Since Obama will try to spend his way out of a deep recession, we may have a spell of hyperinflation. Knowing Obama will probably be an ideologue, I will not be surprised if he tries the failed wage-and-price control policies of the Nixon and Ford administrations. We can then expect shortages of all kinds of goods like flour, sugar, soy beans, gasoline, etc. High inflation or shortages? and I don’t see how either scenario can be avoided. I forgot to throw in high unemployment, that Obama’s neo-WPA will not be able to dent.
Wait until GM goes bankrupt AFTER the taxpayer's are forced to bail them out! All those union workers are going to be po'd (including the retirees) when their pensions, health-care, etc. has disappeared.