What's the spin now?

The cloak has been lifted! He can't evoke Bin Laden, can't rig elections with Diebold software (thank god for that one! I've never been more happy to be mostly wrong!), does not have the ultimate math, etc...

What's the move now?

IMHO, his best bet is to downplay the significance of last night. Marginalize the referendum, blame it on corruption, etc... and try to tee it up for the '08 cycle.

Bet he's waking up just hammered this morning! Drunk off his arse, blubbering in political pain and anguish over his loss of stature and power.