Back to the drawing board?
Other than drawing up a plan for real socialized medicine, there's not much to do. I suppose they might try another band-aid feel-good plan to assuage the public while putting even more money into insurance companies' coffers.
Throw their hands up in disgust and walk away from it?
That's more or less what would happen though I'm sure they would keep trying. The Republicans wouldn't want to be known as advocates of "Don't get sick and if you do, die quickly". They'd want to put a smiley face on it somehow.
Do they start devoting a year to jobs creation?
They should already be working on policies that would lead to job creation. Surely they can do more than one thing at once. However, even though it's clear to a great many Americans what needs to be done, our politicians refuse to even acknowledge the source of our problems. Hence, it will all just be a waste of time.
They could open up many jobs and start bringing jobs back to America's shores simply by ending the H-1B and L-1 visa programs, raising tariffs to end foreign outsourcing, and deporting all of the illegals and ending mass immigration, but they won't even mention any of those policies as a possibility.
I'm guessing we won't have rioting in the streets. Rather, Americans will slowly acquiesce and accept their new third world standard of living while the college-educated amongst us engage in rhetorical light saber battles over the Internet.
Will the takeover of student loans still be pursued?
That's very possible. After all of the unemployed and underemployed college graduates default, the taxpayer will end up footing the bill. Without a government takeover, private companies would foot the bill. The Education Bubble is going to have to burst at some point and it's not going to be pretty.
I think they'll drop it. It's pretty obvious it's been a my way or the highway process from the get-go. There'll be no compromises with those that are not as enlightened.
It's hard to compromise with people whose plan consists of, "Don't get sick and if you do, die quickly."
A "what happens if the health care bill passes" would be interesting too.
Since it isn't real reform (real socialized medicine) the percentage of GDP spent on health care will continue to increase. Wealthy insurance executives will continue to get richer while the rest of the nation becomes poorer.