The good information to take away here is, that long part is the fusible link block which should be checked if there is a situation where there is no power on the outputs or car does not start. Bypassing it should only be ever be done for a quick test AFTER resolving the issue that caused it to blow in the first place IMHO.
What is the other part of the wire connected to? I can see the part where the screw is in it but can not see what the other end of the wire is going into