Even if Fred were the winner we would be in trouble - the Dems would simply outvote us at every turn. In ND, the total number of Republicans voting was 20% less than what the leading Dem received alone.
Like 2006, this year could be a big Dem year. If Hillary or Obama win it will likely be big, with their coattails allowing many Dems to ride to Senate and Congressional seat as well as Guv, etc. And those who want to sit out the election or say a vote for McCain is no different than a vote for Hillary/Obama will allow that to happen if feelings don't change between now and Nov.
Nor should we fall for the trap of thinking that an Obama/Hillary presidency will show the American people how awful liberalism is and allow Reps to make a comeback in 2010 and 2012. 2008 may be the year in which liberalism becomes the dominate way of political thought for the next couple of decades.
I live in Ky, which has long been a swing state which twice voted for Clinton and twice for W. My sense is an Obama or Hillary would do very well here, possibly well enuff to win.