According to Ron Paul, that's the wrong question.

[I]n light of the election, many are asking: What is the future of the Republican Party?

But that is the wrong question. The proper question should be: Where is our country heading? There's no doubt that a large majority of Americans believe we're on the wrong track. That's why the candidate demanding "change" won the election. It mattered not that the change offered was no change at all, only a change in the engineer of a runaway train.

So, where are we heading?

The march toward a dictatorial powerful state is now in double time.

On his view, the Republicans have lost credibility in the struggle against this outcome by embracing the very ideas that speed it on its way. To have credibility, Republicans should embrace the following:

• Limited government power

• A balanced budget

• Personal liberty

• Strict adherence to the Constitution

• Sound money

• A strong defense while avoiding all undeclared wars

• No nation-building and no policing the world

How can a party that still pretends to be the party of limited government distance itself outright from these views and expect to maintain credibility? Since the credibility of the Republican Party has now been lost, how can it regain credibility without embracing these views, or at least showing respect for them?

Really.