Tag Archive for 'political predictions'

Blasingame’s 12th annual predictions

Here is my 12th annual list of predictions for 2012.

Prediction: U.S. economic growth (GDP) will improve from 1.7% in 2011 to over 2%.

Prediction: Small business optimism - based on the NFIB survey - will improve from recent record lows.

Prediction: Small business growth plans, currently held back by a dam of uncertainty, will break through and set up 2013 as an expansion year. If Obama is reelected, the breakthrough will still happen, but to a lesser degree.

Prediction: Unemployment remains above 8%, due to real estate challenges, anti-business policies and rhetoric, technological advancements and structural unemployment (millions unprepared for 21st century jobs).

Prediction: “Water, water everywhere, nor any drop to drink,” from “Rime of the Ancient Mariner,” by Samuel Taylor Colerage. With millions unemployed, expect reports of skilled jobs going unfilled due to a lack of qualified applicants.

Prediction: The European Central Bank’s (ECB) unprecedented three-year loans to EU banks may prevent a financial melt-down, but not a prolonged European recession.

Prediction: Iraq will prove unworthy of the precious price paid for its self-determination.

Prediction: Iran will hold oil markets hostage against threats to its nuclear plans.

Prediction: Geo-politics (Iran) and election year politics (jobs and trade) will cause Congressional Democrats and President Obama to agree to the construction of the Keystone Pipeline from Canada to Texas.

Prediction: Behavior of the Occupy Wall Street participants will increasingly look more like anarchy than reform.

Prediction: Once a leading indicator of the economy, Wall Street will continue to be merely a leading indicator of itself.

Prediction: The Supreme Court will rule against the individual mandate in Obamacare, as it violates the Constitution’s Commerce Clause prohibiting the government from mandating citizens purchase a product.

Prediction: Mitt Romney will be the Republican presidential nominee.

Prediction: I’m doubling-down on my 2011 prediction that Joe Biden will not be on Obama’s 2012 ticket. Desperate people do desperate things.

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

Prediction: Republicans will retain majority control of the House of Representatives.

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

Prediction: Alabama’s defense will defeat LSU’s defense in their rematch in the BCS Championship Game.

2012 will be a defining year for America and planet Earth.

I talked more about my 2012 predictions on The Small Business Advocate Show. Click on the links below to listen or download.

Global predictions for 2012

Economic predictions for 2012

Political predictions for 2012

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