One thing is certain: Obama will either try to take credit for the boom, or try to shut the industry down (he has done both so far--it just depends on where you are).
Very True. As I work 50~60 hours a week, I hire more services done that before I would do myself. We go out to eat more and tend to purchase more.
Add to that people brought into a higher paying job, and folks hire that were not working before and there is a lot of spin-off work not counted.