Sometimes the very thing you're looking for
Is the one thing you can't see

And now we're standing face to face
Isn't this world a crazy place
Just when I thought our chance had passed
You go and save the best for last


John McCain has executed a phoenix-like comeback. Now leading in the polls in New Hampshire, he is on the verge of winning the historically meaningful "first" primary. His new-found potency, once again, incredibly, makes him a viable player in the greater race for the Republican nomination. Is the much-maligned John McCain really going to win the Republican standard in 2008?

David Brooks, Robert Novak, and Bill Kristol think so.

While confessing my admiration for McCain, and reminding readers that I had come out for McCain twenty-one months ago as a courageous and electable Reagan conservative, I wrote with confidence a few days ago that the McCain comeback would necessarily fall short.

I offered a list of five improbable events, which would need to transpire in order for the seventy-two year-old Arizona senator to emerge victorious. But I argued then, taken together, they were highly unlikely; however, yesterday I noted that "two have come to pass and, incredibly, the ice seems to be breaking on the other three."

The Five Signs of the Political Apocalypse:

1. Huckabee holds on to Iowa.

Happened. This much and more. I had expected Huck to fade a bit and Mitt Romney to prevail thinly on the strength of money, organization, and electability. Not so! Huckabee won the caucus by nine points, and he is the darling of the national press corps this weekend. On the other hand, the person McCain has always seen as his primary obstacle to victory, Mitt Romney, is staggered, bloody, and on the ropes.

2. McCain "finishes strong" (third place) in Iowa.

Miraculously, in effect, this happened also. McCain surged to finish in a statistical dead-heat with Fred Thompson for third-place in Iowa, adding to his growing sense of possibility and sapping Fred of the bounce he might have enjoyed from a solo finish in the money.

3. Independents in NH abandon Obama and other attractive fruitcakes and come out for McCain.

Of the five improbables, this one remains the most intractable. While McCain did well with independents in New Hampshire in 2000, New Hampshire independents have a lot more choices than they did then: Ron Paul, John Edwards, and, most troubling for McCain, Barack Obama.

Many pundits had averred that an Obama loss in Iowa would help McCain with independents in New Hampshire--but, alas, a triumphant Obama arrives in the Granite State with momentum, enthusiasm, and a compelling pitch for independents. One other problem for McCain and NH independents: while McCain's incredibly courageous and prescient leadership on the war in Iraq inspires rock-ribbed Republicans, I wonder whether this facet of his current political package makes him much less appealing to these independents, whoever they really are?

On the other hand, perhaps the conventional wisdom is wrong, and McCain does not really need the mysterious independents to win this race. Perhaps he is surging the old-fashioned way--which could portend more success in the aftermath of New Hampshire 2008 than in 2000. Following the shocking McCain upset eight years ago, the independent-tainted victory seemed an albatross around his neck in the ensuing primaries, serving as further proof to core Republicans that the Maverick really was not one of us.

4. At the crucial moment, the GOP establishment (conservative talk radio, blogs, non profits, etc.) experiences an epiphany, suddenly embracing "Maverick McCain" and admitting grievous error.

Within my original post a few days ago, I said: "Not in this lifetime." But, maybe so. Of all the "improbables," this would be the most ironic. It is not happening right now--but a big win in New Hampshire, which seems possible, will force conservatives to re-examine McCain. Rush has advocated for Fred Thompson as the only conservative alternative. Sean Hannity says he could accept either Rudy, Mitt, or Fred Thompson. But what if none of these candidates are around next month? Mitt is probably out. Fred is Fred (see below). Rudy is in the netherworld right now--but will likely get one more chance on the national stage as we head South (and West).

My point: alternatives to McCain are falling away. At some point, conceivably, the conservative establishment could be forced to pick between two options: McCain or Huckabee. Most likely, they pick the old hero.

5. Fred Thompson proves as lifeless as advertised.

As noted above, Fred won third, but (quoting myself from yesterday) "[h]e pulled off a surprisingly lackluster and curiously uninspiring third place. He may have, once again, done the minimum to keep himself above water in this race."

Fred is still alive--but only because there are so few other options. Let's see what happens in the big prime-time, nationally televised debate tonight on ABC--but, as always, it is now or never for Fred. He certainly could prove as "lifeless as advertised" and as insignificant as every knowledgeable person in the mainstream media seems to think. We'll see.

The Bottom Line: Does McCain have a chance? Yes. Today I think he does, but I still would not bet the house on it.