Well, looks like we are heading for that debt bubble big bang. http://www.zerohedge.com/news/big-reset-2012-and-2013-will-usher-end-scariest-presentation-ever
I think leading up to election, money will be printed hardcore. Bernanke's job is as safe as Obama's. We will see a temp increase in stock market, jobs reports, all that good stuff. Press will run on it, the few states that matter will run on it, Obama reelected, and the US will be what you say above. Even if Romney gets elected, not much changes, it just may take a bit longer.