Venezuelan President Hugo Chavez likely to succeed in quest to become President for Life

Venezuelan president Hugo Chavez may have only two years to live. President Obama hardest hit.

HAVANA – Venezuelan president Hugo Chavez likely has less than two years to live, his former doctor said, as the ailing firebrand traveled to Cuba for a checkup following cancer treatment.

Chavez, 57, has been through four rounds of chemotherapy in Cuba since revealing he had a cancerous tumor removed in June. But Venezuela has provided few details about the exact nature of the cancer, aside from that it was in the pelvic area.

Salvador Navarrete, his former personal surgeon, told Mexican newspaper Milenio Semanal on Sunday that the leader's condition likely was worse than publicly admitted.

The doctor described the prognosis as "not good." He added, "When I say this, I mean that he has no more than two years to live."

Navarrete said Chavez likely was suffering from either a tumor in his pelvis or a sarcoma, which would explain the intensive course of treatment.

Is the US Economy Dying Under Democratic Control?

Business Insider has this 'not so rosy' view of the American Economy.

20 Reasons Why The U.S. Economy Is Dying And Is Simply Not Going To Recover

I sincerely hope they are wrong, but the idea can not be easily dismissed. In spite of the difficulties the US economy has faced in the last two years, more pain is on the way. President Obama and the Democrats controlling Congress are clueless and only interested in pursuing a liberal agenda. Perhaps, the most frightening and unexpected revelation in the article is there may be another housing market crash. You may remember the collapse of the housing market and subsequent bank crisis are the two main reasons we are in this deep recession.

Here is reason #1 from Business Insider:

The second wave of foreclosures


Do you remember that massive wave of subprime mortgages that defaulted in 2007 and 2008 and caused the biggest financial crisis since the Great Depression? Well, the "second wave" of mortgage defaults in on the way and there is simply no way that we are going to be able to avoid it. A huge mountain of mortgages is going to reset starting in 2010, and once those mortgage payments go up there are once again going to be millions of people who simply cannot pay their mortgages. This chart reveals just how bad the second wave of adjustable rate mortgages is likely to be over the next several years.

Read the other 19 reasons here.