2010 – Republicans take control of the House. The Senate remains in Democratic hands, but the margin is reduced.
2011 – Bush’s tax cuts are extended. Social Security is slashed. This is done at Obama’s behest, so that Dems get blamed for it.
2012 – The Republicans take the Senate (this is virtually guaranteed, 2012’s geography is awful for Dems). They retain the House. They probably take the Presidency.
2013 – in charge of the judiciary, Congress and the Presidency, and with hard right crazies as a substantial caucus, the Republicans finally repeal the new deal. SS is turned into privatized accounts (older folks will keep most of what they have), Medicare is slashed going forward, regulatory agencies like the EPA are cut to the bone, education is turned over to the private sector as the Feds withdraw virtually all support for public schools and move to a voucher system. A new bubble (the last one) is inflated at all costs by Bernanke. Massive slashing of the federal civil service occurs, programs which are not slashed are transferred down to the States, where corruption is easier.
2014 – President Teabag starts a war somewhere to keep pump up the military Keynesianism. Said war is used as an excuse to even further curtail civil liberties.
If the Republicans don’t win the presidency in 2012, no big deal, they’ll still control Congress and the Supremes, and they’ll get him in in 2016. Obama will do much of what they want anyway, and get the blame.)