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In 2008, a New Orleans funeral procession cling-clanged through Studio 47 here at CBS. The Republican Party was dead. It would take at least several cycles before it returned. Obama had won a mandate, and we were pretty sure that people would endorse a more activist government. After all, that's what Obama ran on. Such hubris. So we should be wary of hubristic projections tonight. Clearly, a dead party can revivify in two years provided the energy in the electorate is there.

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Marc Ambinder is an Atlantic contributing editor. He is also a senior contributor at Defense One, a contributing editor at GQ, and a regular contributor at The Week.

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