We see that Obama is following the Bob Rae play book almost to the letter. He has just announced a 2 year pay freeze for federal workers just like Rae did.
But because he is President of the United States rather than the Premier of Ontario, Obama can make the plays on a much grander scale and with the implicit ideological help of the Federal Reserve, create far more damage.
It took determined politicians a decade to recover from the Bob Rae Keynesian debacle. Any guesses on how long it will take to recover from Obama?