Future of the GOP

Last November's sweeping election of Barack Obama and further losses in Congress presented Republicans with their worst defeat in more than a decade. Republicans recognize that they are at a low ebb but believe they still have a firm foundation for success. Congressional Republicans have decided to oppose Obama's spending proposals, rather than trying to collaborate in a bipartisan fashion. They believe a clear statement of core party principles — lower taxes and limited government — will still be popular. Others aren't convinced, arguing that the party must adapt to challenges it faces among minorities, the young and voters outside the South. Other parties have snapped back quickly from similar losses, but some predict that Republicans face a long period in the political wilderness. Meanwhile, it's not clear who speaks for the party — the congressional leadership, potential presidential aspirants such as Alaska Gov. Sarah Palin and Louisiana Gov. Bobby Jindal, or even radio talk-show host Rush Limbaugh.