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12/3/2012 9:35:35 PM
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%. Plus 1.
Prediction: Small business optimism will improve. Actual: The NFIB Index showed optimism barely improved, but still better. Plus 1.
Prediction: Unemployment will remain above 8%. Actual: 7.9%. Minus 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. Plus 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. Plus 1.
Prediction: Iraq will prove unworthy of the price paid for its self-determination. Actual: Al Quida has retunred to Iraq and Iranian weapons are crossing Iraq to arm Syria and Hezbollah. Plus 1.
Prediction: Iran nuclear program will hold oil markets hostage. Actual: Avg. 2012 crude prices up to $103 PPB, from 99.85 in 2011. Plus 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. Minus 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 by attaching itself to Wal-Mart worker protests. Plus 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. Plus 1.
Prediction: The Supreme Court will rule Obamacare unconstitutional. Actual: Chief Justice Roberts literally rewrote the law for a contrived ruling. Minus 1.
Prediction: Mitt Romney will be the Republican presidential nominee. Actual: Plus 1.
Prediction: Joe Biden will not be on Obama’s 2012 ticket. Actual: They actually did talk about it. Minus 1.
Prediction: Barack Obama will be a one-term president. Actual: Minus 1.
Prediction: Republicans will retain control of the U.S. House. Actual: Plus 1.
Prediction: Democrats will lose control of the U.S. Senate. Actual: Minus 1.
Prediction: Alabama’s defense will defeat LSU’s in the BCS Championship. Actual: Bama 21, LSU zip. Plus 1.
Write this on a rock …Only 64% accuracy this year. Underestimated the president.
Jim Blasingame is one of the world's leading experts on small business and entrepreneurship. He is the creator and award-winning host of the nationally syndicated radio program, The Small Business Advocate ® Show. In addition to his weekly columns, Jim is the author of two books; Small Business is like a Bunch of Bananas and Three Minutes to Success .