David S. Broder is the dean of Washington political reporters. Writing in the Washington Post, he finds all of the currently fashionable predictions of the GOP's demise to be premature. Broder notes Republicans have held the White House for 26 of the past 38 years. And he observes that there is no shortage of people running for the Republican nomination, all 9 of whom must believe a Republican can win in 2008.
An old horseplayer's maxim is that you bet 'em the way they ran in the past. For the last roughly 40 years Republicans have won seven races while Democrats have won three. To be sure, many things look bleak for Republicans today, but 7 to 3 is hard to bet against.