On the other hand, George Will offers reasons why 2008 is the "now or never" year for Obama:

    First, one can be an intriguing novelty only once. If he waits to run, the past half-century suggests that the wait could be eight years (see reason four, below). In 2016 he will be only 55, but there will be many fresher faces.

    Second, if you get the girl up on her tiptoes, you should kiss her. The electorate is on its tiptoes because Obama has collaborated with the creation of a tsunami of excitement about him. He is nearing the point when a decision against running would brand him as a tease who ungallantly toyed with the electorate's affections.

    Third, he has, in Hillary Clinton, the optimal opponent. The contrast is stark: He is soothing; she is not. Many Democrats who are desperate to win are queasy about depending on her. For a nation with jangled nerves, and repelled by political snarling, he offers a tone of sweet reasonableness.

    Fourth, the odds favor the Democratic nominee in 2008 because for 50 years it has been rare for a presidential nominee to extend his party's hold on the presidency beyond eight years.