Originally Posted by OldArmy
If the president wins reelection it goes one of two ways, determined completely by the congressional results. If the dems hold the Senate then things stay locked up for a little while. If Republicans win the Senate and hold the House then Obama becomes irrelevant--a veto president for the rest of his time. He may try to walk down the street to congress and make nice but it's too late for that. Obama will certainly redouble his efforts at re-engineering the country through admin law, agency decrees. What will be interesting is whether the right is strong enough to go ahead and crash the system in order to cut the debt, cut spending. To date they haven't had the balls, perhaps that will change.
Your projections don't seem to consider the mid-terms in 2014. If Obama get's re-elected and the Senate simultaneously turns majority Republican in November then IMO that may not be such a bad thing. Though Republicans would have the power in the short term, they would also have the responsibility to get something done.
While both parties like to talk about what the other is not doing, neither party really wants to be responsible for making all the hard choices that need to be made to reduce the deficit and get the country back on track fiscally. The unavoidable pain that will result from cuts to popular social programs and inevitable increased taxes will cause a backlash to the party in power and heads will roll in 2014. The party out of power (presumably the Democrats) would be swept back into power in the mid-terms probably by a landslide. This would pave the way for Obama's last 2 years to possibly be the most productive of his presidency. Just another theory...