The Associated Press is reporting that the notorious resolution to rename the Democratic Party the "Democrat Socialist Party" has gone down to defeat. Sane Republican Michael Steele and his allies were able to talk down the crazies, so there will be no renaming effort. Of course, the GOP is still calling Obama's exercise in Keynesian economics "socialism", so they haven't completely abandoned The Crazy, but at least they won't be trying to tell the Democrats what name their party should have.
My hypothetical readers will recall the prediction I made here that if the crazies succeeded in passing this resolution they would become drunk with power and force out Steele (and incidentally doom the GOP to follow in the footsteps of the Federalist Party). With the Democrat Socialist Party resolution defeated, Michael Steele has bought himself and the GOP some time. If the GOP does in fact return to sanity and political relevance in the future, historians may cite this vote as the turning point.