Coalition replaces the government. Harper stays on as leader of the opposition, survives a leadership review. Ignatieff becomes unelected PM. Economy worsens. Coalition falls apart. Grits take most of the blame, because nobody really expected anything better from the NDP or Bloc. Election late 2009/early 2010. Grits lose seats, Tories and Bloc gain. CPC is in power again in 2010.
I think I’ll revisit this post in a year and see how spectacularly right and/or wrong I am. Hopefully, I’m wrong. Feel free to leave your own predictions in the comments.
Oh, and also, the scenario I would *like* to see? No coalition. Ignatieff elected as Liberal leader. Grits defeat Tories in a proper election without the support of the NDP and Bloc.