It will be blamed on the Republicans because they did not let Obama and the Democrats go far enough and they forced compromise. So, the Dems will gear up with a "Never Again" pledge and try and gain even more power so that they can do it right this time.
We have already heard this. The Stimulus didn't work because it wasn't big enough and didn't go far enough. $800 Billion is not enough. It should have been much bigger.
Sequestration is the Republican's fault even though it was Obama's idea.
Heck, I read an article the other day saying that everything bad right now was Bush's fault becuase he completely destroyed the country in every way and it would take at least a decade to get back on our feet.