Presidents can lose seats without being "shellacked"
"The president's party always gets shellacked in midterms. It's only twice, 1934 and 2002, that the president's party actually gained in both the House and the Senate."
— PolitiFact National
on Tuesday, September 7th, 2010
Much similarity, a bit of difference
Likens Obama's predicament to 1982, saying, "when Reagan just started out, (unemployment was at) exactly the same point. He was two years into his term. The unemployment was well over 10 percent, and it did come out of it."