'This is the nightmare': Republicans are freaking out about Paul Ryan's decision to not run for reelection

Ryan (R-WI) on Wednesday announced that he would not seek reelection - and Republicans are now starting to freak out about imminent doom in this year's midterm elections.

In an interview with the New York Times, former Rep. Thomas M. Davis (R-VA) said that Ryan's decision to step down after his current term could portend disaster and crush Republican morale heading into this fall's elections.

"This is the nightmare scenario," he said. "Everybody figured he'd just hang in there till after the election."

Similarly, Axios reports that "one of Washington's best-wired Republicans" thinks Ryan's announcement could be the final nail in the coffin for the House GOP's majority.