I suspect some of Obama's hopes for health care reform and infrastructure will die a sad death on the rocks of pragmatism, and people will accuse him of flipflopping when he can't accomplish all that he promised.

But he is well aware that the debt and deficit are a major, major problem. And the man has brains. I think he will see that some things may have to be put on hold until the economy's stabilized and the deficit is trimmed.