It's All Over. Not.
Like you, I've been reading all the post-election autopsies. Here, for my money, is the smartest I've seen so far, from Michael S. Greve at the Library of Law and Liberty, hat-tip, as so often, to the Blogfather, Glenn Reynolds of Instapundit:
For advanced democracies in the transfer state predicament, there are only two ways out. One is a responsible Social-Democratic party that is (1) cognizant of the fact that a wrecked economy would also wreck its constituencies and (2) capable of holding labor unions in line. Successful reform countries—Canada, Germany, Sweden, and (more arguably) Brazil—all have that dynamic in common. America had but forfeited that chance in 2008, with Mr. Obama’s victory over Mrs. Clinton. The moment is gone for good, and Mrs. Clinton (should she enter the 2016 sweepstakes that started yesterday) will go nowhere. The new face of the party is Elizabeth Warren et al—brutal, ruthless hacks from Harvard.
The only other way out is a political force that offers a competing social model. That force, and that model, does not now exist—largely, I suspect, on account of our grimly professional politics. Conservatives felt compelled, for eight long years, to defend the Bush administration, an exercise that left them exhausted and compromised. After 2008, they should have done what opposition parties normally do—rethink, and regenerate. Alas, there was never any time for that: all the energy went into a fight against Obamacare, stimulus bills, etc.
Read the whole excellent thing here.