I disagree with your assessment. I think that the longer the Dems can keep this in fron of the media, the more the public will believe their cause, even if they aren't going to win. They will use 2004 as a battle cry in 2008 just like they did with the 2000 election. This needs to be nipped in the bud immediately.
You are exactly right. We've seen the Dems do this time and time again - it's their mantra, repeat a lie often enough and eventually it will be believed.