Coburn: "bread and circus" governing philosophy failed

I just read (via B4C via Instapundit) Senator Tom Coburn's statement on yesterday's election results and I think it may well be the last word on the subject, from a Conservative viewpoint.

Excerpt:

“The Republican Party now has an opportunity to rediscover its identity as a party for limited government, free enterprise and individual responsibility. Most Americans still believe in these ideals, which reflect not merely the spirit of 1994 or the Reagan Revolution, but the vision of our founders. If Republicans present real ideas and solutions based on these principles we will do well in the future."