Talks on the so-called “Fiscal Cliff” are collapsing as I knew they would. And despite the fact many Republicans appeared ready to roll over and play nice with the POTUS, it now seems pretty obvious the President wants to take a “perceived” mandate for a test drive down a one way, and John Boehner is having none of it. Notably, I seem to remember telling all of you this President was not the least bit interested in “bi-partisanship” or anything to do with real recovery. Simply put, his campaign style approach to securing his ideological intentions for our nation is right on track. And in spite of overwhelming evidence to the contrary, many of the President’s “fans” believe tax hikes on “rich folk” are going to put a chicken back in every pot.

Regrettably, I am beginning to see another of my predictions taking shape. This one however will be much more painful than anyone could have imagined. It will be this new and more dramatic economic downturn that may finally shake the Obama Presidency to its core. Who Americans will blame as a result is a question to be answered in the coming months and years. Nevertheless, Mr. Obama’s “political capital”, as it is often referred to by the pundits, may have a much shorter shelf-life in his second term.