Gov. Ed Rendell, offering his synopsis of Tuesday’s election on NBC’s Meet the Press, acknowledged the results weren’t great for Democrats.

“I’m happy I wasn’t running this year,” Rendell said, adding that he didn’t believe the results were a referendum on Obama. “When things are bad, incumbents are held responsible for it,” Rendell said. He warned that if unemployment stays in the double digits 2010 will be “difficult for incumbents.” But, he said, “If the job picture turns over the late spring or summer, I think 2010 is going to be a wholly different result.”