Of course pundits are going to commit overanalysis of yesterday's results, because that's what they do. Elections, even if there are only a few of them are the only real data we have so we can make some conclusions based on the beatdown that the Democrats took yesterday.
There's no way to hide that the shellacking that Democrats suffered in Virginia and the beyond-the-margin-of-cheating Republican victory in New Jersey are not good augurs for the Democratic policies.
We can't quite conclude that the vote yesterday was a rejection of President Obama. But it sure wasn't an endorsement, as the Democrats would have argued if the numbers had been reversed. What it is more accurately, is a rejection of the policies that the Democrats, under Barack Obama's leadership, have been following.
People are concerned about pocketbook issues: jobs and government spending and more jobs. And the Democrats in D.C., Virginia, and New Jersey aren't offering the voters any confidence that Democratic policies are going to be successful in assuaging those worries.
Another lesson is that there are distinct limitations to the ability of Obama to transfer his personal popularity to other candidates. Both Creigh Deeds and Jon Corzine campaigned as part of the Obama movement for Hope and Change. Sure Creigh Deeds tried to separate himself from Obama earlier in the campaign, but in the past few weeks, he'd been grabbing onto those Obama coattails as tightly as he could. Just so you don't buy the White House spin that Virginia had nothing to do with President Obama,
Jim Geraghty posts these pictures of Deeds and Corzine flyers.

Such a conclusion must be sending shivers down the spines of candidates who are up next year. What message will work with voters if the ol' "Hope, Opportunity, and Change" falls flat?
Another lesson - Bush-bashing and fear-mongering about social conservativism have reached their expiration date, if the Republican candidates can keep the focus on jobs and the economy. Jon Corzine spent millions and millions of his own money to bash Christie and tie him to Bush. Creigh Deeds spent almost his entire campaign bashing Bob McDonnell for the thesis McDonnell wrote 20 years ago.
Byron York looks at the exit poll results to demonstrate that those negative attacks didn't resonate with the voters enough to overcome voters' distaste. McDonnell has provided a lesson that Republicans should go to school on. Keep your focus on the issues that the voters are worried about and social conservative issues are not the issues that are driving people today.
And the lesson from New York's 23rd district? For gosh sakes, have a primary and don't select a candidate in a non-smoke-filled room. Let the candidates compete and then have the party coalesce behind the winner. Yes, the conservative lost, but that seat will be up again next year. We'll see if a primary makes a difference in voting trends next year. Meanwhile, read
Jay Cost's analysis of why we shouldn't be overinterpreting NY-23.
Stephen Spruiell throws some cold water on any triumphalism Democrats might be feeling about Owens' victory in NY-23.
If Hoffman decides to run in 2010, he will probably be running against a Bill Owens whose party has forced him to take tough votes on monstrous health-care, energy and card-check bills. This is still a Republican district. Plus, Hoffman won't have to worry about zombie Scozzafava taking 5 percent of the vote.
And maybe he can actually more into the district.
And another message: Democrats need to worry about losing the votes of independents. Those are the voters who gave them the overwhelming majorities in 2008. But 2008 is history. The question now for independents is "what are you guys doing for us now?" And the answer wasn't good for the Democrats in Virginia and New Jersey.
For months, polls have shown that independents were increasingly disaffected with some of Obama's domestic policies. They have expressed reservations about the president's health-care efforts and have shown concerns about the growth in government spending and the federal deficit under his leadership.
Tuesday's elections provided the first tangible evidence that Republicans can win their support with the right kind of candidates and the right messages. That is an ominous development for Democrats if it continues unabated into next year. But Republicans could squander that opportunity if they demand candidates who are too conservative to appeal to the middle.
Mickey Kaus has a perceptive list of winners and losers from yesterday's races. He notes that, once again, Rasmussen did quite nicely.
Winner: Robopolls. Rasmussen's final poll, showing a 46-43-8 Christie win, was pretty damn accurate. Polls using conventional human operators tended to show Corzine ahead. They were wrong.** ... If you have a choice between Rasmussen and, say, the presitigous N.Y.Times, go with Rasmussen! ... Why this is important: Rasmussen's polls tend to show the highest level of opposition to health care reform. If they accurately predict who will turn out to vote, they may signify big potential trouble for Democrats in lower-turnout mid-term elections. The Democratic Congressional id--at least the part that represents primordial existential fear of non-reelection--is throbbing. Expect a lot more time-consuming negotiating hangups and talk about how we should avoid arbitrary deadlines when it comes to passing Obama's big reform. ... (I still think it will eventually pass, but it may take until next Spring or beyond.) ...
And now we'll look forward. We'll see how yesterday's message reverberates with Blue Dog Democrats hesitating over endorsing Pelosi's ginormous health bill. They surely won't feel more confident that such votes that Pelosi is demanding of her caucus are going to be popular enough to carry them over the finish line next year. And meanwhile, Republicans who were wavering about whether to jump in to the 2010 races have more reasons to take the gamble and run for office. Unless the economy and jobs picture markedly improve, they're going to have a hard time riding the Pelosi-Reid-Obama message into election next year.