7 economic nightmares for Obama's 2nd term

US President Barack Obama reacts to a question about what he would say to Republican Presidential Hopeful Mitt Romney during a press conference in the Brady Press Briefing Room of the White House in Washington, DC, March 6, 2012. Obama holds the news conference hours before results from crucial Super Tuesday contests which could be pivotal in deciding the Republican presidential nominee. SAUL LOEB/AFP/Getty

Sand bags barricade the New York Stock Exchange on Oct. 29, 2012, during the arrival of Hurricane Sandy.
Sand bags barricade the New York Stock Exchange on Oct. 29, 2012, during the arrival of Hurricane Sandy.
Andrew Burton/Getty Images

(Moneywatch) The drawback to winning a presidential election is you are stuck with the job. The economic situation confronting President Barack Obama at the start of his second term is light-years ahead of the one he faced when he first took office, but that doesn't mean it's all sunshine on the horizon. In fact, there are challenges ahead which, if they break the wrong way, could make all of us nostalgic for the good old days of 2008.

Nearly all of these problems are out of the president's power to stop or even slow down because they aren't happening in the U.S. They range from the collapse of the European Union to a massive slowdown in China and more.

Here's a look at seven worst-case economic scenarios that are worrying more than a few well-informed observers. 

  • Constantine von Hoffman On Twitter»

    Constantine von Hoffman is a freelance writer and writing coach. His work has appeared in outlets such as Harvard Business Review, NPR, Sierra magazine, Brandweek, CIO, The Boston Herald, TheStreet.com, CSO, and Boston Magazine.

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