But the race is totally wide-open on the Republican side. Some people once called New Jersey Governor Chris Christie the front-runner because he won a huge re-election victory in a generally blue state.
But even before Bridgegate, Christie faced significant questions about his ability to play outside the Northeast and catch fire in early primary and caucus states. Even many of Christie's biggest supporters on Wall Street remained unconvinced he was the best bet to win back the White House for the GOP. The front-runner talk was extremely premature.
And now many people call Christie's prospects dead given the Bridgegate scandal. Wrong again.
Christie took a hit from the George Washington Bridge lane closure imbroglio but so far it has been far from fatal. A recent national poll showed Clinton beating Christie 55 percent to 39 percent in a hypothetical general election matchup. Prior to the scandal, the two were in a statistical dead heat. So forget Christie, right?
Not so fast.
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The presidential election is not a national vote. It's 50 state-by-state contests with a handful of closely fought battlegrounds making the difference. In at least one of those battlegrounds, the key state of Virginia, Christie and Clinton remain locked in a dead heat.
Indeed one could argue that if nothing more comes to light linking Christie directly to the decision to close the lanes, he could emerge from the scandal battle-tested and ready for a resurgence. There is plenty of time.
Then there's the matter of former Florida Gov. Jeb Bush, a favorite of many on Wall Street who strongly backed Mitt Romney's 2012 bid. There is a strain of thought among some in the GOP that Bush, should he run, would waltz to the nomination and create another "Clinton-Bush" race echoing the 1992 campaign.
One GOP donor went so far as to tell The Washington Post: "If Jeb Bush is in the race, he clears the field. … You would have someone who has the talent that is equal to Mitt. The natural inclination for Mitt supporters would be to gravitate toward Jeb Bush because he's a candidate that can win a national race."
Think for a moment about the absurdity of that statement.
First off, there is no way Bush "clears the field." He would certainly face conservative and/or populist challengers such as Kentucky Sen. Rand Paul, Texas Sen. Ted Cruz and who knows who else. And while Wall Street loves Jeb, they do not believe that Romney, whom they also loved, had all that much "talent."
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If Romney did have that talent, the thinking goes, he would be president right now instead of making huge gaffes like the "47 percent" comment and losing to a modestly popular incumbent presiding over a crummy economy.
That's where the fear comes in about rallying around a candidate too soon. Many in the GOP would want to see Bush handle a serious primary race before making any final commitment to a candidate.
Want to know just how wide open the GOP field really is? That poll showing Clinton over Christie in a national race found that the GOP leader is, wait for it, Mike Huckabee, with 14 percent support.
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There is no way on Earth if Huckabee runs he will get the Republican nomination. The party desperately wants a candidate who can win a national race by appealing to swing voters in Ohio, Florida, Virginia and elsewhere and Huckabee is not that candidate.