New Year's Weekend Open Thread

As 2011 draws to a close, let's look back on the year while we make some predictions for the coming one.

What was the most important event of 2011?

What was the event most over-hyped by media?

Who will be the GOP presidential nominee?

Who will win the White House?

Which Party will win the Senate? Which will win the House?

What will the unemployment rate be on Election Day?

Will the economy as measured by the Gross Domestic Product grow in 2012, shrink, or stay flat?

What will be the most shocking geopolitical event of 2012?