How Obama Becomes King

He won't do it via the law but by executive fiat:

As President Obama remakes his senior staff, he is also shaping a new approach for the second half of his term: to advance his agenda through executive actions he can take on his own, rather than pushing plans through an increasingly hostile Congress.

Read the rest here.

For instance, if he can't ram cap-and-tax through during the lame-duck session he can try and have the EPA use their authority to accomplish the same thing, all without congressional review or approval.

Just watch.