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"This has magnified the always-existing fissures in the Republican Party, setting evangelicals against small-government libertarians against hawks and preventing any candidate from taking control of the race."
You left one of the splinter groups out of this sentence -- the fat cats. They worship the almighty dollar; everything else is a means to an end. And this week the fat lady is hitting some pretty low notes. The donation dollars are starting to go Democratic on the theory that anything beats the fiasco that is Bush economic policy; and that in any case the writing is on the wall and it's smart to back the winners. These people want something that works -- they spell the word "principal," not "principle." Forget the Presidential race for a minute and look at Congress -- compare the Republican war chest with the Democratic war chest. That's the story right there. Republicans: your landlady called and you have a week to move out. Don't let the door hit you in the ass.
Nostalgia is all those folks have right now. They're on their way to third-party status. If they survive as a major party it will be in name only.
Can the Democrats manage to represent the fat cats? Well, that gets complicated. Let's watch and learn.