I like his point of view in today's The Daily Dish.
Susbstantively, the Dish is in some ways horrified that the result of the last election - which was dominated by the view that deficits need to be controlled and that new stimulus is evil - turned out to be ... a new bipartisan stimulus package financed by borrowing! At the same time, it's clear that this also clears the stage for a two-year fight over long-term fiscal balance, distinct from the short-term need to recover from recession. And that is the best context for serious reform. If we reform the tax code, and cut entitlements and defense, we should do so for structural, long-term reasons, not in response to a particular crisis. That's the chance we now have, if Obama leads the way (as I suspect he will).
And notice that Obama has secured - with Republican backing - a big new stimulus that will almost certainly goose growth and lower unemployment as he moves toward re-election. If growth accelerates, none of the current political jockeying and Halperin-style hyper-ventilation will matter. Obama will benefit - thanks, in part, to Republican dogma. So here's something the liberal base can chew on if they need some grist: how cool is it that Mitch McConnell just made Barack Obama's re-election more likely? Bet you didn't see that one coming, did you?
http://andrewsullivan.theatlantic.com/the_daily_dish/2010/12/obama-president-mcconnell-sucker.html