But there's a catch. And it's a big one.
Peggy is aware of something I've long known and have regularly warned of: The incredible capacity of the Grand Old Party to snatch defeat from the jaws of victory. Here's how she puts it:
Let me say here clearly what I've been more or less saying in this column for a while. It is that Mr. Obama cannot win in 2012, but the Republicans can lose. They can hand the incumbent a victory the majority of American voters show themselves not at all disposed to give him. (No column is complete without his latest polling disasters. A Quinnipiac poll this week shows Florida voters disapprove of the job the president is doing by 57% to 39%.)Click here to read Peggy Noonan's entire column.
Republicans only six months ago thought the president was unbeatable. Now they see the election as a bright red apple waiting to fall into their hands. It's not. They'll have to earn it.
Mr. Obama isn't as resilient as a Bill Clinton, with his broad spectrum of political gifts and a Rasputin-like ability to emerge undead in spite of the best efforts of his foes. His spectrum of political gifts is more limited. That's a nice way to put it, isn't it?