I share your pessimism to some extent, but if We the Peons remain as active as during the recent months, there is a chance. Stranger things have happened.
There is a large contingent of voters who woke up in the last year or so. If they stay awake in ‘12, we should be in pretty good shape for at least a couple more election cycles.
Obama will veto any health care repeal...we cannot get that accomplished.
With a conservative majority in the house, the only thing we can hope for is to block further progressive legislation. Even if we get a senate majority Obama stands to veto.
I hope dissatisfaction with what the conservative majority is unable to do doesn’t set up a win for the O in 2012.