There's not much he can do. Unless the GOP miraculously moves back toward the center, nothing will get done. He might be more vocal in his criticisms of the GOP and Wall Street since he doesn't have to worry about re-election, but that would be about it. This may or may not lead to a double-dip recession depending on what happens in Europe, but the economy would still be stagnant thanks to Republican idiocy. That second dip could potentially be worse since Republicans wouldn't agree to any stimulus at all.
If he gets a liberal, Democratic House and an as liberal as possible filibuster-proof majority in the Senate, things will be much better. We'd be able to get people back to work and work to reduce the deficit the common sense way, by raising taxes on the rich and cutting wasteful spending (not entitlements or programs people depend on). Democrats may change filibuster rules then, but it's a tool they'd probably like to use when Republicans are in control, so who knows?
Regardless of Congress, I think he might want to speed up the Afghanistan withdrawal,but I think he relies heavily on his military advisors, so I don't think we'd get out much sooner than 2014. He may shake up his Cabinet a little bit depending on if anyone decides to leave, but he seems content with them now, so I don't think things will be much different on that front.
We NEED a liberal Congress. It doesn't matter if Obama is re-elected (except for the Supreme Court) if Congress is fringe conservative. The economy will still be largely stagnant.
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