So now we know. And it's not good. I'm trying to sort through exactly how "not good" it is, and attempting to avoid being alarmist.
But it's hard. There's a debt crisis coming. Yes, the "fiscal cliff" too, which is a big deal, but that's just a symptom of the debt. Things would have been tough with Romney. I don't see how things work at all with Obama.
So how fast will the debt crisis bite us in the rear? Good question. Could be years, perhaps after Obama is out of office. Or it could be next year. Given tepid economic news here and discouraging economic news from Europe, I'm reasonably certain that a double-dip recession is in the cards.
When Greeks rioted over governmental austerity, the world raised a serious eyebrow. Frankly, Europe still isn't out of its troubles. But if the US starts to look like Greece (and by certain measures we're worse than Greece already)... the entire global political, economic, and military/defense system begins to warp.
I'm still sorting out what this means, but it's not a good sign that the country re-elected a President who has done literally almost nothing right except fail to close Gitmo as he promised. The man has absolutely no grasp of economic reality. The ability of the electorate to self-correct when faced with an existential crisis is in very serious doubt.
As to who is at fault, or how Conservatives can rebuild, I'm still sorting that out too. But here are a few of the more reasonable responses to those questions:
- "Three Ways of Explaining Defeat" - Victor Davis Hanson at NRO
- "What Happened" - Tucker Carlson and Neil Patel at The Daily Caller
- "Ten Reasons Why Romney Lost" - Ace at the Ace of Spades blog
- "How Romney Lost" - Kevin Williamson at NRO
- "Live Free... Or Die" - Mark Steyn at NRO
- "It's Not Just A Math Problem" - pollster Steve Lombardo at HuffPo
- "Last Night, You Got To See Why I Co-Founded NotMittRomney.com" - John Hawkins