Literally the only reason I can see that Labour aren't trouncing the coalition left, right and centre is that, nice chap as he appears to be, Ed Miliband is as charismatic as a wet jumper. He should be tearing their arses off. The list above should be on posters EVERYWHERE with the slogan "Did you vote for this?".
Clegg has got an increasingly shrinking window to pull out and effectively save his party (and indeed the country) from complete obliteration. If he doesn't, as well as this batch of Tories being remembered as incredibly cruel and self-serving even for Tories, the LDs will be remembered as the people who could have stopped it but didn't.
It really is amazing that back-of-a-fag-packet stuff like privatising the roads and the police can be taken seriously by any apparently rational individual. Unfortunately, as much as I'd like to believe that Labour will reverse this shit if they win the next election, in my heart of hearts I seriously doubt it. They wouldn't be as regressive as the current shower, but they're yet to put forward a compelling alternative. And to be honest, there's still a sizeable faction in the Labour party that isn't too uncomfortable with what the coalition are doing.
I think a big part of the problem is that the current generation of politicians (which has to be the weakest in living memory, seriously lamentably bad) can't conceive of an alternative system to neoliberalism. Most of the government and opposition benches are in their early-mid 40s, so they came to political awareness in the Thatcher era - and since then, neoliberal ideology has been normalised to such an extent that it now just appears to be common sense. However, unlike in the '80s and '90s, neoliberalism itself can no longer offer a vision of the future other than growing penury and continuing stagnation.
As for Clegg, I genuinely think he believes in all this shit. He's nailed his colours to the Tory mast so publicly that he couldn't turn back even if he wanted to, and the Orange Bookers dominate the upper echelons of the party in any case. It doesn't really matter what happens to the economy from here on in - if there is a miraculous turnaround Osborne will take the credit, and if there isn't much of the Lib Dems' remaining base will desert them. The pragmatic option for Clegg would have been to back a Tory minority government on a confidence-and-supply deal, but the lure of the ministerial limo was too great. They're going to get fucked good and proper in 2015, and hopefully they're also in for a roasting in the locals in May. There won't be much of a party for Clegg's successor to inherit.