The whisperings of the Liberal Democrats falling into 3rd place in Oldham East (& somewhere else) came to nothing but so, equally, did the whisperings of another Dunfermline West shock victory. Second place before and second place now, any suggestions of an electoral crisis, (whispered or otherwise) should surely fall on deaf ears, no?

The results of the by-election were:

Jan 2011
Labour – 14,718
Lib Dems – 11,160
Conservatives – 4,481
Turnout – 48%

GE 2010
Labour – 14,186
Lib Dems – 14,083
Conservatives – 11,773
Turnout – 61%

Beaten by 3,558 votes in a seat that they lost by only 103 votes before entering into Government is not great, particularly when that 3,558 would have been larger if it had not been for tactical Tory top-up votes. Indeed, the above results could be painted as a disaster for Cameron but it’s pretty clear that it was the Coalition vs Labour in this contest and Labour won through.

However, 11,160 saw enough in Nick Clegg’s party to vote for it and Labour did have one huge advantage in this by-election – they no longer have Gordon Brown at the helm.

So, fun as it may be to entertain, I’m not buying into this notion that the Liberal Democrats are all but finished as a force in UK politics.

There is still a sizeable demographic that don’t wish to see themselves as Tories but still feel underwhelmed and/or sold out by Labour either over Iraq, or just generally through the wasted opportunity that the last 13 years patently was. There is the Green party for this group but, in the by-election, the Greens picked up only 503 votes, a third of BNP’s and a quarter of UKIP’s. I’m not sure where that leaves the GPEW strategy of picking off Lib Dem support, or the Scottish Green Party’s for that matter. North of the border there is of course the SNP that non-Tories and non-Labour can vote for but the issue of independence remains sufficiently polarising that voting for the Nats remains not an option for many.

Many are predicting a disaster for the Scottish Liberal Democrats in May and senior members of the party admit it will be “difficult” but, with clear evidence that Tories are willing to tactically vote for Lib Dems, some potential gains suddenly come into play – Aberdeen Central, Argyll & Bute, Edinburgh Central, Edinburgh Northern & Leith, Ettrick Roxburgh & Berwickshire, Inverness & Nairn and Midlothian South. Not to mention holding the existing seats with Conservative support making up for the loss of distinctly left-wing Lib Dem voters.

Many will bridle at the thought of the Lib Dems getting away with selling out without any electoral redress. That’s not to say things won’t be difficult and that Nick Clegg won’t remain as a political bogeyman.

First of all, is Clegg so bad? Probably not but he has cashed his political capital in early to bring his party into Government for the first time since 19 0 cake.

However, no MP has crossed the floor, no big-name blog has hung-up the keyboard and no Cabinet Minister is going anywhere anytime soon. They are “glued to their seats until 2015” as Chris Huhne put it. The Lib Dems will be on the ropes for the next four years, and they can expect further by-election defeats during this time, but no governing party has won a by-election since the 1980s and who has more momentum, the boxer everyone’s talking about that is coming off the ropes swinging or the lesser-known boxer that has a standing start?

Furthermore, the Lib Dems used to complain that they didn’t get any press between elections. That can hardly be cited as a problem now.

Clegg-mania may yet rise again but if it doesn’t (and it probably won’t), a clean skin like Tim Farron can take over the leadership of the party before 2015 and benefit from the positives of his party’s record in power while distancing himself personally from the more unpopular elements. Some will not be convinced that the Lib Dems can roll over a new leaf so quickly and easily but just look at Oldham East & Saddleworth or Springburn East by-elections? Contests caused by expenses greed from Labour MPs resulting in increased majorities for the incumbent party. Does anyone really think Labour won’t boost its margin over the Lib Dems in Barnsley Central once Eric Illsley has resigned?

The lesson is, remove the tarnished personalities and the brand will live on largely unblemished. And the Liberal Democrats still have a strong brand to sell, proponents of AV or PR would be foolish to suggest otherwise unless they really want to move towards the ding-dong of two party politics and the polarisation of society that has left the US in such a parlous state.

Looking at the by-election result again, focussing on how the Lib Dems have split the two big guns of Labour and Conservative and now stepping back into the 1980s, this constituency was split into two – Tory-held Littleborough & Saddleworth and Labour-held Oldham Central.

In a country where support for the top two parties at elections dropped from 81% to 67% in only a couple of decades, perhaps we should remember that the Lib Dems have a lot to be proud of and a lot that we should be thankful for.