission from the Wall Street Journal and He is author of "Stealing Elections: How Voter Fraud Threatens Our Democracy" (Encounter, 2004).

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