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Panic Button Update: Dana Milbank Half Right

In Dana Milbank's torching this morning of Obama's economy speech ("...the president gave Americans a falsehood wrapped in a fallacy"), the WaPo's resident gadfly got it half right. He went astray when discussing the current political stalemate:

He’s right about the stalemate. But he’s [Obama's] absolutely wrong that November offers an opportunity to break it. No scenario shows either party with a chance of amassing a solid governing majority of the sort Obama had when he took office.

Oh, really? A Republican romp of the 2010 sort, putting Romney in the White House and the GOP dominating both houses of Congress isn't beginning to seem like a distinct possibility?

But Millbank's still worth reading this AM as further evidence liberals are pushing the panic button.