what's the worst thing that could happen?
The economy is already looking bruised, and the Fed is doing the same thing it did in 2001, cutting interest rates until they can cut no more. Of course, back then, two things happened - real estate prices skyrocketed, making it difficult for working class people to find shelter, and the value of the dollar plummeted, cutting real earnings of the same working class people, and putting our economy on the artificial life support system of foreign investment.
For political reasons, everything is done to prevent the big scary recession. It doesn't matter that we'll tack a couple more zeros onto the national debt - future generations will worry about that. But you know what? If nobody can afford housing, then home prices should fall (and I speak as a homeowner now). If businesses can't compete, we shouldn't prop them up. If we're consuming too much and producing too little, well, maybe it's time to tighten our belts.
No, the worst thing that could happen right now is simple. If bin Laden is captured, the country will forget all the crap that its been dragged through for the past seven years. It will forget all about Katrina, Kyoto, Rumsfeld, Guantanamo, and even Craig. In one magic moment, neocons will be validated - and we'll be looking at four more years of this sh#t, and maybe many more. Hell, if Osama goes down, we'll be so happy we'll bring prayer back into schools, overturn Roe v. Wade, and ship all immigrants to Cuba!
So the ol' bastard needs to hold on just a little while longer. 355 days, that's all we ask.
After that, it's open season!