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I gave a lecture on critical realignment theory today in our PO101 class, and wouldn't you know it, but after I was done I came across this. Via Andrew Sullivan, here's Bill Clinton talking about the upcoming midterm election:

"This is an election unlike any other I have ever participated in. For six years this country has been totally dominated - not by the Republican Party, this is not fair to the Republican Party - by a narrow sliver of the Republican Party, its more right-wing and its most ideological element. When the chips are down, this country has been jammed to the right, jammed into an ideological corner, alienated from its allies, and we're in a lot of trouble ... The Democratic Party has become the liberal and conservative party in America. If you want to be fiscally conservative, you've got to be for us. If you want to conserve natural resources, you've got to be for us," he said. "If you want a change of course in Iraq ... you've got to be for us."

Clinton wasn't properly positioned in history to drive a realignment, but he no doubt knows what one looks like. The only question is, will the moderates within the GOP reclaim their party, or will they bolt and help the Dems create - at least temporarily - a new majority?