Changes

The word "Obamageddon" is a [[portmanteau]] of the words "[[Obama]]" and "[[Armageddon]]" given by Celente, who successfully predicted the current recession, and who 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 word "Obamageddon" is a [[portmanteau]] of the words "[[Obama]]" and "[[Armageddon]]" given by Celente, who successfully predicted the current recession, and who 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 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>

The term is also used to describe the massive electoral losses that the [[Obama administration]] and congressional [[Liberals]] faced in the [[2010 Midterm Elections]] due to public revulsion of their radical [[socialist]] policies. Obama supporters suffered a stunning defeat during those elections, losing the majority in the House of Representatives by a large margin.  

 

{{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>}}  

{{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>}}