Here is Charles Krauthammer's latest column. The upside of President Obama's fecklessness (yes, there's an upside) is that it will render progressivism impotent for the next generation. Americans will see what it's all about and reject it, as they did in 1980. I truly believe that the long-term beneficiary of Obama's election will be American conservatism.
Addendum: This is also worth reading. Thanks to Victor Ulmer for the link.