You can hope for 1994 in 2008, but I don't see the MSM allowing the dems to get into trouble. Everthing will be against Bush in the next two years.
I hate to say this, but Bush made his bed, now he can lie in it. After a hard fought and won 2004 election, Bush stood at a podium and announced that "I have won political capital and tend to spend it." Well, he chose to spend it on Social Security reform. Not that Soc. Sec. reform isn't a worthy target, but WE WERE AT WAR. The entire dem campaign was anti-Iraq. So, while Bush worried about reforming Soc. Sec. the dems continued a relentless,non-ceasing attack on the Iraq War. They went unanswered for almost an entire year and by the time the White House woke up, it was too late.
Political capital, yep, Mr. Bush, you spent it allright.