True dat, from The Economist:

As to hubris, the Republican freshmen bound for Congress next January are in danger of reading into the election a message of their own creation. Many see the mid-terms as a popular rejection of the president’s “extreme” policies. This is doubtful. Voters were more likely registering a protest at the economy than repudiating an ideology. Besides, to the disgust of his own progressive base, Mr Obama enacted no extreme policies. Obamacare is a good deal less radical than the plan Richard Nixon proposed in 1974 or Bill Clinton 20 years later. In fact it closely resembles the bill the Republicans put up as an alternative to Mr Clinton’s, and its central idea—the individual mandate—was introduced in Massachusetts by none other than Mitt Romney, who hopes to become the Republicans’ presidential nominee in 2012.

Summarizes the state of things quite nicely.