Full. Blown. Panic. Time.

Democrat Travis Childers beat out Republican Greg Davis by 8 points in the Mississippi special election today.

The Republican Party had held the seat since 1994.

It's official - '08 is gone baby, gone for the Republicans in everything but the Presidential.

The GOP should start looking towards 2010. And what's left of the Republican Party should start by tossing 98% of the current GOP leadership (House & Senate) overboard.