US Action News

As bad as things are, they’ll probably get worse in 2012. And they are likely to continue going badly for years to come after that, because it will not be easy to reverse the damage of the current administration. – American Thinker

It seems that when it comes to jobs, energy, and investment, this is a President who prefers to choose fantasy over reality.

“Some increases seem almost customary, like ever-rising gas prices, while others, like a potential 25 percent hike on tap water, are more surprising.” Here is of a list of the products that will probably see a price increase in 2012 (majority of block-quote information via dealnews): – The Blaze

Today, an increasing number of Americans want to understand why our economy is dying and why our national debt is skyrocketing. An increasing number of Americans are deeply frustrated with what is going on in Washington D.C. and they are alarmed that we seem to get closer to becoming a totalitarian police state with each passing year.

Mish outlines what he expects for 2012: Severe European Recession as the sovereign debt crisis escalates; Political Crisis in Europe; Relatively Minor US Economic Recession; Major Profit Recession in US; Global Equity Prices Under Huge Pressure; Fiscal Crisis in Japan Comes to Forefront; Few Hiding Spots Other than the US Dollar; US Public Union Pension Plans Under Attack; Regime Change in China has Major Ramifications; Hyperinflation Calls Once Again Will Look Laughable.

I am amazed at the stubborn and clingy persistence of President Barack Obama’s snowblowers in the media. See no scandal, hear no scandal, speak no scandal. – CNSNews.com

About 15.5 million barrels of oil a day, or a sixth of global consumption, passes through the Strait of Hormuz between Iran and Oman at the mouth of the Persian Gulf, according to the U.S. Energy Department. Iran’s navy started a 10-day exercise east of the passage that involved the use of submarines, ground- to-sea missile systems and torpedoes, Press TV said Dec. 24. – Bloomberg

Here we go again. Didn’t we just have a fight about increasing the debt over a trillion dollars?

All indications point to 2012 being a turning point year of unrelenting economic crisis spreading outward from Europe and the US to Asia and its dependencies in Africa and Latin America . The crisis will be truly global. – Global Research

The conclusion was that using evidence from history there was a very good chance that the next recession would start by 2012 especially once we concluded that the artificially long business cycles of the “Golden Era” were a thing of the past. – Business Insider