I think David Dayen is spot-on with his prediction here.

We are coming out of three straight wave elections and I predict we’ll see a fourth in 2012. People don’t know which side to blame but they sure know that this group of elites has failed completely. This episode over the debt limit only confirms that.

We could see something along the lines of 469 incumbents – every member of the House, Senate, and the President – voted out of office next year. Obviously that’s hyperbole, but I would guess the 2012 election will have the largest percentage change of newly elected officials since World War II.