I’m just guessing here of course, but expect the President to downplay the public option this Wednesday not because he wants to but because of concern over the 2010 elections. Also expect him to use a humanitarian plea for doing something along with the financial story. Of course, the financial side is a red herring as there are no cost savings but at most some offsetting of tremendous additional spending.
A horror story or two may punctuate his remarks and I suspect he will give one last chance to a bi partisian effort.
With the public option off the table or at least with some vague delay into the unknown furture, getting something done is indeed likely this year. However, when we will really deal with health care will be left until we figure out the mistake we are making now.