It's funny. This morning I've heard 5 different congressmen remark in one way or another that what the GOP needs to do is what they did in '94 to win control of the House. That's 5 different references, either directly or indirectly, to Newt Gingrich's contract with America. Many people think that this defeat of current GOP office-holders pretty much puts McCain on the outs as far as the GOP nomination in '08 goes. With George Allen losing in Va. that leaves outsiders Mitt Romney and Newt Gingrich as the fav's to go against Hill.
The assessment that the GOP needs another Contract-like movement to recapture the House and Senate in '08, is spot-on. Newt probably has too much persoal baggage to be electable and he's a little too much of a GOP company guy for my Liberterian tastes but, he's smarter than any candidate I can think of. If Romney stumbles and Newt's still in the game, I could vote for him.