NBC LA thinks he would. Presidents do have an impact on congressional elections, but effect of coattails is overrated. People split their tickets. Incumbents usually exceed the Presidential candidate. In 2008 Barack Obama got a higher percentage of the vote in California than every Democrat statewide since 1990. He had long coattails, with the Democrats ending up with 257 congressional seats. He won 8 of the 16 congressional districts where Republicans faced a Democratic opponent. Democrats won none of those seats. Democrats took most of the seats Obama won nationwide, but couldn't manage to get one in California. Here's how incumbent Republicans did compared to John McCain.
Barack Obama got over 53% of the vote nationwide. He's unlikely to have a landslide again. So he should do worse than in 2008 in each state. He did around 6 points better than the average Democrat in California. So he overachieved even his nationwide percentage. It's difficult to believe that Obama will do better than he did in 2008, even with Gingrich. Democrats not only couldn't beat Republicans then but they got beat badly. If they couldn't do it under ideal conditions, they're unlikely to do it in 2012.
Of course there are a few districts that are more Democratic, but have moved that Democratic. Republicans could do worse with Gingrich as the candidate, but it's tough to imagine them doing worse than McCain. Republicans could suffer some losses in 2012, but I doubt Gingrich would really hurt them that much.
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