President Obama's Morning After 2010 Midterm Election Results

Nov. 3, 2010 — -- The era of President Obama's wide-sweeping progressive legislative agenda likely ended last night with the Republican conquest of the House, forcing the president to reach out to the presumptive Republican leadership in this morning's small hours to offer an olive branch.

"Obviously, his legislative presidency is over," said Larry Sabato Jr., Director of the University of Virginia's Center for Politics. "He couldn't get a Mother's Day resolution passed in the House at this point. The G.O.P margin is just too large and there are so many strong opponents."

The president has signaled that he is willing to reach across the aisle. At a press conference this afternoon, Obama admitted to taking a "shelacking" but pledged to work with John Boehner, R-Ohio, the presumptive speaker of the house, and other Republicans.

"No one party will dictate where we go from here," Obama said. "We must find common ground... I'm eager to sit down with members from both parties."

He added: "I've been willing to compromise in the past and I'll be willing to compromise going forward."

The president said he did not believe the midterm results were a referendum on his policies, but were instead symbolic of voters frustrations with economy.

Obama must now be prepared to contend with newly ascendant Tea Party lawmakers who could attempt to undo legislation the Democrats pushed through during his first two years.

"They might tweak health care legislation. I don't think the Republicans have the guts to throw it out altogether, but they might want to make tweaks to things like malpractice insurance for doctors, or the impact on small businesses," said Torie Clarke, a Republican strategist who has served in three administrations.

"An obvious place to start is with not allowing the Bush tax cuts to expire for the time being," she said.

Beyond a legislative stalemate, Obama will also have to contend with Republican lawmakers who appear poised to launch time-consuming investigations. The new members of Congress can use their subpoena powers to investigate, and some might say annoy, the White House.

"The biggest change for the president is that he will now have to constantly look over his shoulder to see if investigators are after him, " said Sabato. "They're going to subpoena his lunch and dinner."

Democrats fear that Rep. Dan Issa, R-Calif., as presumptive chair of the House Oversight and Government Reform Committee, will take a cue from his predecessors during the Clinton administration and bury the White House in subpoenas.

Issa, known for his partisanship, has indicated that he will double the number of investigators at his disposal if he is appointed committee chair. However, when asked about flooding the White House with subpoenas, Issa told reporters, that is ?not my plan at all," as long as the Democrats "work with us."

Obama is scheduled to speak from the White House this afternoon at 1 p.m. EST.