Will 2008 bring the first Internet president? Last time, Howard Dean and later John Kerry showed that the whole idea of "early money" is now obsolete in presidential politics. The Internet lets candidates who catch fire raise millions in small donations practically overnight.

No one knows exactly where technology is taking politics, but we're beginning to see some clues. For starters, the longtime stranglehold of media consultants may be over. In 2004, Errol Morris, the director of "The Thin Blue Line" and "The Fog of War," on his own initiative made several brilliant anti-Bush ads (they featured lifelong Republicans explaining why they were voting for Kerry). Not only did Kerry not air the ads, he told me recently he never even knew they existed. In 2008, any presidential candidate with half a brain will let a thousand ad ideas bloom (or stream) online and televise only those that are popular downloads. Deferring to "the wisdom of crowds" will be cheaper and more effective.