"First of all, this is a 'no gloat zone.' I've heard some conservatives gloating about victories in New Jersey and Virginia, but that gets us nowhere. Tuesday's vote demonstrates that many Americans believe President Obama's policies are simply not working. So President Obama should get the message and immediately appoint me, your humble correspondent, his top advisor. I would bring a common sense perspective to the Oval Office. There would be no gloating, no nutty ideology, no attacks on Fox News. Instead, I would encourage President Obama to start solving problems. The Obama-care deal will create more problems than it will solve; the economy is still very shaky and raising taxes will hurt it big time; and in Afghanistan, you have to give the commanders in the field enough troops to provide security. The government must stop the out-of-control spending, it must begin to shore up the U.S. dollar, and it must stop social engineering that could bankrupt America. Nancy Pelosi and her far left crew want to raise the top tax rate to 45%. That's not capitalism, that's Fidel Castro stuff. So President Obama needs a dose of reality quick, and I am here for him."

Political strategist Dick Morris joined The Factor with his analysis of Tuesday's results. "Obama had a huge amount to do with those defeats," Morris opined. "People are opposing the big government, big spending policies at the federal level. I compared the results of 1993, the year before the Republicans won everything, with the results of 2009, and the results are identical. That slippage indicates to me that 1994 and 2010 are going to be very similar years." The Factor advised President Obama to pay close attention to New Jersey and Virginia: "All the polling said the economy was the main driver in both states, but I think it's more than that. I think they're looking at the health care bill and they see chaos - I think this vote reflected a loss of confidence in President Obama."

The Factor asked ABC anchor George Stephanopoulos, a former advisor to President Clinton, to evaluate Tuesday's vote. "You say the voters were frightened and uneasy," Stephanopoulos said, "but I think they were angry. There's a lot of anger across the country and the economy is the number one issue. I do think there are a lot of warning signs for Democrats looking ahead to next year, but there's a lot of evidence in the exit polls that those elections were not about Obama." The Factor reiterated that Tuesday's vote was an indication that enchantment with the president has faded: "Corzine is a classic liberal in a liberal state and he should have coasted. If Obama is still the 'messiah' to a liberal state like New Jersey, Corzine would have won. He's a tarnished guy now."

In a less-noticed ballot initiative, Maine voters overturn a state law that legalized same-sex marriage. The Factor asked Fox News analyst Laura Ingraham to assess that vote. "In 31 states where judges or state legislatures have tried to force this definition of marriage on the people," Ingraham said, "it's been defeated every time. I get a lot of e-mails from my gay listeners and there's a real split within the gay community about this. But as far as the people having this forced on them, they're rejecting it." The Factor added that Maine voters, who turned out in droves, rejected gay marriage by a 53 - 47 margin: "Maine folks are very crusty and independent Yankees who don't want to be told by a legislature what the definition of marriage is."

Despite Democratic losses in New Jersey and Virginia, Speaker Nancy Pelosi managed to claim that "we won last night." Body language maven Tonya Reiman analyzed Pelosi's post-election demeanor. "A lot of what she's doing is manufactured happiness," Reiman said. "I see that with the darting of the eyes, the constant moving around and looking down a lot. Some of her smiles were real, but at other times she was obviously trying to come across as happier than she was." Reiman also watched Bill's recent verbal sparring match with Whoopi Goldberg on ABC's The View. "Goldberg got into what's known as the 'ready position' where she lifts her body up and gets close to you. She's tough!"

The Factor invited Dennis Miller to weigh in on Tuesday's Republican victories in New Jersey and Virginia. "I like Chris Christie, the Governor who ate New Jersey," Miller joked. "I think he has a good sense of humor about himself and he looks like a Jersey guy. And as much as I like him, I don't like Corzine, who looks like one of those needy, rich bald guys. He gets over-amped when he's in Barack Obama's presence and I don't think that reads leadership. I'm not saying it's been a 'messiah-to-pariah' slide for Barack Obama, but at this point he has coattails like a naked midget." Miller saved some verbal jabs for Speaker Pelosi. "This woman could lose a game of tic-tac-toe to an amoeba. It shows the holes in the system that this is the most powerful woman in the United States and she's sub-reptilian. She's empty, vapid, and I think she memorizes the bullet points phonetically."

Analysts at Politico.com have listed President Obama's accomplishments in the year since his election. Politico's Mike Allen and Jim VandeHei entered the No Spin Zone and summarized their assessment. "He has epic ambitions," VandeHei declared, "but when you look at his tactics and his style of governing it's pretty conventional. He's very political, very calculating, and he's not doing some of the bold things a lot of liberals would like him to do. That's why the left is so displeased today. There was also a myth that the Obama election had changed politics, but it's still a 50-50 country." Allen contended that Americans in the vast middle are growing disenchanted. "What we had last night was an intervention. The American people are saying 'slow down, you're trying to do too much, too fast.' Some Democrats will tell you they made a mistake by planning this presidency under the theory that American people want us to do everything at once. They need to slow down and explain to the people what they're doing."

Wednesday's Patriots or Pinheads: The writers and creators of "V," the new ABC series about invading aliens, whose script seems to take some digs at President Obama.

Lola Bower, Roseville, CA: "Reverend Wright says America is the land of greed and the home of the slave. Yet he lives here!"

Charles Baier, Baltimore, MD: "O'Reilly, I disagree with you and Brit Hume. I feel Obama wants to ruin the economy and doesn't care about being reelected."

Rosemary Marr Burchett, Belair, CA: "Obama can accomplish his destructive agenda in one term. Pithy enough? I've opined."

David Silverman, The Philippines: "No matter how bad things get, President Obama will always blame President Bush."