We are about to make what will be one of the most critical decisions for the next decade or more. It is not just the US economy, regulation and other domestic issues, but it is all about how the US leads the world, or not in resolving Iran and the rest of the Mideast. We are faced with the implementation of Obamacare which is a fiscal and healthcare disaster for the middle class. It will lead to delays to see doctors, lesser care, far fewer jobs at the lower end of the income levels, and huge additions to the deficit. Then for all of us it is Dodd Frank which has issues within it that are potentially going to be resolved in a way that will seriously crimp the capital markets and the ability of banks to meet the needs of a growing economy. Next there is a EPA running out of control which will seriously limit the opportunity to rapidly increase oil and gas production thru the implementation of federal fracking rules and more criminal charges if a bird dies as happened in N Dakota. It matters not at all the thousands of birds die in windmills.

There is no question Iran has to be dealt with early in 2013, either thru war or revolution. Syria will also be decided in early 2013. The clear effort by the White House to cover up the terror attack in Libya, and the refusal of the administration to send military assistance to the special operators who were under attack even though they had laser spotted the mortar which then killed them. The future path of the world will be decided in early 2013. Either Israel will attack alone, or with us, but a military attack is highly likely barring a major revolution in Iran which is unlikely. Once that happens oil goes to some very high price, capital markets get disrupted, Europe really tanks, and the US economy steps backward.

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