I think it wise to wait until we actually have a PRESIDENT elected in 2008. I'm not going to make any serious predictions for 2012 until we have passed the first 100 days of the new administration, which would be around the first of May 2009. I want to have some time to judge how the new president will react before I make judgement on his prospects for 2012.
I don't think he or she will be re-elected, but thats only based on President Bush and the mess he will leave that will have to be cleaned up.
I agree, and the fact that I doubt this country will have three two term presidents in a row.