Evan Bayh/Mark Warner (or Mark Warner/Evan Bayh) against Bobby Jindal/Mitt Romney (or Mitt Romney/Bobby Jindal).
Two termer Mike Huckabee is very popular, and his VP (either Romney or Jindal) picks the other for VP nominee (although the VP nominee could be someone else, like Pence or Crist, but the above is the most likely). Neither Bayh nor Warner win their own states.
Assuming that the electoral college is the way that it is now, the Democrats have 92 electoral votes and the Republicans have 446.
Popular vote: 45% for the Democrats and 53% for the Republicans.
The Democrats lose Virginia by 1% and Indiana by 6%.
