Hillary Clinton is right. Last night, on Seth Meyers's late-night show, Clinton had this to say about Donald Trump's candidacy: "I no longer think he is funny." Earlier in the week, the Huffington Post announced that it was un-banishing Trump from the "Entertainment" section and would now properly cover him under "Politics." Arianna and Hillary are correct -- what started out as a hilarious joke is no longer even the slightest bit funny anymore.

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What is going to happen to the Republican Party in next year's general election campaign? We could be on the verge of a major shift in the American political system, which is always interesting to speculate about (whether it winds up happening or not). Donald Trump, love him or hate him, has certainly followed through on making this one of the most interesting presidential nomination races of all time. As the saying goes, we're all cursed to be living in interesting times -- at least for the next year or so.

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It's been a month since I last took a look at the Republican presidential horserace, and there have been a number of dramatic developments in the meantime. So it's time once again to cast an eye over the Republican field.

Before I begin, a few technical notes are in order. First, data comes from the Real Clear Politics Republican poll-tracking page. The last column I wrote used the data from November 8th, on the RCP graph (every time I say "since last time" below, this is what I'll be referring to). And my own categories, as before, are divided into four levels: those with no chance of winning the nomination, those with a slim or longshot chance, those with a decent shot at winning, and those with a great chance of becoming the nominee. These are fairly arbitrary divisions, but they're what the race has so far seemed to require.

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We took last week off for the holidays, so we've got a lot of ground to cover today. Sadly, this included two terrorist attacks in America, one in Colorado and one in Southern California. The truly sad part is that these mass shootings are becoming so common nowadays that within a few months most people will have forgotten them, as we all focus on fresher, more recent tragedies. Welcome to a very grim "new normal," in other words. Sorry to start off on such a heavy note, but such news is impossible to ignore.

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Two interesting campaign articles today both point out a frightening new reality for the Republican Party. Previously considered unthinkable, unconceivable, and downright unimaginable, some Republicans are now struggling to come to grips with the fact that Donald Trump might actually become their party's standard-bearing presidential nominee. The first of these articles, from the New York Times, documents how "irritation is giving way to panic" over Trump-as-GOP-nominee, because many in the party feel that this could "imperil the careers of other Republicans." It continues:

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Ben Carson hasn't had a very good couple of weeks. He first exposed his ignorance on what is happening in Syria during a debate, claiming (falsely, he later sheepishly admitted) to have solid proof that China was in the midst of the conflict. This was just before the Paris attacks, so it might have been prominently in voters' minds during the aftermath. Then some of his advisors went public in the New York Times claiming Carson desperately needed to study up on the rest of the world because he knew so little about such things as the Middle East, while the candidate himself was making news by claiming the pyramids were nothing more than grain silos. After the Paris attacks happened, Carson wrote an editorial on what to do about the Islamic State for the Washington Post which was borderline incoherent (read it in full if you think this is an exaggeration). And now it looks like this floundering on foreign policy is beginning to hurt his standing in the polls. Could this be the start of Carson fading into irrelevance in the Republican presidential nomination race?

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Republicans, of course, do the whole fear thing very well. Democrats cannot hope to ever stoke the public's fear as effectively as Republicans. This is a well-known fact, but this week it was on display more than usual, because there are still 14 Republicans running for their party's presidential nomination. So what we witnessed was a race to the bottom, as each candidate tried to top the lunacy emanating from all the other campaigns.

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Since it's such an auspicious day, perhaps it's time to have a discussion about the increasingly-real possibility that Donald Trump or Ben Carson could actually become the Republican nominee for president next year. It's a scary, scary thing for most to contemplate, but the punditocracy's inside-the-Beltway strategy of just clapping our hands real hard and hoping that Tinkerbell quietly lies down somewhere to die just doesn't seem to be working. Pretty much every pundit under the sun -- from the hard left to the hard right -- has so far written a column this year predicting Trump's imminent political demise. To date, none of them have proven even slightly true. Trump is now challenged for the lead, but he's still polling at roughly the same level of support that he has pretty much ever since he got in the race. Ben Carson has risen to Trump's level in the polling much more than Trump has fallen back. The "Trump (and now, Carson) is going to fade -- it's inevitable" line of thinking is getting more and more divorced from the polling realities. So perhaps it's time to start thinking the unthinkable: either of these two men could actually become the Grand Old Party's nominee for the highest office in the land.

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Last night I wrote down my snap reactions to the fourth Republican debate. Today, rather than looking backwards again, I'm going to instead look forward (both literally and figuratively) to the upcoming Democratic debate which will be held this Saturday night.

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Both debates tonight were wrapped in cotton balls, with questions only from deep within the conservative media bubble. Only one question, during the "kid's table" debate, even came close to straying off the reservation, and it was promptly ignored by everyone on the stage. Perhaps because of this, there were no direct attacks on the moderators and very little interchange between any of the candidates (at least in the main event).

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