Incumbent White House parties have won 10 of the last 18 presidential elections; the odds are tight, but they favor Obama in 2012. And so gloomy Democrats, check your despair; gleeful Republicans, watch the hubris. (Jon Meacham)

Incumbent White House parties have won 10 of the last 18 presidential elections; the odds are tight, but they favor Obama in 2012. And so gloomy Democrats, check your despair; gleeful Republicans, watch the hubris.

Jon Meacham

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