Reihan on what an Obama presidency may do to the right:

I think that many people will be disillusioned by President Obama, particularly if we really are at the beginning of a lasting food-fuel-credit crunch. The left is positively gleeful about the dire straits of the Republican party. My own sense is that the right is very fortunate: we have an opportunity, finally, for a real re-think. The left, in contrast, is creative mainly at the margins. They’ve won the political argument. They haven’t won the substantive argument.

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