First! The by elections in NYC and Nevada are very significant. Looks like further erosion of DEMS in 2012 elections with Senate going Republican and DEMS losing even more seats in HOUSE. An historic collapse of a major party. ONLY some kind of Republican folly can save them but that is unlikely since the DEMS hold the Executive Branch for now. Yes the REPUBLICANS out to destroy the government and the country but then that is what Adolph Hitler did in 1933 and following years. The USA and world is about to see the catastrophic impact of the destruction of WASHINGTON’s concensus on world and domestic issues largely because greed driven lobbies strive to maintain the status quo that favors them and the top 1%. The economic royalists have won but only for a short time as the system that even though twisted collapses.
The Arab Spring may bear some fruit but not much. SALEH looks like he is finally out in YEMEN. And Libya looks like it may survive MQ and his reign. Jordan unfortunately is foundering and looks like a goner to me in next year.
The deficit super Committee will not reach concensus so $1.4Trillion in cuts may well take place.
Greece will leave EU and go back to the Drachma after default. China will not bail out the EU or Italy.
GM will wind up in next two years. So will at least one of the Too-big-to-fail banks. Perhaps BOFA and its lay off of 30,000 just a start.
The federal BP report will support the DOJ lawsuits against BP and looks more and more to me like BP’s USA run is about over.
The decade after concensus on 9/11 is in and largely concludes USA wasted its assets in that decade long effort on the GWOT!
Until next time!