He gets to claim he was swinging for the fence with his base and he gets a boogieman (the Republicans in the House who hopefully refuse to roll over) to blame for the next four years of bad economy.
I don't know who Peter Suderman is, but I thought his tweet about Obama's ridiculous "proposal" was funny:
Republicans hear Obama's opening bid, counter with: Eliminate the federal government, except for defense.
"Well, it is one thing for Bill Clinton to say, I feel your pain. It is another thing for Barack Obama to say I feel your pain that I have caused." - George Will