What can happen with a Republican House of Representatives and a Democratically controlled Senate? Well mostly nothing I think. The Health Care Law will not be repealed for one thing. There will be no more massive stimulus except whatever the federal Reserve can do by itself. There will be no new major spending projects either. There will definitely be no major actions on politically sensitive issues such as immigration. Why will this be? Suppose for example, that the House writes a politically sensitive law. The Senate could kill it or they could pass it and send it to the President. But the President will veto it if it contradicts any of his mostly extreme left agenda. Or the Senate could write some leftist bill but the House will not pass it, so it dies. Either way the bill will not be passed. So we will have gridlock in government to a great extent especially on any political issues on which action would offend either the right or the left. But don't forget that the Executive branch our of government which includes the President has a lot of power to take actions in many areas that are not under the direct control of Congress and there are ways to get around Congress such as recess appointments, etc.
And don't forget the Federal Reserve and the Treasury Depts. that can move mountains in the economy if they want to, controlling the money supply, interest rates, bond issues/re-purchases, and many other aspects of the economy. As far as the gridlock is concerned it can actually be a good thing for business as there will be no significant laws that will "rock the boat" so to speak. What does it mean for 2012 though? I think that many Democrats will be in political trouble even more than now if they don't forget about their leftist agendas and start being cooperative with Republicans and working for the people instead of themselves. This includes the President.
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