Not necessarily.
Suppose there is a new VP in 2007, even a second rate hack. Then suppose that in 2008 Bin Ladin's head is on display, the Dow is at 18000, the Islamics have surrendered, Iraq is peaceful and exporting oil which causes gas to be under a $1 a gallon.
That VP wins in 2008.
If those things don't occur that VP loses badly.
The DOW at 18,000?
I'll never live long enough to see that day.