With all the talk of disasters and wipe-outs it is easy to overlook the fact that despite the rise of UKIP and the purported rise of the Greens, these new parties will almost certainly remain dwarfed by the its oldest party. One has to be of a pretty pessimistic bent to think that the next General Election will not leave the Lib Dems with a sizeable chunk of MPs.
The result of the General Election will almost certainly more closely resemble the heavy beating of the Local Elections than the near total wipe-out of the Euros.
Contrary to the claims of some Clegg boosters that the party has somehow turned a corner, the Lib Dem share of the vote yesterday was as low as it has been for any set of local elections this parliament.
While the Greens did indeed get more votes than the Lib Dems, to say they “pushed us into 4th” is misleading. More accurately, we tripped and hurtled to a position just behind them.
UKIP has won this battle but looks increasingly likely to lose the war. Its rise has coincided with a loss of support in polls for its central objective of taking Britain out of the EU.
While the Far Right has in general done well in this round of European elections, it has not done so everywhere. Most strikingly the party of the obnoxious Geert Wilders has lost votes and seats.
Even more striking is the fact that the Dutch polls were topped by the social liberal D66. A party which has in the past suffered travails of the kind that would seem familiar to Lib Dems.
There is thus no iron rule saying that populism must trump liberalism.