So we are left with a profoundly paradoxical political landscape. A deeply unpopular government is running out of authority and beginning almost to wish for death. Yet the opposition isn't particularly popular and on many of the big issues, from climate change to Afghanistan, the banking system to Europe, it does not offer real change. Granted, the Tories are far more aggressive about public spending cuts, but since we don't know what Labour would actually do in a few years' time, even that is cloudy.
A more confident government would be able to exploit all this. Labour has a story to tell, but it is almost voiceless. So Cameron and his colleagues bestride the political stage, fawned on by the establishment, preparing for power and easily surviving the most embarrassing policy U-turn so far. Well, they will have a miserable time when they get there – the pity is, so will millions of others.
Like we haven't had a miserable twelve years under the thumb of your brand of cock-sniffers, eh?
Still, there's some good news at least:
Some Labour people may think I'm sounding too gloomy, but those who have been privy to recent private polling are a lot more than gloomy. This suggests that Labour could return to the Commons with just 120 MPs or thereabouts, taking the party back to 1930s territory.
Personally, I'd been hoping for somewhere behind the Monster Raving Loony Party, but that will have to do for now.