Aides to George W.Bush, former Reagan White House staff and friends of John McCain have all told The Sunday Telegraph that they not only expect to lose on November 4, but also believe that Mr Obama is poised to win a crushing mandate.
They believe he will be powerful enough to remake the American political landscape with even more ease than Ronald Reagan did in 1980.
The writer is Tim Shipman, and the bloodbath is looking to be as deep as the ocean.
Mr McCain is now facing calls for him to sacrifice his own dwindling White House hopes and focus on saving vulnerable Republican Senate seats which are up for grabs on the same day.
Their fear is that Democrat candidates riding on Mr Obama's popularity may win the nine extra seats they need in the Senate to give them unfettered power in Congress.
If the Democrat majority in the Senate is big enough - at least 60 seats to 40 - the Republicans will be unable to block legislation by use of a traditional filibuster - talking until legislation runs out of time. No president has had the support of such a majority since Jimmy Carter won the 1976 election.
The Frumster gives some insanely hopeful quotes, for us.
David Frum, a former Bush speechwriter, told The Sunday Telegraph that Republicans should now concentrate all their fire on "the need for balanced government".
"It's hard to see a turnaround in the White House race," he said. "This could look like an ideological as well as a party victory if we're not careful. It could be 1980 in reverse.
"With this huge new role for federal government in the economy, the possibility for mischief making is very, very great. One man should not have a monopoly of political and financial power. That's very dangerous."
And that's not even his best.
Mr Frum argues that just as America is changing, so the Republican Party must adapt its economic message and find more to say about healthcare and the environment if it is to survive.
He said: "I don't know that there's a lot of realism in the Republican Party. We have an economic message that is largely irrelevant to most people.
"Cutting personal tax rates is not the answer to everything. The Bush years were largely prosperous but while national income was up the numbers for most individuals were not. Republicans find that a hard fact to process."
It won't be hard to process when it breaks their backs like Bane on Batman.
I just love it when they eat their own, and this article takes it to a whole new level.
The real bile has been saved for those conservatives who have balked at the selection of Sarah Palin.
In addition to Mr Frum, who thinks her not ready to be president, Peggy Noonan, Ronald Reagan's greatest speechwriter and a columnist with the Wall Street Journal, condemned Mr McCain's running mate as a "symptom and expression of a new vulgarisation of American politics." Conservative columnist David Brooks called her a "fatal cancer to the Republican Party".
The backlash that ensued last week revealed the fault lines of the coming civil war.
Jim Nuzzo, a White House aide to the first President Bush, dismissed Mrs Palin's critics as "cocktail party conservatives" who "give aid and comfort to the enemy".
He told The Sunday Telegraph: "There's going to be a bloodbath. A lot of people are going to be excommunicated. David Brooks and David Frum and Peggy Noonan are dead people in the Republican Party. The litmus test will be: where did you stand on Palin?"
That's the part that thrills me most, and portends the realization of our dream. God, how I hope they really do put all their eggs in the Palin basket. Crack!