1) The vote truly reflects a rejection of current Democratic leadership and policies by both libertarian independents, who voted Republican or didn’t vote, and many liberals who likewise stayed home. Although Hillary can argue that she’s not responsible for the current circumstances, there is virtually no distance between her and the administration on most issues.More specifically, her opposition to marijuana legalization and support of even more military adventurism are anathema to both groups.
2) The magnitude of the Republican wins throughout the country will depress contributions to Democratic candidates – including Hillary.
3) Republicans do not “own” further gridlock. Leaders of both houses will blame Obama for his refusal to sign off on truly horrific legislation and too many voters won’t understand the true dynamic.
4) The call for an alternative to Hillary by the left will actually get louder because WE will say: “look what happens when Dems champion Wall Street over Main Street”.
5) The (Bill) Clinton brand is still strong in Arkansas the (Hillary) Clinton brand is not.
6) Hard-right corporatist money which may not have flipped many states but certainly added to the size of the Republican victories within them will be wielded against Hillary.
7) Hillary cannot count on as many African-American votes as Obama received or as much enthusiasm from that community.
Notwithstanding all of the above, two years can be an eternity in politics and Nate Silver says and has demonstrated that there’s no such thing as momentum in politics. I’d still call Hillary the favorite but if Jeb Bush does run I think he is very likely to win and he’s gotta consider yesterday’s results as a good omen.