'''Obamageddon''', a portmanteau of the words "Obama" and "armageddon" is a name given by leading economic expert [[Gerald Celente]] to a predicted financial disaster in 2012, caused by the economic policies of the [[Obama]] administration. Celente, who succesfully predicted the current recession, believes that the anti-buisiness policies pursued by [[President]] Obama will cause a futher financial collapse within four years of his taking office.
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'''Obamageddon''', a portmanteau of the words "Obama" and "[[Armageddon]]" is a name given by leading economic expert [[Gerald Celente]] 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.
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The term has also been used to describe the likely losses and failures that the Obama administration will face in the coming years due to public response to his [[socialist]] policies.
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The term has also been used to describe the likely losses and failures that the Obama administration will face in the coming years due to public response to his policies.