[cnn-photo-caption image=http://i.cdn.turner.com/cnn/2010/POLITICS/11/03/john.boehner.speaker.profile/t1larg.john.boehner.speaker.gi.jpg caption="With a landslide GOP victory in House, Rep. John Boehner is poised to be next House speaker." width=300 height=169]
President Obama spoke of last night's Democratic party's "shellacking" in the midterm elections during a news conference at the White House this afternoon.
"Over the last two years, we've made progress," he told reporters. "But clearly too many Americans haven't felt that progress yet, and they told us that yesterday. And, as president, I take responsibility for that."
Pres. Obama pointed to the economy as a big reason for his party's loses at the polls.
"We've stabilized the economy. We've got job growth in the private sectors. But people all across America aren't feeling that progress. They don't see it," said Mr. Obama.
Tonight, Keeping Them Honest, we'll look at whether he truly gets it. Even after the president spent nearly 60 minutes at the microphone today some believe he does not get what happened last night.
Here's what did happen: Republicans earned at least 60 seats in the House of Representatives, regaining control of the chamber for the first time since 2006, according to CNN projections. That number could rise with 11 undecided House races still to be resolved.
In the Senate, Democrats lost six seats but keep control of the chamber, according to projections based on exit polling. The latest victory for Democrats came in Colorado, where incumbent Sen. Michael Bennet won a tight race against Republican Ken Buck, CNN projects. This gives Democrats 52 members in the Senate, with races still too close to call in Washington and Alaska.
Back to the House, where Rep. John Boehner, R-Ohio, is expected to become the new leader of that chamber in January.
"We are humbled by the trust the American people have placed in us and we recognize this is the time for us to roll up our sleeves and go to work," Boehner told reporters this morning on Capitol Hill.
Boehner, and other Republicans, would like to repeal the health care bill and extend the Bush tax cuts. But can they get it done?
Keep in mind, Boehner and Pres. Obama have had a rocky relationship these past two years. We'll dig into that with our political panel.
We'll also have our political gurus look into their crystal balls and predict who they think will seek the White House in 2012. Mark your calendar. That election is now 734 days away.
Join us for these stories and much more starting at 10 p.m. ET. See you then.
Anderson Cooper goes beyond the headlines to tell stories from many points of view, so you can make up your own mind about the news. Tune in weeknights at 8 and 10 ET on CNN.
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