FG are in meltdown, at each others throats and utterly divided, (perhaps even by 50:50). They look utterly unsuitable for govt to the electorate right at this minute. Labour, regardless of poll numbers, don't have enough geographical spread, don't have enough candidates and have no declared policies.
Is now not the perfect time for Cowen to step up, come across as the solid Statesman, put a plan for recovery to the people and call a snap election?
If he leaves it to 2012 the economy may recover a little but certainly not dramatically. FG and Labour will be in stronger positions in 18 months. If Cowen called it immediately after today's confidence vote is won, the election would be in three weeks. FG and Labour aren't ready.
Cowen's best shot is right now.