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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<ref>http://www.associatedcontent.com/article/1911656/obamageddon_forecast_for_2012.html</ref><ref>http://www.lewrockwell.com/celente/celente9.1.1.html</ref>.
[[File:Obamageddon.jpg|right|400px]]
'''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 <ref>[http://www.associatedcontent.com/article/1911656/obamageddon_forecast_for_2012.html Associated Content; "Obamageddon Forecast for 2012"]</ref> <ref>[http://www.lewrockwell.com/celente/celente9.1.1.html Lew Rockwell; Celente forecast]</ref>.
The term is also used to describe the likely losses and failures that the [[Obama administration]] and congressional [[Democrats]] will face in the coming years due to public response to their [[socialist]] policies.
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]] <ref>[http://www.nytimes.com/2010/09/30/us/politics/30dems.html?_r=1&th&emc=th New York Times; Democrats Find Many Big Donors Cutting Support]</ref>
{{cquote|'''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. <ref>[http://www.nytimes.com/2010/09/30/us/politics/30dems.html?_r=1&th&emc=th New York Times; Democrats Find Many Big Donors Cutting Support]</ref>}}
==References==
==References==