From Pundits Guide:
Next comes the impact on the Conservatives' hoped-for majority. Suddenly it's not a dozen extra seats required, but two dozen. A much taller order.
I frankly trust the PG people more than your typical journo but, unfortunately, there's this:
Also in the mix is the impact on the Liberal Party's likely succession planning, soon or in the future. With Martin Cauchon out of the game, and now probably Justin Trudeau as well, will the party have anyone to turn towards, and will anyone want the now-truly-serious rebuilding job.
The LPoC has, it seems to me, always been more about pragmatics then passion. If re-tooling looks like a long, miserable process, will the party rise to the task or will its members drift towards the NDP or CPoC according to their own individual political compasses? Ed Broadbent during an election campaign long ago once argued that it would be more natural for Canadian politics to align along a natural Left/ Right axis, with the Liberals kind of fading away in the middle. Hopefully, this will not come to pass. But, certainly, the balance of power in any post election merger talks will shift, should these results hold up.