At least partly due to today's jobs report,
1. The President's Real Clear Politics average job approval rating will dip down to 40%.
2. The Federal Reserve will announce a major open market operation later this month. There will be a QE3 and it will be big.
3. Unless congressional Republicans think they are politically bulletproof, there will be a deal to extend this year's payroll tax holiday for workers (which the Obama adminstration wants) coupled with some kind of business or investment tax cut for Republicans. This could take of an employer-side payroll tax holiday. The tax cuts will add several hudred billion dollars to next year's deficit.