Pre-Post-Bush

Matt Yglesias wonders what's to be done once the long midnight is over. Reihan Salam has a piece on the consequences of a Bush defeat for the Republican party---I can't tell how accurate it is, but it's certainly entertaining. (He's also got a parallel piece on the consequences of a Kerry loss for the Democrats.)

I have a more elementary question: Is the Bush campaign in a position to acknowledge defeat if Kerry gets 270 or more electoral votes? What could a Bush concession speech possibly look like?