According to an Obama follower, it is anticipated that he will " allow me not to worry about paying my mortgage and will put gas in my car"...interesting take...for any who have some money...better hide your wallet...on the other hand, with Obama as president and Pelosi and Reid heading a democratic Congress, we will all get a first hand view of what a "tax and spend government is like" (in case we forgot)...after just 4 years the deficit could increase 50% (net of the reduced involvement in Iraq) and government at all levels continue to get larger. Increased taxes will be necessary to fund it (or greatly reduced spending which is not likely)
Obama is inheriting a gigantic issue re the finincial situation alone...the "credit crunch" is being resolved...but the country is in recesion and everything bad relating to business contraction will happen on his shift...one good point...it should have turned within 2-3 years just in time for him to run again with a more prosperous economy as a tail wind.
just my take...