OBAMA’S MISSING FIRST TERM: COMING SOON? A possible scenario for the next four years from Stanley Kurtz:

In ordinary circumstances, the notion that re-election vindicates and solidifies a first-term agenda would be justified. But when no-one’s actually seen the transformative achievements of Obama’s first term put into practice, we are in unexplored territory. While quiet popular acceptance of the coming changes is certainly a possibility, I wouldn’t bet on it. Deep dissatisfaction with the concrete results of Obama’s delayed transformation, coupled with a sense of having been fooled by the backloading, could set off a wave of voter anger that confounds conventional expectations.

Read the whole thing.

UPDATE (12:36 AM): Or perhaps skip it and click here, as Kurtz has uploaded an updated version of his post tonight.