If you are experienced with the stock market you understand the concept of "finding the bottom." It's when a stock, index or market seems to go as low as possible, but just kinda bounces along the bottom without turning up.
Ben Smith from Politico (via CBS) offers this sober assessment to the GOP and its failure to find the bottom of its spiraling defeat:
Four months after John McCain's sweeping defeat, senior Republicans are coming to grips with the fact that the party is still - in stock market terms - looking for the bottom.
Republicans this week are processing two sobering new polls that found the party's support reduced to a slim one-quarter of Americans. In the absence of a popular elected leader, its most visible figure is a polarizing radio host. Its strategic powerhouse is a still-divisive former House speaker forced from power 15 years ago.
And its hopes of demonstrating swift and visible change by pushing people of color to the fore have been dented by the stumbles of the party's two most prominent non-white leaders, national Chairman Michael Steele and Louisiana Gov. Bobby Jindal.
So perhaps it's no surprise that many prominent Republicans are forecasting a long winter.
"You think you hit bottom, and it can always go lower," said Republican pollster Whit Ayres, who said his party's best hope is that President Barack Obama overreaches. "The Republicans just entered the wilderness - we're going to wander around there for a little while before coming back stronger than ever.
"I have no idea where the bottom is just like I have no idea where the bottom is on the stock market," he said.
"It probably gets worse before it gets better, though I'm not sure how much worse it could get," said Tom Rath, a New Hampshire Republican leader and former state attorney general. "The first chance at redemption is 18, 19 months away, and we're going to have to gut it out here for a while."
The GOP is the party without solutions - the party who is pinning their hopes on the failure of America to recover from the economic downfall gripping the nation.
In that failure lies their hope for change. Ain't that pathetic?
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