To counter the attempts to portray the election results as anything other than a serious setback for the GOP and the nation as a whole, let me set out the following prediction —
The Democratic Party will engage in various hysterics and meaningless legislation while silently letting serious efforts (such as stabilizing Iraq) die on the vine through neglect. Our enemies, emboldened by the election results and this fecklessness, will begin setting new plots in motion to attack the USA and its assets. These plots will take a while to mature, the bill coming due just after the GOP recovers control of the government, thereby teaching the two lessons
P.S. Melanie Phillips has come to the same conclusion.
UPDATE: Dame Eliza Manningham-Buller, director-general of MI5, is on the same page as well.