Likud said to be in 'election panic'?only 20 seats in the next Knesset (once the Yisrael Beiteinu seats are discounted) (Hat Tip: Aryeh Z).
Of course, the real question is why the Likud merged with Yisrael Beiteinu in the first place. My own view is that Netanyahu did it for the same reason he tried to take Shaul Mofaz and Kadima into his government a few months ago: He is trying to counter the Likud's sharp turn to the Right.
In the process, all he is doing is destroying the party.
If Likud-Beiteinu ends up with less than 35 seats, as appears likely, watch for Netanyahu's hegemony to be challenged.