As the United States recovers from the Government shut down and the fact that the Government nearly defaulted on all its loans, the Republican Party needs to take this opportunity to do some serious soul searching, figure out what its priorities are, and think how it can avoid being wiped out during next year's Midterm Elections.
The current US federal government shutdown - which is more of a slowdown - has merely set the stage for an even more nerve-racking deadline on October 17 when the US will cross their debt ceiling. At most the government could get by for another couple of weeks with $30bn cash on hand, but without a deal the US will in effect be in default in a couple of weeks.
It is such a shame that conveniently the religious right feel they can ignore parts of the ideals of the Founding Fathers. What I find more of a shame is that the Republican Party is slowly becoming synonymous with religion and religious values. There are only a handful of moderate Republicans anymore
Despite their last two presidential candidates running on a hard right platform and then losing, the majority of potential candidates for 2016 are those on the far right of the party. Meanwhile moderate candidates who could win, such as Jon Huntsman or Chris Christie, are slammed for being RINOs and too moderate.
The sequester was a legislative tool designed to scare the Congress into doing its job. It clearly seems to have failed to produce this result. If it goes into effect, the sequester means across the board cuts in every agency of federal government with no ability to control what is cut and what is not.
Investors were clearly thinking along traditional lines last week and wanted Romney, but the Obama victory doesn't have to be such a bad result for them. Chances of reaching a deal to avoid the fiscal cliff have increased a little bit with the outcome of these elections. And the outlook for getting to a more comprehensive agreement on getting back on a healthy fiscal track have improved somewhat with a second-term president and less power for the Tea Party.
One thing is for certain, however. In 2012, super PAC politics proved ineffective when faced with a massive Obama turnout/campaign machine that was able to mobilize the base and push huge numbers of supporters to wait in line and vote for the incumbent. It appears that grassroots efforts and microtargeting, as old school as these electoral methods may appear, trumped the new, emerging brand of super PAC politics. Good.
My faith in Obama was justified. We won again - and I don't mean just Obama, the Democrats or the people who voted for him. I truly believe that every man, woman and child - no matter what colour their skin, ancestry, faith or sexual orientation - has won something from the re-election of Barack Obama as the President of the United States.
Republican and Tea Party pundits have talked about the potential for these burgeoning groups to change their voting preferences over time. But the GOP clearly risks long-term demographic suicide if its leaders continue their love-hate relationship with the centre without finding more imaginative ways to meet these voters halfway.
Unlike in the UK, where you have viable alternatives to the two prevailing parties (I am particularly enamoured with the Monster Raving Loony Party), the Republicans and Democrats in America have created high petition thresholds for ballot access that make it next to impossible for third parties to compete.