Historically there's no doubt that productive companies withhold expansion when a leftist regime is in power...that just makes sense.
When the bias goes the other way and more political power is tilted toward the pro-business faction, businesses hire.
As far as Obamacare goes, any de-fanging the Repubs are able to do (and they will because they now hold the purse strings) will encourage business even more. The EPA? Yes, there are threats aplenty. However, with the prospect of losing even more power in '12 we'll see how far the Dems actually go with that.
When the bias goes the other way and more political power is tilted toward the pro-business faction, businesses hire.This is where we fundamentally disagree. I don't subscribe to the confidence or good-feelings theory of economic growth where investors and market actors act on their perceptions of, or feelings about, the political or social climate. Some probably do, but they don't last long as they tend to pass quickly into a richly deserved bankruptcy. People invest when they can expect a reasonable return on their investment--that's it, that's the only reason. Yes, Republicans won the house in November, but the Senate, the White House, and the entire administrative base of the federal government remain in the hands of the other party, and even if the Republicans now ruled everything, the structural issues occasioned by the crash, or that caused the crash itself, would stubbornly refuse to disappear by act of electoral fiat, and our fiscal crisis would remain every bit as acute, and the costs of addressing it every bit as expensive.