On the issues, allies note that Warren’s positions won out in some red states even if Democratic candidates there didn’t. Minimum-wage measures passed in four states—Alaska, Arkansas, South Dakota, and Nebraska—even as voters there favored Republican Senate candidates (in Alaska, Democratic Sen. Mark Begich is trailing his GOP  opponent, though the race hasn’t been called yet).

Charles Chamberlain, DFA’s executive director, said the fact that minimum-wage measures passed even as Democratic candidates fell in some states shows that Warren’s messaging and stand on issues could have helped Democrats who ultimately lost on Tuesday.

“Look, the same voters [who] voted to raise minimum wage in South Dakota voted to elect [Republican] Mike Rounds,” he said. “The problem isn’t what we stand for, it’s who stands for us. Those Democrats [who lost] were not strong enough on our issues.”

So are the results of the midterms enough to make Warren reconsider a presidential run? It was a rough night for Clinton—and as Republicans jump on her midterm record ahead of 2016, there could be an opening for a Democrat who’s seen as more of an outsider. And for Warren, who will soon be in the minority in the Senate, seeking national office would certainly give her a bigger platform to compensate for her diminished clout in the upper chamber.