Obama's budget

Well the Southern California Bereau of LandJpolitics is now back in action since Time Warner finally decided to come out and fix the internet connection, so I don't have to try and sneak on here and make updates at work.
It's been a busy week for the White House this week, Obama held his fiscal responsibility summit on Monday and on Tuesday he gave his well received non-state of the union speech before congress, Thursday he released his budget, and Friday and he announced his plans for the drawdown of the Iraq War.
Each of these things have had polarizing results for his administration, and conservatives are howling over his extremely ambitious budget proposals, which is the greatest activation of the Federal Government since at least Johnson, but is also being compared to FDR in it's bolder moments.
The budget lays out his plans over the next 10 years, showing that everything done now has long term affects and begins to lay the groundwork for universal health care as well as entitlement reform, a final end to the Iraq War, and a slashing of the Federal Deficit, something that has spiraled out of control over the past 8 years. The budget also assumes that the economy will begin improving in 2010 and many of the new revenue into his budget plans are based on this assumption. Revenue to pay for these ambitious plans, which some say are still underfunded, will come from the eventual drawdown of the Iraq War, new tax increases for Americans making over $250,000 a year as well as a cap and trade tax on emissions and new taxes on energy.
Many liberals have praised Obama's new budget as a sober response not only to America's deepening financial crisis, but a very good start to achieving universal health care in the United States. While conservatives have panned it, calling it "Robin Hood" economics and saying that his projections for economic recovery are very overstated, and the labels of Obama as a "tax and spender" are already coming in.
My thoughts are that Obama has taken a huge gamble here, (gamble is an understatement) basically betting the future of his administration on the projection outlines in this budget. His left of center policy outlines have placed him squarely in the sights of the Republicans and he's probably going to be facing some very Clintonesque fights with conservatives over spending and taxes over the coming months and years. Any hopes for achieving any bipartisan kumbaya in the near future are pretty much slim to none.
Just like the effectiveness of the stimulus package, this budget not only bets the future of the Obama Administration, but the Democratic Party as a whole has now gone all in. LBJ, who enacted simlarly ambitious spending programs through a friendly congress, created a backlash against the liberal left in the years that followed his great society programs and ultimately caused the democrats to only win the white house 3 times in the next 10 elections and made the word "liberal" a bad word in American politics for a whole generation.
The President is treading dangerous ground here, if his plans are successful, the comparisons to FDR will be deserved, however, if he fails, Obama will be more of a bad word to the Democrats than Jimmy Carter and will leave America wide open to a new Conservative realignment ala Reagan in 1980, except this time America may be too bankrupt to recover fully.