Take a look at this and this. If you connect the dots, they spell a devastating economic downturn under Obama plus Pelosi plus filibuster-proof Reid. They also spell a national security disaster of historic proportions. Either one--economic disaster or national security disaster--alone would be catastrophic. Both at the same time would be cataclysmic for the 230 year old American Experiment. "A republic, if you can keep it . . ." Franklin said. "If" indeed.
How would a wise person prepare for a potential Obama depression? First of all, don't wait until the election. Start buying things you might have been strongly considering buying anyway, if they fit the scenario.
Guns, lots of guns and ammunition--if you know how to use them and care for them. Otherwise, you may want to make friends with loyal and reliable people who have that expertise.
Get out of debt. Nothing is worse in the middle of economic bad times than to be tossed out on the street or to have your vital transportation confiscated. Cut down on luxuries and accelerate those payments. Build a cash reserve. Have a cache of gold and silver coins, and a supply of trade goods of various value to use in place of money. Also, hone any basic skills you may have which might allow for barter situations.
Make good friends with your neighbors. If too many of your neighbors are unreliable or antagonistic, consider relocating to a more amenable (and defensible) area.
Look to essentials: food, water, sanitation, shelter, heat, power, fuel etc. How would you get the essentials under different scenarios? What do you need to stockpile, and what do you need to find super-reliable sources for? Can you convert to ethanol or biodiesel for transportation and/or generator fuel?
Once you account for most of the basic needs of yourself and your family, what about others in your inner circle? Are they thinking about worst cases? What can you do to help them?
Do you have a bugout kit and destination? Those precautions are for when things are soon to be falling apart around you at your current location, and you must get out now if you get out at all. A bugout destination is a fallback position. It can be an intermediate fallback position or your final "do or die" location. Best to consider every location an intermediate fallback but be prepared to defend it if it comes to "d or d."
There are many other things to consider. Check out the survival category on the Al Fin sidebar as a possible starting point. Customize your planning for your particular situation.
Added Bonus: A Tutorial on Obamanomics
H/T Small Dead Animals