John Quiggin at Crooked Timber describes the meltdown in Austrialia's business party (the misnamed Liberals) after the loss of last weeks election. It appears that almost all of the Australian Liberal Party leaders have announced that they are leaving politics rather than find themselves relegated to the backwaters of the opposition.
Is Trent Lott's recent announcement that he will resign his seat (See also this NY Times article) in the Senate before December 31, 2007 the beginning of a similar conservative party meltdown in the U.S. Senate? We can hope.
Go read Quiggin's post.
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