There is some hope in what Obama has thus far pledged to do. My wife dislikes my following line of argument because she finds it "just plain cynical." I say "cynics of the world unite! You have nothing to lose but your cynicism!"
Here's why Obama's economic policy may bring hope.
What Obama has thus far suggested will lead to a further decline in the dollar's value. This will be coupled with an increase in taxes.
A decline in the dollar's value hurts people because it reduces their money's purchasing power.
Increased taxes hurt people because it reduces their overall supply of money.
As things get worse, Obama will order massive public works projects in order to employ people (this will be similar to the CCC of FDR's New Deal). This will add to the tax burden on the people or the debt burden on the government.
As the government continues to spend money that it doesn't have, the value of US currency and the marketability of US bonds will decline.
Here's where the hope comes in.
Since the democrats control both houses of congress and the presidency, all the blame should fall in their laps--just as blame for what's going on now is rightfully leveled against republicans (for republicans are wrong about the economy et al. as well).
One of two things must come from this. Either things get even worse--and we'll need to rent Mad Max for educational purposes--or people might actually consider that none of this government-intervention crap has worked in the past, it isn't working now, and it won't work in the future.
Sometimes it takes a case of cancer to make a smoker quit.
My wife dislikes that I seem to be actually rooting for things to get worse. However, I don't want things to get worse. I just think that they will, and I think that the worse times may become a catalyst for real change.
And now a question for Obama and his supporters:
Can you really screw up this country worse than it already is?
And they answer:
"Yes we can! Yes we can! Yes we can!"