Ohhhh, What does it all mean?

Well, probably not what Cokie Roberts says it means.
Things you will hear about the midterms that are probably not true.
1) Democrats were too liberal.
Most of the losers last night were the Blue Dogs, the most conservative Democrats.  Some of them were doomed by the changing landscape, some were swept in on the 2006 and 2008 elections were bound to lose.  Pelosi routinely let the Blue Dogs vote against the party.  It didn't work.  They got hammered.

2) Democrats weren't liberal enough.
Popular with the FireDogLake crowd, this argument says that if only Obama had delivered the magical sparkle pony of the public option/DADT repeal/nationalizing the banks then Democratic losses wouldn't have been so bad.  In fact, some of the most progressive candidates (Grayson, Perriello, Feingold) lost.  But again, they lost in swing districts.

3) The Tea Party won.
Uh, no. Democrats retained control of the Senate thanks to the Tea Party.  Delaware, Colorado, Nevada...Those are races the Democrats won because they were facing Tea Party candidates.  Where Tea Party candidates DID win was in the House.  Because no one was paying attention.  Joe Miller, Rand Paul, Sharon Angle and Christine O'Donnell tried to hide from the press.  House candidates didn't have to.  It will be interesting to see how the public reacts when these guys start trying to follow through on their agenda.

4) This was a repudiation for Obama who is now toast in 2012.
Partially true, in that this was a clear message that people are freaked out by the economy.  And while the crisis wasn't Obama's fault, his response has been a bit tepid.  (Thank YOU, Larry Summers!)  I did hear a commentator on NPR say that Obama has to explain himself and his policies better.  And that once Tea Party people start holding hearings on Health Care, it could probably become MORE popular once people find out what's in it.  Finally, the GOP will nominate a Tea Party candidate in 2012.  It seems inevitable.  Whether it's Palin or a Palin Pretender like Gingrich.  Remember, Clinton was left for dead in 1994.

5) It was Old White Guys who defeated the Dems last night.
Actually, that one is true.  The GOP has a demographics problem, and if they go full metal hater on brown people, it will only get worse.  Immigration could be the double edged sword that comes back to cut the GOP.