This is the part I really enjoy: there's no mention of the Democrat-controlled Senate here. It's got to be irksome for Reid and the boys, knowing that Obama's only gonna use them when he needs to shift the blame to somebody -- he's always going to take the credit for himself.
What he may be saying which is accurate is that Obama is not going to get any new spending initiatives from the House not already in law. The current battles are about cutting spending inherited from prior budgets and CRs, which he is bemoaning.
You know Krugmann, he was calling for a 3-4 trillion dollar stimulus make works program and said deficits caused by government spending are good. But he knows he wont get that now. His prediction was that the $800B Obama stimulus was too small to work.