The GOP is done. I believe (and hope I am wrong) that the Bush taxes will expire and then put back in place but Obama will get credit for lowing taxes (Back to the Bush cuts) and the MSN will praise dear leader for lowering taxes for the middle class and he will be hailed a hero and the tax cuts will than be named after him.
And the GOP just steps into line and take the blame. It could effect the 2014 elections as the GOP is more than willing to step into line along with the rest of the sheeple