President Obama Faces New Political Reality

President Obama told reporters Wednesday that voters frustrated by the pace of economic recovery brought about a Republican takeover of the House and gains in the Senate. He said "as president I take responsibility" for failing to restore jobs faster. The next likely Speaker of the House, Republican John Boehner, also spoke Wednesday, promising to reduce the size of government, create jobs and rollback healthcare reform.

We speak to Gail Chaddock of the Christian Science Monitor and Diana Reimer, the national coordinator for the Tea Party Patriots.