Blasingame’s 12th annual predictions

Jim Blasingame

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 “Rhyme 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.

Write this on a rock... 2012 will be a defining year for America and planet Earth.

Jim Blasingame is creator and host of the Small Business Advocate Show. Copyright 2011, author retains ownership. All Rights Reserved.

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