Yes I know this is a bit of a stereotypical thread for this forum but it's an interesting article!
http://news.independent.co.uk/world/americas/article2152839.eceThe suave former Massachusetts governor Mitt Romney appears at a Boston convention centre for a public fundraising extravaganza that nets a cool $6.5m (£3.3m) in a single business day. Democrat Barack Obama appears at a party dinner in New Hampshire, as if he were the second coming. Oh yes, and a supposedly secret internal strategy document of the Rudolph Giuliani campaign appears on the front page of a New York tabloid - courtesy of a source "sympathetic to one of Giuliani's rivals for the White House". Need more be said? The biggest, costliest and most unpredictable political show on the planet is getting under way in earnest.
The first votes that actually count in the struggle to succeed George W Bush will only be cast on 14 January 2008, when Iowa holds its caucuses. But the action is already coming thick and fast, despite the fact that the most important of the expected candidates - Obama and Hillary Clinton for the Democrats, Giuliani and John McCain for the Republicans - have yet to formally declare.
For the first time since 1928, no incumbent President or Vice-President is seeking his party's nomination. Come 20 January 2009, America might find itself inaugurating its first black president, its first female president, even (if Romney goes all the way) its first Mormon president. For now, suffice to say, the country may be facing its most turbulent election cycle since 1968.
The comparisons with 1968 are striking (assassinations excepted, one prays). Now, as then, America is embroiled in an unpopular war, and led by an unpopular President (with the difference that Bush, unlike Lyndon Johnson, is barred from running again). That election ended 36 years of Democratic dominance; 2008 could end an even longer era of Republican supremacy. Now as then, the limits of American military power abroad have been exposed - but with added uncertainty now about the limits of American economic power, threatened by debt, deficit and fast-growing powers like China and India. According to statistics, the US is becoming more prosperous, but rarely have people worried as much about their jobs, schools, healthcare and general standard of living.