I think the President and his team are all about momentum. He tends to dial in and starts steadily building momentum about 6 months before an election. I believe they have set up the foundation they need, added fresh new players...and things will start to turn around by the end of May.
I am going out on a limb to predict that his approval ratings in November will be very close to the approval ratings he had going into the 2004 election. And that we will pick up seats.
Gas prices that are hurting him right at the moment, and then the perception of Iraq.
I agree with you.