the danger is that the Left may conclude that if his administration is imploding anyhow, they may as well cram through as much Socialist crap and loot as much cash for their supporters as possible in whatever time is left
Many of them instinctively think not of the private sector but of the government as a place to light between electoral gigs. In other words, if they are not in academia they are burrowed into bureaucracy as apparatchiks. They will believe that Obama will be able find them a place or that the liberal establishment will place them in academia or George Soros will set them up in some 527.
Whether ideologue or careerist, many of them will decide to stay with the herd as it stampedes toward the cliff.