The good news is that the spending spigots will be closed. Even if the Dems control the Senate, they cant spend money that the House doesnt approve. Spending bills orginate in the House of Represntatives. Also, even though the Dems lost the super majority in the Senate a year ago, in a practicality sense they still had it. It was always going to be easy to get one Republican vote on financial reform and other laws. That will no longer be the case after tonight. We are now far enough away from that crucial 60th vote that we dont have to worry about terrible laws like Frank-Dodd. ONe of two good things will happen in the next two years: Either the economy will get a lot better, or Obama will lose re-election in 2012. Because if the economy does not improve, Obama will get blamed and will lose. It wont matter how he tries to spin it. Either way, the people have won.