Skip to comments.The Obama DotCom “Bubble”?
Posted on 12/09/2011 9:31:32 AM PST by FiddlePig
Once upon a time ('08) there came a presidential candidate...his name: Barak Hussein Obama. Little was known about him but(funny?), most of the establishment media curiously werent very curious about him... it was such a GREAT story, the first African-American with a good chance to be elected president, (no matter he had no birth certificate)! Big media were enthusiastic players/salespersons in this political scenario, soon casting aside the normal questions as to qualifications and background and also tossing aside the assumed Democrat front runner, Hillary Clinton... for this "clean articulate" new guy! Wild speculations ensued, tingles went up/down media pundit's legs, and adoring praise was heaped upon HIM creating a kinda messianic figure! For a mostly unknown, unvetted (and still so) first term Senator from Illinois... go figure?(Never lets fact get in the way of a good story!). The excitement generated by the media sales job encouraged lotsa folks to buy. Especially first time and young voters... it all seemed SO GOOD! We would have a big lovefest, racism would end, the oceans would recede, the world would love us, cheap green energy soon available to all, and maybe even our rent and mortgage would be paid! Good times a'comin'... whats not to like?
Hmmm???? Leads one to recall, In recent years we have seen other wild speculations and tingles. In the stock market from 1998 to 2002, there was what is now known as the Dot Com Bubble.
The housing bubble was a slightly different phenomenon; here there were products of real value, houses. But when Fannie and Freddie and banks were pressured by politicians to help the little guy, more people entered the market. The supply of houses could not grow enough to keep up with demand... prices soared, way above the REAL value of these properties.
(Excerpt) Read more at redneckoblogger.blogspot.com ...
The American people, as a rule, are stupid. They voted for The Messiah once, they’ll vote for him again.
Are you an American?
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