Hyperbole aside, there's some truth to that.
When it became clear that Obama was going to be the nominee and was pulling away in the polls, the economy really started going south.
Business owners went into defensive mode over the uncertainty, and everything that the Obama administration has done justified it. So far, they haven't seen any reason to venture out again.
In this instance, we need not wink behind Hyperbole’s back. One cannot over exaggerate the damage caused by our bad choices when picking leaders.
Except for the manufacturers of arms and ammo. They went into OVERTIME!