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GOP senators fight over failure — Long-simmering tensions within the Republican Party spilled into public view Wednesday as the pragmatic and conservative wings of the GOP blamed each other in blunt terms for the party's failure to capture the Senate. — With tea party-backed candidates …
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New York Magazine, CNN and Weigel
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Exclusive: Speaker Nancy Pelosi Says She Has ‘No Regrets’ — Pelosi Tells Diane Sawyer She Hasn't Thought About Her Future Yet — House Speaker Nancy Pelosi said today she has “no regrets” one day after a Republican landslide stripped her of the power that defined her historic tenure as the first female Speaker of the House.
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The Politico, IMAO, Politics Daily, Gateway Pundit, Weasel Zippers, TPMDC, The Note and CNN


The Boehner Evolution — House Republicans and the challenge of divided government.
Discussion:
Betsy's Page

Obama Should Move to the White House
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Ezra Klein and Dennis the Peasant

Reid is ‘begging’ for Republican input; criticizes GOP and the media
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The Politico

Deep Rifts Divide Obama and Republicans
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The Politico, The Snitch, Guardian, The Caucus, Outside the Beltway, Democratic Strategist and Slate

Democrats' day of reckoning comes for climate vote
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Mother Jones, Climate Progress, Ecocentric, Beltway Confidential, The Hill, Time and Wonk Room

Reid: 'Don't Ask, Don't Tell' repeal depends on GOP cooperation
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The Politico, Raw Story and TPMMuckraker

Just 32% of Tea Party candidates win — A Don't Tred On Me flag flies above protesters at a rally in April in Macon, MO. — From NBC's Alexandra Moe — For all the talk of the Tea Party's strength - and there will certainly be a significant number of their candidates in Congress …
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Tea Party: now for the Presidency — Rubio: hot wife, cute kid. But does he have the ideological cojones? — Before we get too jubilant about the humiliating, crushing, thousands-of-floating-dead-Persians- at-Salamis-style defeat inflicted by the Tea Party movement on Democrats …
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CBS News and Samizdata.net


For tea party, victories may trigger identity crisis — Rep. Michele Bachmann's announcement Wednesday that she will seek a House leadership post broadcast loud and clear that she hopes to secure a prominent place for the emboldened tea party movement in Congress.

Palin Emerges with Even More Clout
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No More Mister Nice Blog, Mediaite, JOSHUAPUNDIT, The Caucus, blogs.telegraph.co.uk, Don Surber, Beltway Confidential and GOP 12

What the Fed did and why: supporting the recovery and sustaining price stability — Two years have passed since the worst financial crisis since the 1930s dealt a body blow to the world economy. Working with policymakers at home and abroad, the Federal Reserve responded with strong …
Discussion:
The Big Picture, naked capitalism, Guardian and Eschaton
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The Mountain Labored, and Gave Birth to a Mouse — The Federal Reserve says: … Greg Robb: … The five-year note carries an interest rate of 1.17% per year. The Federal Reserve is thus changing the supply of assets by taking onto its own balance sheet... wait for it... wait for it …
Discussion:
MarketWatch, Crooked Timber and Paul Krugman


Fed Will Buy $600 Billion in Debt, Hoping to Spur Growth
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Mother Jones, Capital Gains and Games blogs, The Atlantic Online, Real Time Economics and DealBook



Democrats Outrun by a 2-Year G.O.P. Comeback Plan — The PowerPoint slides presented to House Republicans in January 2009 seemed incongruously optimistic at a time when the very word “hope” belonged to the newly ascendant Democrats and their incoming president, Barack Obama.
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Prairie Weather and Mother Jones
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The sad tale of the Democrats who hated the unemployed — Last summer, we met the Democrats who hated the unemployed — the 16 House votes from the majority party against an emergency extension of unemployment benefits. They were: — John Adler, D-N.J. — Brian Baird, D-Wash.
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Chicago Sun Times


Ouster of Iowa Judges Sends Signal to Bench — DES MOINES — An unprecedented vote to remove three Iowa Supreme Court justices who were part of the unanimous decision that legalized same-sex marriage in the state was celebrated by conservatives as a popular rebuke of judicial overreach …
Discussion:
The Snitch, GayPatriot, Election Law and The Volokh Conspiracy


Results Are In And Many Agree: Fox News Offered More Balanced Election Coverage Than MSNBC — If you believe that the cable news landscape is symptomatic of our two-party political system, then you also probably, and predictably, saw a different tone in last nights election results.
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New York Magazine, Hot Air, Media Decoder, JammieWearingFool and Wake up America, more at Mediagazer »
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On Fox News, Election 2010 is cause for cheer
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Mediaite and News Hounds

Obama Doesn't Get It — President Obama came close, but he still just cannot admit that his radical policies and their effects on the economy are the cause of his devastating political rebuke. For most of his press conference, an oddly depressed Obama voted present, as he all but said that the problems …
Discussion:
Politics Daily, FOX News Radio, Viking Pundit and The New Republic


Washington, Alaska races not over — One of the lingering, unresolved Senate races was taken off the board late Wednesday afternoon, when Sen. Michael Bennet was declared the winner in his agonizingly close Colorado matchup with tea party Republican Ken Buck.

You know who was a big loser in this election? George Soros. — While Democrats went out of their way to portray the Koch brothers as evil billionaires puppeteering this election, I'd venture they feel pretty good about the outcome. However, after last night I'd venture that that George Soros is one unhappy Hungarian.
Discussion:
Bloomberg


Democrats find common ground: It's the White House's fault — The bodies aren't even cold yet in the House, but the Democratic Party has already opened up a bitter debate over who's to blame. — The party's bloodied moderates Wednesday released two years of pent-up anger at a party leadership …
Discussion:
The Bilerico Project, RedState, The Moderate Voice and Gawker

Rasmussen Being Rasmussen: The Evidence Is In — Now that the confetti has been swept up, and tears (of joy or anguish) have largely been dabbed dry, time for a little dispassionate analysis. As the resident poll guy here, I have been fairly steadfast in my criticism of Rasmussen Reports, as have several of my colleagues.
Discussion:
Salon and The Monkey Cage

What Liberals Never Learn — After winning in Kentucky last night, Rand Paul was talking to CNN's Wolf Blitzer, who dutifully repeated a Democrat talking point: “What if they just raised taxes on the richest, those making more than 250,000 dollars a year?” In answering the question …
Discussion:
Zandar Versus The Stupid, Left Coast Rebel and ThinkProgress


Outside Groups on the Right Flexed Muscles — On the way to winning back the majority in the House on Tuesday, Republican challenger after Republican challenger overcame significant fund-raising gaps to beat their opponents, bolstered by a deluge of spending by independent groups.


George Bush really does not ‘appreciate’ Kanye West's Katrina criticism: ‘The worst moment of my presidency’ — President George W. Bush says that when he heard Kanye West say, “George Bush doesn't care about black people,” “it was one of the most disgusting moments in my presidency.”
Discussion:
Rolling Stone, Colorlines, NPR Topics, THEROOT.COM, Gawker, Lawyers, Guns & Money, Speakeasy and Shakesville