The defining Obama quote:
"Sympathetic as I am to those who prefer a fight over compromise, as much as the political wisdom may dictate fighting over solving problems, it would be the wrong thing to do."
Expect that to be cited a lot in coming years.
This is the calculus from the fact that We The People don't have Obama's back on this.
Tea Parties mobilized their protests.
Where were demonstrations?
Doesn't filling the national mall with bored slackers holding self-consciously ironic signs count as a demonstration?
Oh wait. It demonstrated a lot.