No sooner had the haze cleared from the GOP’s 2012 train
wreck than the hand-wringing began (yes, even by me) over the future of the
Republican Party.
Faced with defeats in the Senate as well as the presidency,
GOP leader Sen. John Cornyn called for “reflection and recalibration.”
“While some will want to blame one wing of the party over
the other,” the Texas Republican said, “the reality is candidates from all
corners of GOP lost tonight.”The election’s impact extended far beyond the political arena, however. Here are my lists of winners and losers, after the thousand slings and arrows of 2012.
BIG WINNERS
Health Insurance
Companies
Shortly after the race was called for President Obama,
America’s Health Insurance Plans, an industry trade group, congratulated the
incumbent and “members of Congress in both parties.” Virtually no obstacle remains to the 2014 implementation
of Obamacare, and millions of Americans will be required by their government to
become customers of the insurance industry, which expects to reap a windfall.
Sen. Rob Portman
Ohio, Ohio, Ohio. The
GOP lost the state, but that might have been different if Mitt Romney had
tapped the state’s popular Republican Senator Rob Portman. The affable Portman helped Romney draw crowds
there, and played the key role in prepping Romney for the debate that was
Romney’s best moment.
Banks and Wall Street
Despite President Obama’s “tax the rich” rhetoric, banks and
the investment community have reaped billions thanks to the cheap money
policies promulgated by the Federal Reserve.
True, Wall Street is nervous about the fiscal cliff, as reflected in the
market selloff the day after Obama won.
But the too-big-to-fail banks are bigger than ever, and Wall Street has
enjoyed record profits in this stimulus-happy of deficit spending.
Hillary Clinton
The first call Obama placed after Mitt Romney conceded was
to thank Bill Clinton for his support.
Due in part to husband Bill, Secretary of State Hillary Clinton now has
so many chips to call in across the Democratic Party, she has to be considered
the inside favorite for the Democratic nomination is 2016. Even gaffe-machine Joe Biden probably couldn’t
stop her.
House Speaker John
Boehner
Boehner is the No. 1 GOP leader left standing on Capitol
Hill. There were worries that the
Republicans might lose control of the House but, despite the Democrats’
onslaught, they kept a solid majority.
His Senate counterpart, Sen. Mitch McConnell, lost a golden opportunity
to gain ground in the Senate. If Obama
wants a bipartisan legacy, he’ll have to do business with Boehner.
China
The rising nation’s communist leaders were among the first
to congratulate President Obama, and why not?
After all, Romney had promised to label them “currency manipulators” in
his first day in office. Under Obama,
with trillion-dollar deficits projected for as far as the eye can see, they can
rest assured that America’s fiscal solvency will continue to spiral downhill.
Marco Rubio
Being passed over as Mitt Romney’s running mate was probably
a blessing in disguise for Rubio, the inspirational junior senator from
Florida. He served up a rousing speech at
the party’s national convention and established himself as a rising star in the
GOP. By grabbing 69 percent of the
Hispanic vote Obama exposed Republicans’ vulnerability with that demographic.
Rubio, a bilingual Cuban-American, is uniquely positioned to hone his party’s
appeal to Latinos.
Jeb Bush
After Obama captured an eye-popping 69 percent of the
Hispanic vote, the former Florida governor is arguably the most Latino-friendly
Republican on the national scene. A bona
fide conservative, he also had demonstrated a willingness to challenge his
party’s orthodoxy. Footnote: There is no path to a GOP presidency without
Florida.
BIGGEST LOSERS
Sen. Mitch McConnell
When the cycle began, it looked like the senior senator from
Kentucky could soon be sizing the drapes in the majority leader’s office. Now, Republicans remain stuck in the minority
and McConnell has to worry about winning re-election in 2014. He’ll be fortunate to avoid a serious
grass-roots challenge in the primary.
The Tea Parties
The tea party activists were unable to help Romney carry
Wisconsin, Pennsylvania, or Ohio, raising inevitable questions about their
ongoing influence. Party insiders and operatives,
moreover, will not soon forget the Senate losses in Indiana (Richard Mourdock)
and Missouri (Todd Akin).
Super PACs
After all the talk by Democrats that billionaires would use
the super PACs to buy the election, it is not clear what difference they
actually made. Republican PACs spent an estimated
$355 million, compared to $272 million for Democrats. Next time, well-heeled donors may think twice
before opening their wallets, considering the results.
Scott Brown
The Massachusetts Republican headed to D.C. after capturing
the seat of the late liberal lion Ted Kennedy.
But despite Brown’s moderate positions and willingness to cross the
aisle, Massachusetts’ rising blue tide ultimately proved too much to defeat
liberal darling Elizabeth Warren.
The American Voter
The voters’ choice to keep Obama in the White House,
combined with GOP control of the House, basically assures four more years of
gridlock in Washington. Nor can Obama
claim a mandate, given his difference to actually offering a second-term
agenda.
Chris Christie
The New Jersey governor’s election-eve embrace of Obama probably
helped his cause in his own state. But
it will complicate any bid for national office.
And Romney’s example shows, his tacking to the right in the GOP primary
then back to center in the general election is too much for moderate from the
Northeast corridor to survive.