Obamageddon
Obamageddon, a portmanteau of the words "Obama" and "Armageddon" is a name given by leading economic expert Gerald Celente and others, to a predicted financial disaster in 2012, caused by the economic policies of the Obama administration. Celente, who successfully predicted the current recession, believes that the anti-business policies pursued by President Obama will cause a further financial collapse within four years of his taking office [1] [2].
The term is also used to describe the likely electoral losses that the Obama administration and congressional Liberals will face in the coming years due to public revulsion of their radical socialist policies. Already polling shows a brewing election holocaust for the leftist agenda in the 2010 Midterm Election [3]
| “ | The absence of these...(liberal)... Democratic megadonors is contributing to a huge disparity in spending between pro-Republican and pro-Democratic groups. The groups wield huge influence in many House and Senate races because they can take in contributions of unlimited size. [4] | ” |