Over at HotAir, Ed Morissey asks if Obama's triangulation has flopped.

We've been hearing a lot about 1994 lately, but people tend to forget that Ross Perot made a real showing in 1992 and was a major factor in 1996 -- for Clinton, moving toward the middle meant squeezing the space his 1996 challenger could occupy in between Clinton and the Perotistas, while for Obama this movement may open a space for the Naderites.

And Clinton was able to triangulate pretty deftly by supporting two issues -- free trade and welfare reform -- that had significant support among certain segments of his coalition. As many have noted these past couple days, the hated "Bush tax cuts" have been the left's bete noire for some time -- you'd be hard pressed to find a leftish faction with much good to say about the portion going to those making over $250K. And politics in general was more top-down 16 years ago, with the Internet a novel phenomenon and the term "blogger" still some years off, while far left Democrats were not still psychologically scarred from six years of being relatively powerless.

It remains to be seen whether the Obamaphile press can drag their man across the finish line, but things certainly aren't looking good right now.