Am I scared? Of course. Am I more scared than I would be if the Democrats had won? Not really. Our economic catastrophe has taken on a life of its own, and the Democratic party is utterly incapable of addressing this catastrophe. The Republicans promise to make it worse, but I don't know that they really can make it any worse than it'll be on its own. When the whole block is merrily burning, just as throwing a bucket of water won't help any, throwing a bucket of gasoline on it won't make it that much worse.
I will definitely predict we're heading for a double-dip recession by 2012, with unemployment over 10% and underemployment over 20% (which will be blamed on President Obama and the Democrats), triggered by a collapse in the stock market bubble, the commercial real estate market, a trade war with China and/or some international crisis, probably in Afghanistan, Iraq or Iran. If we have a very poor Christmas this year, just that might
Of course, the war in Afghanistan will go poorly, as will
In 2012, look for a very militant — in the literal sense — hard-as-nails Republican president, and an assault on civil liberties and basic democratic rights that will make the
That's actually the best outcome. The worst outcome is that for some reason the Republican candidate self-destructs, the Democrats win a narrow victory*, and the Christian right — with its militias giving it substantial military power — rises up in open revolt and civil war.
*I suspect that if the Republican presidential candidate were credibly shown to have been a homosexual pedophile, the Democrats might pull out a 5 point victory.
"May you live in interesting times." A curse indeed.