Yes, they will feel the pain, but they won’t blame Obama for it. They have blindly accepted the “evil rich” doctrine. They will then clamor for Obama to “do something” and he will — he will seize various industries and put them under government control.
After that, there will be no motivation to work and succeed. They'll fail as miserably as the government schools. The parasite will have have killed off another host.
Maybe instead of Texas asking to separate, we should sponsor a separate country in northern Mexico. Most of the industrious Mexicans I've met in my life come from the north. Sponsor their independence and, within a generation, we would have a functional neighbor on our southern border instead of the dysfunctional entity we have now.