If Bush opposes a prescription-drug benefit for the elderly, he's miserly. If he supports a prescription-drug benefit for the elderly, he's lining the pockets of the pharmaceutical companies. If he restrains government spending, he's heartless. If he supports government spending, he's bankrupting the nation and robbing from future generations.
If he opposes campaign-finance reform, he's a tool of corporate interests. If he signs campaign-finance reform, he's abridging the First Amendment rights of Michael Moore (whose ads for "Fahrenheit 9/11" might run afoul of the law).
If he accuses John Kerry of flip-flopping, he is merely highlighting one of the Massachusetts senator's strengths -- his nuance and thoughtfulness. If he flip-flops on nation-building or testifying before the 9/11 commission, he proves his own ill-intentions, cluelessness, or both.
If he doesn't admit a mistake, he is bullheaded and detached from reality. If he admits a mistake, he is damning his own governance in shocking fashion.
If he sticks with Dick Cheney, he is saddling himself with an unpopular vice president, giving Democrats who can't wait to run against Cheney a political advantage. If he drops Cheney, he is admitting that the Democratic attacks against his vice president have hit home, thus giving Democrats who have made those charges a political advantage.
If he loses in November, the voice of the American people has spoken a devastating verdict on his presidency. If he wins, he stole the election.