First read this from Paul Krugman:
Most of the post-election discussion will presumably be about what the Democrats should and will do with their mandate. But let me ask a different question that will also be important for the nation's future: What will defeat do to the Republicans?(...) the Republican rump, the party that's left after the election, will be the party that attends Sarah Palin's rallies, where crowds chant "Vote McCain, not Hussein!" It will be the party of Saxby Chambliss, the senator from Georgia, who, observing large-scale early voting by African-Americans, warns his supporters that "the other folks are voting." It will be the party that harbors menacing fantasies about Barack Obama's Marxist -- or was that Islamic? -- roots. Why will the G.O.P. become more, not less, extreme? For one thing, projections suggest that this election will drive many of the remaining Republican moderates out of Congress, while leaving the hard right in place.(...) Also, the Republican base already seems to be gearing up to regard defeat not as a verdict on conservative policies, but as the result of an evil conspiracy. A recent Democracy Corps poll found that Republicans, by a margin of more than two to one, believe that Mr. McCain is losing "because the mainstream media is biased" rather than "because Americans are tired of George Bush." And Mr. McCain has laid the groundwork for feverish claims that the election was stolen, declaring that the community activist group Acorn -- which, as Factcheck.org points out, has never "been found guilty of, or even charged with" causing fraudulent votes to be cast -- "is now on the verge of maybe perpetrating one of the greatest frauds in voter history in this country, maybe destroying the fabric of democracy." Needless to say, the potential voters Acorn tries to register are disproportionately "other folks," as Mr. Chambliss might put it.(...) the G.O.P.'s long transformation into the party of the unreasonable right, a haven for racists and reactionaries, seems likely to accelerate as a result of the impending defeat.

And then this from Hindu mythology:
There was once a man chopping wood in the forest. He was splitting the wood, stacking it in piles etc. "It's very exhausting work," he thought. So he sat under on particularly nice tree, and he thought to himself, "I just wish all this wood would chop itself." So suddenly all the trees chopped themselves and stacked themselves up very nicely. "What is this?" he thought. "I just wished that it would happen, and it happened." So then he looked up at the tree he was under, and he realized that it was a kalpataru tree. "This is wonderful! Now I desire a beautiful woman." Poof! The most beautiful woman appeared to him. "Now I desire a beautiful palace to live in, I desire so many servants, an opulent feast.." On and on he went for many hours, and every single thing appeared because he was sitting under a desire tree. But then he thought, "The sun is going down, it's getting dark now. I know what's going to happen. Because this is a jungle, a tiger's going to appear and that tiger's going to eat me." So lo and behold, because he thought it, and he was sitting under a desire tree, a tiger appeared and gobbled him up.
MORAL: Vancha kalpataru 'bhyas ca. A devotee is a desire tree, so we have to be very careful what we desire.

• The Republican Party, which is one half of America's two party system, running with its last heavyweight moderate, loses big and moves farther to the right.

• Thanks to Bush, the economic and international situation are so deteriorated that the Democrats, despite a huge majority and no opposition worthy of the name to blame their troubles on, prove impotent in the face of it all and fail miserably.
  

• Mass unemployment, "stagdeflation" and humiliation in Iraq, Afghanistan, the Middle East and Latin America have become the exclusive property of the Democrats, who Bush has left holding the bag.
  

• Totally purged of moderates, the Republicans, in their most reactionary form, return to power, first in midterm and finally in 2012.