Your analysis is pretty good, but inasmuch as the coming meltdown will occur on Obama's watch, it is the liberals who will be blamed. I am not so much interested in seeing the Democrats per se blamed. I want to see the liberals blamed. The reason why it is good to have the Democrats in office when the meltdown occurs is that everyone knows the Democrats are very far left so that there is no way the liberals can do what they do best: shift the blame. The Republicans talk a good game on free enterprise, but do not follow through with real cuts in government spending. If the meltdown occurs on their watch, people will blame it all on capitalism even though the Republicans are big spenders as well.