David Frum told Mike Allen last night that "he believes his axing from his $100,000-a-year 'resident scholar' gig at the conservative American Enterprise Institute was related to donor pressure following his viral blog post arguing Republicans had suffered a devastating, generational 'Waterloo' in their loss to President Obama on health reform."
Said Frum: "There's a lot about the story I don't really understand. But the core of the story is the kind of economic pressure that intellectual conservatives are under... the elite isn't leading anymore. It's trapped. Partly because of the desperate economic situation in the country, what were once the leading institutions of conservatism are constrained."