Apropos of my earlier post about Republican <$NoAd$>desperation, here's Charlie Cook of the Cook Report on the state of the presidential race ...

Last week in this space, I discounted the widely held view that the knotted polling numbers between Bush and Kerry meant that the race itself was even. I argued that given the fact that well-known incumbents with a defined record rarely get many undecided voters -- a quarter to a third at an absolute maximum -- an incumbent in a very stable race essentially tied at 45 percent was actually anything but in an even-money situation. "What you see is what you get" is an old expression for an incumbent's trial heat figures, meaning very few undecided voters fall that way.

......This is certainly not to predict that Bush is going to lose, that this race is over or that other events and developments will not have an enormous impact on this race. The point is that this race has settled into a place that is not at all good for an incumbent, is remarkably stable, and one that is terrifying many Republican lawmakers, operatives and activists. But in a typically Republican fashion, they are too polite and disciplined to talk about it much publicly.

For more on this point see Ruy Teixeira's Donkey Rising blog.