MN: Obama 52%, McCain 45% (Rasmussen)
WI: Obama 51%, McCain 41% (WISC-TV/Research 2000)
WI: Obama 54%, McCain 44% (Rasmussen)
WI: Obama 52%, McCain 42% (SurveyUSA)
WI: Obama 51%, McCain 46% (CNN/Time)
Opponents of Republican presidential nominee John McCain have been trying to derail his campaign by tying him to the hugely unpopular George W. Bush. Bush's approval numbers are still trickling downwards—now in the high 20s to low 30s in most national polls. One of the tactics used by the Democrats has been to call a McCain presidency a "third term" of President Bush.
Putting aside how a McCain presidency would govern vis-à-vis Bush, how likely is it that the party of an exiting two-term President could hold onto the power of the White House?
Smart Politics dug back into the history books and examined each of the 11 previous U.S. presidents that had been elected to and served at least two complete terms in office: George Washington, Thomas Jefferson, James Madison, James Monroe, Andrew Jackson, Ulysses S. Grant, Woodrow Wilson, Franklin D. Roosevelt, Dwight D. Eisenhower, Ronald Reagan, and Bill Clinton.
Of the 10 presidents who were affiliated with a political party (George Washington was not), only 3 failed to have coattails for their party's subsequent nominee:
The political party of the remaining 7 presidents was able to keep control of the White House—at least for one more term. However, this has only happened two times since 1876.
Democrat Franklin D. Roosevelt was also succeeded by a Democrat, Harry S. Truman (elected in 1948), although that doesn't cleanly fit with the above examples as Truman had already served out the the remainder of Roosevelt's presidency after his death in April 1945.
In short, during the past 132 years, an exiting 2-term president's party has succeeded in retaining power in just one (Reagan to Bush) out of four instances. The time when political parties could control the White House in a dynasty-like fashion appears to be a relic of our political history.