So, the strong rebuff he has received from the nation over Syria has the potential to make President Obama far more willing to work with Congress over another looming battle to extend debt limits and reach compromise on the budget. It also means that a program, which most conservatives view as a house of cards but Wall Street loves -- the continued flow of dollars to purchase bonds -- will continue. Yes, the Fed may be toying with letting up on this monetary infusion, but if so, it won't last.
In fact, Obama has no choice now but to require a blood oath from whomever he names to replace the retiring Ben Bernanke. A promise that the printing presses will be put on high-speed, propping up bonds and thus the stock market until the mid-term elections, at the very least.
And if given time, the economy might indeed begin to recover in earnest. The reason we have seen what many call a "part-time" job recovery has been greatly due to the gross amount of uncertainty about our economic future among both large and small businesses.
Most business leaders privately view Obama's understanding of the economy to be the equal of his grasp of foreign policy. If they come to recognize that the president's days of "my way or the highway" have come to an end, they might just start operating with some real confidence, both in the concept of short-term market stability and a longer-term return to more sound budgetary policy. Perhaps the president will even acknowledge that while most Americans aren't making more, their government enjoyed a $284 billion increase in revenue this year.
Of course, the only thing missing in this trip down memory lane is a strong and resolute Republican speaker of the house and a Clinton. As for the Clinton part, that won't take long. After all, the president's complete flop over Syria certainly proves Hillary's much maligned "midnight crisis call" commercial of 2008 to be much more on target.
As for the current house speaker, his early embrace of Obama's Syrian swan song may mark the beginning of the end for his speakership.
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