The GOP will do everythign to stop this, but oddly enough, the firewall will be the Dem senators who are up in 2012..no way they vote for any of this stuff..
I think you're right. They'll want to propose bills that are bones for various parts of their base, but their prospects for the Senate in 2012 and 2014 are worse than this November.
Conservatives and Republican Victory
The Republican Party has a real chance, because of the unusually good composition of the 2012 and 2014 Senate elections, to acquire something that Republicans have never had before: a filibuster-proof Senate.