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Maybe House Republicans learned their lesson last week after President Barack Obama joined them at their retreat and proved once again to be a very formidable opponent rather than a mere foil.
But even if the presidents poised performance brought some of them back to reality, Democratic defeats in Virginia, New Jersey and Massachusetts, as well as public opinion polls showing voters unhappy with the direction of the country, have combined to make too many Republicans downright giddy about the fall elections.
In fact, GOP political consultants and strategists arent popping Champagne corks yet. Instead, they worry about the euphoria on the right and believe that the party has a long way to go before it can nail down a big win in the midterm elections.
Some Republican operatives are openly concerned about the partys tactical disadvantages, most notably its financial position. Others fear that circumstances could change, robbing the GOP of its strategic advantage.
The National Republican Congressional Committee ended 2009 with $2.6 million in the bank, far behind the $16.7 million that the Democratic Congressional Campaign Committee had. While the DCCC raised $55.7 million for the cycle, the NRCC brought in about $20 million less.
I dont care how great the political environment is, one smart Republican asserted, if you dont have the cash, you are going to get smacked. [Democrats] can buy their way out of trouble if they have that kind of financial advantage in the fall, just the way that we used to do.
During five election cycles from 1996 to 2004, the NRCC carpet-bombed Democratic challengers with cash and TV ads, rescuing each cycle a handful of underwhelming Republican Members who couldnt find their own way out of a paper bag. Now the DCCC surely will employ the same strategy.
And Democratic incumbents are not without their own resources. Rep. Gabrielle Giffords (D-Ariz.) had almost $1.6 million in the bank at the beginning of the year, while Rep. Christopher Murphy (D-Conn.) had just less than $1 million. Rep. Bill Foster (D-Ill.) had just more than $1 million on hand, while Rep. Suzanne Kosmas (D-Fla.) had almost seven times as much money in her war chest as her best-funded challenger.
Reps. Mark Schauer (D-Mich.), Zack Space (D-Ohio) and Michael McMahon (D-N.Y.) are also sitting with more than $1 million in the bank each and with huge cash advantages over their likely opponents.
In 1994, Democrats didnt have much advance warning [about the Republican political wave]. We arent going to catch anyone off guard this time, a GOP consultant worried.
Republican prospects in the House and the Senate increasingly look good, but that doesnt mean that every race is winnable.
Everyone [on our side of the aisle] now seems to think that Massachusetts can happen everywhere, said one GOP consultant derisively about the excessive optimism that some Republicans are exhibiting after Scott Browns special election victory.