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It is now clear that 2012 will continue to be a year of continued volatility and uncertainty. Obama was AWOL for the deficit talks, the committee was selected to fail before it even started, and the partisan rancor will just get even worse as the election comes closer, if that is even possible. Veteran lawmakers who have been in Washington for over forty years say they have never seen anything so bad. Although there may have been major battles between the Republicans and Clinton , or others before them, they always, in the end, found a compromise. They always understood that the country came first. That is not the case now. Whether it is Obama and Pelosi, or the Tea Party, the extremes are in control and there is no grown up in the room. Obama has no experience and is in the end a leftist. Pelosi does not care what effect it has so long as what she says furthers her own career. People who know her well for over 25 years say she is not at all smart and is simply doing what is good for Nancy. She is already part of the 1%, so she does not care. The Tea party seems to have people who do not know what the word compromise means. Harry Reid just mumbles what he is told to say by the unions. In short there is no leader in Washington, and this is not going to change at all until the election. The result is the deficit will not likely get resolved and there will be huge fights over defense spending, which cannot get cut a lot further than it already is, and the tax rates on upper income people.

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