Giant businesses will use their legislative power to get even more authority -- including perhaps the "right" to form militias that use deadly force on strikers. After all, workers have the duty to work 70-80 hour workweeks for the bare essence of survival, right? Such will be the decision of tycoons and executives when they have nothing to fear from democratic opposition. And if you think that small business will be a viable option, then think again; giant corporations will push legislation that destroys such competition.
This decision will not cause the immediate cessation of democracy in America, but it could bring about its effective end as early as November. The House and Senate could end up with enough seats filled with enough myrmidons in the Reichstag or Supreme SovietCongress even to impeach in turn Barack Obama and Joseph Biden for strictly-political grounds.
And you're sure you don't have any mental problems?