Another loss would push national Republicans to the brink of collapse. Not since the days of Franklin Roosevelt have Democrats held such commanding majorities in both houses of Congress in addition to the White House. Plus, in a term that will likely see the retirement of at least two (and maybe more) Supreme Court justices, President Obama won't have to negotiate with GOP legislators over his appointments to replace them- in other words, there won't be any compromise pick.
It's not that Republicans will disappear from politics as we know it, but certainly, it would take the GOP a decade or more to claw their way back to the top of the electoral heap. When the GOP lost the House in the 1954 elections, it took forty years to return to the majority. They lost the Senate that same year, and it took more than a quarter century to even be competitive again.
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