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    Daily Archive for December 4th, 2012

    Recapping Jim’s 12th annual predictions, his results and score

    Here are my 2012 predictions, what happened and my score.

    Prediction: U.S. GDP will improve from 1.7% in 2011 to 2%.
    Actual:
    The most recent Dept. of Commerce report has 2012 GDP at 2%. +1

    Prediction: Small business optimism will improve.
    Actual:
    The NFIB Index showed optimism barely improved, but still better. +1

    Prediction: Unemployment will remain above 8%.
    Actual:
    7.9%.  -1

    Prediction: Expect reports of unfilled skilled jobs due to lack of qualified applicants.
    Actual:
    Multiple sources indicate up to 1.5 million unfilled skilled jobs openings. +1

    Prediction: The European Central Bank will prevent a financial melt-down, but not a European recession.
    Actual:
    The EU recession continues and is deepening. +1

    Prediction: Iraq will prove unworthy of the price paid to liberate it.
    Actual:
    Al Qaeda has returned to Iraq and Iranian weapons are crossing Iraq to arm Syria and Hezbollah. +1

    Prediction: Iran nuclear program will continue to influence oil prices.
    Actual:
    Avg. 2012 crude prices, $103 PPB, from $99.85 in 2011. +1

    Prediction: Obama will approve the Keystone Pipeline.
    Actual:
    President Obama proved he is more committed to a war on carbon fuel than lower energy costs for businesses and consumers. -1

    Prediction: Occupy Wall Street participants will increasingly look more like anarchists than reformers.
    Actual:
    With the motto, “World Revolution,” OWS is searching for relevance, like attaching to Wal-Mart protesters. +1

    Prediction: Wall Street will continue to be a leading indicator only of itself, not the economy.
    Actual:
    U.S. economy is barely growing, yet stock indexes are at near record highs. +1

    Prediction: The Supreme Court will rule Obamacare unconstitutional.
    Actual:
    Chief Justice Roberts literally rewrote the law for a contrived ruling. -1

    Prediction: Mitt Romney will be the Republican presidential nominee.
    Actual:
    +1

    Prediction: Joe Biden will not be on Obama’s 2012 ticket.
    Actual:
    They actually did talk about it. -1

    Prediction: Barack Obama will be a one-term president.
    Actual:
    -1

    Prediction: Republicans will retain control of the U.S. House.
    Actual:
    +1

    Prediction: Democrats will lose control of the U.S. Senate.
    Actual:
    -1

    Prediction: Alabama will defeat LSU in the BCS Championship.
    Actual:
    Bama 21, LSU zip. +1

    This year, 65% accuracy. Underestimated the president and his Chicago machine, and overestimated the electorate.

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