Re: Obama XV: Now, with 20% more rage
I viewed his post as saying that 2012 is somehow equivalent to 2004. Given where we're at now, I'd say the GOP has more on its side than the Dems did in 2004 (of course, a lot can change in two years).
If the unemployment rate had been over 9% in 2004, there's no way W would have been re-elected; bad economies tend to unify the middle in opposition to the incumbent.
I think the better potential comparison with 2012 might be 1996. Most pundits are expecting a 1994 style beatdown to take place in 2010. The fact that people are even talking about the possibility of the GOP retaking the Senate is mindblowing considering how far behind they are right now, but there are a lot of people acting as though the House may be a fait accompli.
The combination of a GOP-controlled Congress (or at the very least, the House) gives Obama a real foil for the next two years (as opposed to what they have now, the public isn't buying their caterwauling about the GOP because the GOP has no power). In 1995, that played out as a pair of government shutdowns that Clinton successfully blamed on the Republicans (thanks in no small part to Newt Gingrich acting like a child).
The entirety of the GOP field in the 1996 primaries: Bob Dole, Lamar Alexander, Pat Buchanan, Steve Forbes, Bob Dornan, Phil Gramm, Alan Keyes, Richard Lugar, Morry Taylor, Arlen Specter, and Pete Wilson, of which only the first four were among the top candidates. It wasn't the most exciting list of candidates and all had some drawbacks.
Fast-forward to 2012. Of the top 11 names on my list, each one of them has some issues:
Romney - Retread from 2008, signed a health-care bill similar to ObamaCare when he was governor
Palin - Retread from 2008 (although to a lesser degree), poisoned among independents thanks to McCain's poor handling of her early on in 2008
Huckabee - Retread from 2008, focuses on social issues in a fiscal-issue environment
Gingrich - Hasn't been terribly relevant in government in almost 15 years
Pawlenty - Name recognition, close ties to McCain, has said some things that have irked the conservative base
Paul - Retread from 2008, supporters often border on cult-like, tough to run as a Congressman
Barbour - Name recognition
Daniels - Name recognition, close ties to Bush
Jindal - Perceived inexperience
Pence - Name recognition, tough to run as a Congressman
Thune - Name recognition, focuses on social issues in a fiscal-issue environment
Then you've got Obama, who apparently can sell ice to Eskimos when it's campaign time. How far down in the pits does his approval rating have to get before one of these candidates becomes a real threat to him, and can it realistically get that far down when he'll have a foil in the GOP House to boost saggy ratings? I don't know. But from what I can see, a redux of the 1994 and 1996 elections could be coming down the pike in the next two federal Election Days.