I disagree KK. I think most people and companies are very reactionary. Correct me if I'm wrong small business owners here on this site, but I feel like Obamacare has hurt your small businesses more than helped. I also doubt the economy will improve much over the next few years because corporations will have little faith to hire due to his re-election. I'm not saying none will. Look at GM but few and far between will. It's silly in many ways really. If they're making the money and need employees, they should hire. But I think they'll still run very guarded. On the other hand, if Mitt won, I think companies would feel a breathe of fresh air and be more likely to hire a little more.
So this is the "fallout" if Obama wins. I also think the housing market will remain stagnant and that rates will lower even more, possibly approaching the 2's on a 30 year fixed at some point.