It's Not 2012...It's 2011 !!!!

If Mr. Obama cannot galvanize the troops to secure a Congressional majority in the House and Senate in the 2010 elections, this is what will happen:

1) his administration will become more and more ineffective;
2) Republicans will be re-elected in 2012;
3) Republicans will reduce spending, having run on a platform of fiscal responsibility.

However, a country with 9.8% official unemployment - double it for mistakes and underemployment - is not a country truly spending like a drunken sailor.
It may be spending like a drunken sailor when it bails out irresponsible banks, it may be inebriated when it lurches around looking for wars and more military bases, but when it comes to the day to day taking care of business, taking care of the people, it is not seriously over-extended.

Our capacity utilization is less than 68%, so we are not running full out.

The deficit actually should be greater...
Inaction will not wave its magic wand.
We have no prospects - drat! - of a war to the end, as we did in the 1940's.
The rest of the world will not destroy itself, leaving it to us to re-build them.

When the Republicans come back to "straighten things out" by their ideas of fiscal responsibility, remember Phil Gramm, remember the Bush years deficits, remember the Titanic - because it will be the beginning of the end.