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Mike Allen reports on the current mental health of the Republican Party establishment. Nickel version: it’s not good:

Interviews this week with longtime party activists and strategists made clear that many in the Republican establishment are unnerved by a field led by Mitt Romney, who could have trouble confronting Obama on health reform; Tim Pawlenty, who has yet to ignite excitement; Jon Huntsman, who may be too moderate to get the nomination; and Newt Gingrich, weighed down by personal baggage and a sense that he is a polarizing figure from the 1990s.

Despairing Republican lobbyists say their colleagues don’t ask, “Who do you like?” but instead, “Who do we back?”

“It’s not that they’re up in arms,” said a central player in the GOP money machine. “It’s just that they’re depressed.”

So the question is, will 2012 be the Republican version of 1972 or the Republican version of 1984? They could nominate a base hero like Michele Bachmann or Sarah Palin or Newt Gingrich and go down in epic flames. Or they could nominate a worthy timeserver like Mitt Romney or Tim Pawlenty and go down in flames.

Or, of course, they could pray for some kind of gigantic global disaster — maybe an economic collapse, an oil spike, or a drawn-out hostage crisis — in which case they can win with anybody. That seems like a pretty weak hope, but right now the fever dreams of the GOP base are so debilitating that it’s hard to see them coming together and beating Barack Obama any other way.

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Mother Jones was founded to do journalism differently. We stand for justice and democracy. We reject false equivalence. We go after stories others don’t. We’re a nonprofit newsroom, because the kind of truth-telling investigations we do doesn’t happen under corporate ownership.

And the essential ingredient that makes all this possible? Readers like you.

It’s reader support that enables Mother Jones to devote the time and resources to report the facts that are too difficult, expensive, or inconvenient for other news outlets to uncover. Please help with a donation today if you can—even a few bucks will make a real difference. A monthly gift would be incredible.

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