POLITICS
12/13/2010 03:47 pm ET Updated May 25, 2011

Michael Steele Running For Reelection Despite Two Years Of Disaster

After a day of feverish speculation being feverishly speculated by feverish speculators, Michael Steele signaled he will be seeking a second term as chairman of the Republican National Committee. So much for the speculation, which ran hot enough to have me convinced that he might forego a fight to extend what's already been a tempestuous reign. (This post has been redone to reflect what are the new realities.)

The amazing part: His decision comes at a time when the Republican Party is resurgent, having retaken the House, closed the gap in the Senate, and gained all sorts of seats in local races that too-often go uncovered by the political media. Thing is, no one's really inclined to cut Steele in on the credit. So while we'd ordinarily be talking about his counterpart at the DNC, Tim Kaine (and his potent strategy of a) almost visiting 42 states, b) vainly hoping the locked-in electoral trends don't materialize, and c) closing the deal by handing Jon Stewart a key chain), instead we're poised to watch Steele defend a record that has largely come to be associated with the words "gaffe" and "mismanagement" and "embattled" and "lesbian bondage-themed nightclub" and "called for his resignation."

While most of the negative publicity Steele has garnered over the past year has been for strange rhetorical miscues and the aforementioned nightclub, some serious problems emerged under his leadership. Donors have been publicly derided. Money has been lavishly spent. And RNC fundraising has become so degraded that other efforts -- most notably from Karl Rove and RGA Chair Haley Barbour -- had to be mounted so the GOP candidates who were ultimately successful could get some financial support.

It's been a weird two years, folks. So we've gone back to the wayback machine and here present the mostly-complete history of the decline and (maybe!) fall of Michael Steele.

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