[

W]e're in for a Keynesian renaissance. The Fed has little room to stimulate the economy, so Democrats will use government outlays to boost consumption.

[. . .]

[T]here will be tax cuts. On Monday, Obama promised new tax subsidies to small business, which could cost tens of billions. That's on top of his promise to cut taxes for 95 percent of American households. His tax plans aren't as irresponsible as John McCain's, but the Tax Policy Center still says they would reduce revenues by $2.8 trillion over the next decade.

Finally, there will be a health care plan. In 1960, health care consumed 5 percent of G.D.P. By 2025, it will consume 25 percent. In the face of these rising costs, Obama will spend billions more to widen coverage. Obama's plan has many virtues, but the cost-saving measures are chimerical.

Mostly it's policy porn for liberals. But then he says:

What we're going to see, in short, is the Gingrich revolution in reverse and on steroids. There will be a big increase in spending and deficits. In normal times, moderates could have restrained the zeal on the left. In an economic crisis, not a chance. The over-reach is coming. The backlash is next.

Well, maybe. And I think that's wishful thinking on his part. But if we get this stuff passed--especially healthcare--it's never going away.

Try to be a Republican running to cut health benefits.

You can watch it here.