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The Republican Party is looking an awful like American banks these days. Years of corruption and the exploitation of the American public has caused a historic decline that’s dragged the rest of the country down with it. Experts and insiders are now saying that, like the banks, the GOP is going to need a major bailout, perhaps in the form of electing its members to White House and Congress. The problem here, however, is that unlike the financial bailout, convincing the public to trust the future of the party enough to invest in it is proving much more difficult.

Failing a win in the White House or a gaining a Congressional majority when voting closes on November 4, the Republican Party will have to rely on their own resources to maintain their position in the political market.

Following in the great American tradition of pragmatism (and perhaps cynicism), conservatives are planning several post-mortem meetings in the wake of next week’s election.

A week after Election Day, The Republican Governor’s Association will take place. It’s theme: “The GOP In Transition.” In North Carolina, Republican leaders will convene to “discuss the lessons learned from the 2008 campaign, what we can do better and what it will take to win in 2010.” [www.politico.com]

In two weeks, top conservatives will gather for a weekend retreat in a Virginia mansion to discuss how to bring the party back to its glory days of the Reagan years. One of attendees told Politico [www.politico.com] that one of the topics they group will cover is who to groom for the next presidential election, if the party loses next week, and Sarah Palin is at or near the top of the list.

As the parallels between the banks and the GOP continue, don’t hold your breath for a Greenspan-esque admittance of responsibility from Bush or Cheney. Do expect, however, for things to get worse before they get better.

–Jamie Wong