I’m already hearing some people over-reaching about the conclusions of last-night’s elections. The results DID NOT indicate a seismic shift in voter attitudes toward socialism and away from capitalism.

Obama won with a mere 400,000 more votes than Bush did in 2004. Both the Senate and House gains for Democrats were at the low ends of expectations.

This election had much more to do with a transformational presidential candidate and an extremely crappy economic situation than anything else.