CrossRoads, I connected the CTS pin to ground with a jumper wire and tried uploading the blink sketch to my Breaduino and it still did not work. Should I be using a Cap to connect the CTS pin to GND?
I just checked the voltage using my multimeter and both rails appear to be at about 4.90v.
I did install the drivers to my computer from Silabs, but do you think that it is possible that the drivers are corrupt. My computer recognizes the CP2102 when I connect it via USB, so that tells me that the drivers can be ruled out. Is that correct?