What Republicans are trying to spin is that the tsunami tonight as not a loss for conservative policies.

But look who was defeated or is headed to defeat tonight - Santorum, Allen, Burns, Talent. Not to mention the conservative congressmen defeated. These are four of the most conservative politicians in America.

If that is not conservative defeat, then what is?

George Allen refuses to concede Virginia. He just made a statement thanking everyone for their prayers and saying vote-counting will continue tomorrow. We all thought it was going to be a concession speech, no such luck.

Bump and Update (TL): CNN calls Missouri for McCaskill. Only Montana and Virginia are left at 2 am on the east coast, and these are two close to call. The Dems are so close to taking back the Senate.

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The urban precincts are coming in and McCaskill takes the lead with 74% of the precincts counted, 751,000 to 749,000.

Webb leads by 3,000 in Virginia.

Tester has held a 10 point lead through a third of the vote counting in Montana.

Dems win these 3 races and you can say hello to Senate Majority Leader Harry Reid.

Nancy Pelosi is about to speak. She will be the Speaker of the House of Representatives, two seats away from the Presidency.

How great to not only have a Democrat Speaker of the House and a female Speaker of the House, the first ever, but a true progressive and non-centrist Speaker of the House.

Welcome, Speaker Pelosi. We just lead a clapping cheer for you here at CNN's blogging party.

Pelosi: "Mr. President, we need a new direction of Iraq. Let us find a new solution. The campaign is over. Democrats are ready to lead."

I watched MSNBC all night. No offense to CNN, but I enjoyed Chris Matthews' interplay with Keith Olberman very much.

The best political coverage I've seen in a long time.

Jon Tester, the Netroots candidate for Senate from Montana has an early but significant lead over incumbent Senator Conrad Burns. With 22% of precincts reporting, Tester has 59,841 votes to Burns 46,341.

Go Tester, who I think would the most significant politician to be elected this year, if he can hold on.

I'll explain why I think so tomorrow, maybe, if Tester wins.

By the time the initial count is over, Jim Webb may have a small lead over George Allen.

No matter, under Virginia law, there will be an automatic recount because the margin will be under 10,000 votes.

We won't know until then.

UPDATE: Webb takes the lead. Up by 3,000 votes with 1% of precincts left.

CNN and NBC have declared control of the House of Representatives has changed to the Democrats.

Since 1994, we have had a Contract on America. No more. Goodbye, Republicans.

Colorado went blue tonight. Congrats to Bill Ritter, our new Governor. And to Diana DeGette (maybe the next House whip) and Mark Udall who won reelection handily.

And one of my favorites, Ed Perlmutter, beat Bush-Cheney favorite Rick O'Donnell for the open seat in Colorado's 7th Congressional District, being vacated by Republican Bob Beauprez who just lost to Bill Ritter.

Beauprez is out of politics for now, and none too soon in my view.

Colorado started going blue in 2004 when the state legislature changed hands. Looks like the mood stuck around.

If you warch MSNBC you will now see some of the stupidest political analysis in recent memory.

First, it starts with falsehoods. The line they are trying is 'Dems winning in Blue states, but not in Red states."

Except, Democrats won seats in Kentucky, Indiana, Ohio, Florida, etc.

But suppose that line was true. The Dems are taking the House and comfortably - with wins in Blue States. So what does that tell you about the prospects for Republicans? There are more people in Blue States. If Blue State Americans are now solidily Democrat, then the Dems are the majority party in the United States.

Will any pundit figure that one out? Never. They are dumb beyond belief.

No surprise, but very welcome news good for Hillary. It's Governor Spitzer.

Congrats to Andrew Cuomo who beat Jeannine Pirro for Attorney General.

Joe Lieberman is the lone bright spot for Republicans so far tonight. He looks like he will hold on to eke out a 3 point victory over Ned Lamont, 47-44.

Allen-Webb down to the wire in Virginia. Ford looks done.

Missouri very tight. Montana just closed.

Long night ahead.

In the House, 25 to 30 seat pickup for Dems looks likely.