You're absolutely correct. We've seen the way Obama gets legislation to pass when he has majorities in both Houses; we've also seen his strategy to get "emergency" bills through when he doesn't. He goes in front of the American people, and presents a crisis, whether real, or mostly manufactured.
If the unemployment rate continues to rise, and the economy continues to falter, there will come a day when he presents his "Emergency Takeover" plan for the entire US economy. Many might scoff, but there will be the down-trodden and MSM who will go along with it. His goal is to "prove" capitalism doesn't work, and that central planning is best. It will all be attempted under the guise of an emergency.
Yep and - like you said - the MSM and downtrodden will be on board.