"We can now safely predict that the Democrats, once the clear favorites to sweep both houses and the presidency in November of 2008, will blow it."
Here's how: Hillary Clinton fights all the way to the convention in late August, demands she be awarded the Florida and Michigan delegates. This wastes so much money, resources, and goodwill that could have been spent defeating McCain in November, he wins.
McCain's 2008 victory is sealed by the Stay Away Democrats. These "sad voters" as the media may well christen them, are the people who feel their party failed them. Tens of thousands of these sads will be Floridians, specifically Floridians who didn't vote in their state's primary because their party said their vote wouldn't count.
To these people, and I know some of them, the idea of awarding Florida's delegates to Clinton is so absurd, such a travesty of democracy, they will keep their wallets closed in the two months between convention and election day, and on that day they will stay home. If you think that won't happen, consider how a Floridian Obama supporter will feel if Clinton does get the nomination. Thousands of Floridian Obama supporters didn't vote in their state's primary. Their candidate did not campaign there. The entire vote had already been declared invalid. You could argue, indeed the Democratic party did argue, at the national level, that NOT voting in that election was the right thing to do. And your reward for doing the right thing? Your candidate is denied the nomination.
I can think of no precedent for this situation and right now the Democratic party is acting like it has no clue how huge this problem is. And maybe 2008 is already too broken to be fixed. The implications are enormous, a potential national tragedy. Brought to you by: The Democrats.