The bad news for Democrats is that the first mid-term elections under Reagan (1982) were seen as a referndum on his economic policies--and, he lost. Democrats gained 26 seats in the House, the biggest reversal for the party in power since the fallout from Watergate. However, the makeup of the Senate did not change.
http://www.huffingtonpost.com/chris-weigant/obama-poll-watch----march_b_523979.html
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