Bill Kristol sums it up well in his new Washington Post column: Obama really declared his intentions last night, and conservatives need to come terms with the magnitude of what he’s proposing, and so with the importance of making the case for an alternative vision, with alternative solutions.
The sheer number of immense undertakings the Obama team seems intent on attempting all at once makes it likely that on the whole their efforts will end in a train wreck, but in the process they could certainly get a lot done, much of it irreversible. Conservatives need to prioritize and organize, discern good from bad from very bad, and propose a better (even if politically implausible) way. It can’t all be stopped, but some of it can, especially if there seems to be a sensible alternative.