Last night, at a major Republican fundraiser, GOP leaders had some of their harshest words yet for President Obama and his agenda.

Newt Gingrich said the president’s stimulus plan has already failed. And:

Senate Minority Leader Mitch McConnell of Kentucky said Obama has a “radical agenda.” Republicans have “watched them take over banks, insurance companies, auto companies,” he said, “and now they want to take over your health care.”

“We’re going to need some wins next November to slow down their agenda,” said McConnell. House Minority Leader John Boehner of Ohio said Democrats are using their control of Congress “to bury our children and the middle class under a mountain of debt.”

While I never think defeatism is a great political strategy, I’m not sure the Republicans have a another political option but to hope the economy fails to rebound before 2010. The party is too weak in Congress to push through any alternate agenda to the president’s and supporting Obama’s economic plan does nothing to differentiate the party from its opposition.

Unfortunately for Gingrich et. al., there’s a bit of a gap between claiming something has failed and that something actually failing. I’m quite worried about the mountain of debt we’re creating and the precedent we’re setting with the government’s part-ownership of GM, but it’s far too early for me to believe Obama’s measures won’t give the economy a boost. If you want to call it a failure of principle, that’s one thing. But it’s quite premature to say the raw result is failure.

Business Republicans Blast Obama