He can afford to wait and pick the right time to jump into the race. The tv debate the other night looked like a high school debating club. There was not one impressive candidate on there.
THE HISTORICAL PRECEDENT: Normally, when a candidate loses a presidential election, if he runs again, he does even worse (Adlai Stevenson, William Jennings Bryan). However, in every example we have from history, whenever a candidate has won the popular vote but lost the electoral, when he comes back next time, he wins the election.
In the next presidential election, no one will have the advantage of incumbency. There will be nobody who is already president running for re-election. So this will be an election like the ones in 1988 and 2000, in which we look at the candidates and try to imagine one of them as President. This is a whole psychological process on the part of people choosing their leader. In 1988, Dukakis started out ahead in the polls, but not enough people looked at him and saw a president. Crossing that threshold of not just plausibility but imaginability is all important.
Along that line, Big Al has a leg up on all his Democratic rivals and any candidate the Republicans might offer. No, he has never been president, but it almost seems as if he has. He was Vice President for eight years, which helps, but he also won the popular vote in 2000. In the minds of many who'll be voting in the Democratic primary, he did get elected but was robbed.
ANOTHER WAY TO TELL IF GORE IS RUNNING: An Inconvenient Truth will probably be nominated for an Oscar. It's the third highest grossing documentary in history and the most successful documentary of 2006. It will probably win. If you see a chubby, happy Al Gore standing next to the producer and director, celebrating the win at the Oscars, forget it, he's not running. Nothing to do with Hollywood plays well in the heartland (except the movies themselves). The cultural resentment of Hollywood is almost pathological in certain sections of the country. However, if Gore chooses not to be there -- if he's at the spa that day -- then you can take it to the bank. Big Al's running.
http://www.sfgate.com/cgi-bin/blogs/mlasalle/detail?blogid=38&entry_id=10967
Then there's Hilary:
"You mean she can't run just because her husband was President?" a Hillary supporter yelled at me. "That is the most incredibly sexist thing I've ever heard." Yes and no. My guess is that Hillary Clinton would roll into Iowa with an incredible, Howard Dean-like head of steam in January 2008, and then the folks—yes, even the Democratic base—would give her a very close look and conclude that a Hillary presidency would be slightly dodgy. The Clinton line in 1992 was, Buy one, get one free. We've already had that co-presidency—for its full, constitutional eight years. What's more, I suspect there would be innate and appropriate populist resistance to this slouch toward monarchial democracy. There is something fundamentally un-American—and very European—about the Clintons and the Bushes trading the office every eight years, with stale, familiar corps of retainers, supporters and enemies. Bill Clinton was a good President. Hillary Clinton is a good Senator. But enough already. (And that goes for you too, Jeb.)
http://www.time.com/time/columnist/klein/article/0,9565,1059000,00.html