The Hill News

Like most political junkies, I was up until the wee hours of Wednesday morning tracking Tuesday’s election results on television, on my BlackBerry and through my Twitter feed. And, like about half of political junkies, I wasn’t too happy with the results.

What happened in the 2010 midterm elections was historic and impressive. Republicans, on the brink of extinction after the last two “tidal wave” elections in 2006 and 2008, made significant gains across the country. Tuesday, the market corrected itself. After two straight bullish election cycles for Democrats that established the largest congressional majorities in years, a Stephen Colbert-type nightmare bear market recouped the gains the Democrats had made. Republican gains were mostly in conservative districts held by Democrats but won by John McCain in 2008.

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