Daniel Larison on the state of the Republican Party and why (read the whole thing):
One the reasons why the GOP has so little credibility left is that its members and its spokesmen spent the better part of the fall concocting exaggerated, if not absolutely ridiculous, narratives that put all of the blame for the crash solely on the other party, which had not been in power during most of the period in question. One might be able to understand, if not condone, this on account of the timing right before a general election, but the infuriating thing is that they actually came to believe that these tall tales were correct and they have continued to repeat them as if they were true. Unanimous House GOP opposition to the stimulus bill seemed unwise to me at the time because it suggested that the party had learned nothing from its electoral repudiations, and more than this it suggested that the party was unwilling to take responsibility for decisions that its leaders had endorsed over many years…In short, the leadership took the wrong side on the obviously winning issue of resistance to the bailout and then took the right, but politically toxic side in the stimulus debate, all the while believing that it had behaved both responsibly and cleverly. If there is to be any credible Republican opposition to centralization, it is not going to come from the current House and Senate leadership. The leadership must be replaced. It will be as clear a break with the Bush-accommodating ways of the past as the GOP can manage at the moment, and it could bring to the fore a new set of leaders in the minority to craft an agenda, or for that matter simply an alternative budget proposal, that will not be immediately laughed out of the room.