Subjugation??!!!? - you lot are always going on about being ruled by foreigners and you're objecting to the idea of a Brit taking the job!
You call the EU "Undemocratic" and then protest when the treaty of Lisbon tries to make it more so.
I think you just want a small weak Britain outside of the most powerful economy in the world being told by the yanks what to do and say.
It's not a President of Europe job though
Job description:
Preside over An annual summit, Prepare the agenda and disolve disputes.
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There is no executive role, no decision making power
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Despite all that I don't think it's exactly a shoe in for Blair though - but getting support from Angela Merkel's a boost to him as she's probably the best candidate apart from not being about to give up the German chancellorship.
Hmmm - you don't think Tony might be doing a Gordon Brown style Me first then you deal do you?
For anybody interested here's the main runners and riders and their pros and cons
http://www.euractiv.com/en/future-eu/choosing-europe/article-185666