Interesting article in today's WSJ on the recent election, putting it in historical context. (article here - subscrip req'd)
Ms. Marisco basically compares the 2008 election with other realigning elections, specifically FDR's win in 1932. She also gives a good comparison of 2008 to 1980, arguing that both elections resulted from the failures of the previous administrations. (I'm not sure FDR wasn't also running against "4 more years of Herbert Hoover.")
In any event, the 2008 election indicates a repudiation of government failures, which implies a desire for competence, not expansion of incompetence. The calls for a New, New Deal are misguided in so many ways, as I have argued previously.
Like Reagan, the shift of independents to Obama is motivated by the candidate and his ability to reassure voters of his competence and leadership qualities. Ideology and positions on the issues are a completely different matter.
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