Well, the Republicans have regained control of the House (as well as picked up a whole bunch of governor races). Several prominent GOP members, including newly re-elected South Carolina Senator and Tea Party stalwart Jim DeMint, have already told commentators on national TV that they're happy to work with President Obama - so long as he wants to work on their issues such as reducing the deficit and repealing the recent health care reform. GOP Senate Minority Leader Mitch McConnell said straight out that his party's number one priority will be defeating President Obama in the next election. Doesn't sound like much room for compromise or bi-partisanship there.
So there you have it. Two years of bickering... which will undoubtedly be capped off by both sides blaming the other for the inevitable stalemate that will be the focus of the smear campaigns in the 2012 elections. :(