Posted on 10/08/2012 3:21:44 AM PDT by Kaslin
Can there be political bubbles like financial bubbles?
Financial bubbles, inflated by hopes and dreams, burst when reality negates any possibility that those hopes and dreams will be realized. At that point, sky high stock or bond or real estate prices come crashing down to earth.
Can the same thing happen in politics? Can a skilled politician, who has become popular with soaring rhetoric and promises, deflate when it starts becoming clear that he is not going to deliver?
Of course, I am thinking about our president.
Mitt Romney demonstrated in the first presidential debate that the considerable gap between President Obama’s rhetoric and his performance makes him a vulnerable candidate.
Yet, the president’s bubble is far from bursting.
Romney, in the debate, was aggressive but deferential toward Obama. He was deferential because, despite the poor state of the country after almost four years of the Obama administration, Barack Obama is still a popular president.
Recent polling shows his approval remains around 50 percent. At similar stages in the presidencies of the last two presidents voted out after one term, George H.W. Bush and Jimmy Carter, their popularity ratings were in the thirties.
What accounts for Barack Obama’s Teflon? How is it that, after almost four years of terrible economic results – high unemployment, sluggish growth, huge deficits and mounting national debt – that Obama’s persona is not more tarnished?
Shouldn’t today’s economic facts on the ground be sufficient to puncture the Obama bubble?
One part of the answer to this puzzle is the changing demographics of the country.
The United States today is a nation that is much less white, much less married, and less traditional than it once was. These are growing trends and each reflects in at least some large part constituencies with values supportive of Obama’s world view - activist government and moral relativism.
What was once the exception to the rule in America – not being white, not being married, not having traditional views on family, sex, and abortion – is now becoming the rule. And these constituencies are becoming sufficiently large to elect a president.
National Journal released a poll right before the debate showing Obama and Romney dead even nationwide – 47 percent each – among likely voters.
The poll shows Obama’s white support at just 38 percent.
Obama was elected in 2008 with 43 percent of the white vote. It appears that he could be re-elected with even less.
In Gallup’s polling of last week, Obama’s approval among white voters stood at 39 percent.
He gets 38 percent approval among those who attend church weekly compared to 55 percent among those who attend church seldom or never.
And his approval among married voters is 40 percent compared to 57 percent among those not married.
According to data compiled by the Tax Foundation, the large majority of those now filing tax returns in the U.S. are single. In 1960, 65 percent of all tax filers were married and 35 percent single. In 2010 it’s reversed - 61 percent of filers were single and 39 percent married.
When Barack Obama pushes for taxing the rich, he’s not just pitting those with the highest incomes against everyone else. He’s pitting married against singles. Eight of ten tax filers in the top twenty percent of earners are married. The majority of middle income and below filers are single.
It’s really a cultural divide, one you can be sure that Barack Obama is very aware of, that is keeping his bubble inflated.
The fact that Obama’s support is still this strong despite his terrible record sends a clear warning to those looking for a new birth of American freedom.
Romney and Ryan should consider taking these constituencies on directly – blacks, Hispanics, singles – explaining why America’s future hinges on shutting down the government plantation.
I believe a lot of this is true...
Also of note is that America is a politically bulimic society. We load up and ingest all things socialistic, nihilistic and entitle-istic for four years, sometimes 8. Then, for four years sometimes 8, we barf it out. Somehow, after each cycle of 8, 12 or 16 years, we find ourselves a bit... or a lot... fatter.
Great analogy!
Wasn’t there supposed to be a media bombshell report on Obama released sometime Friday or today? We were all guessing the donor story but it could be something else. Anyone know what happened?
I suspect it has.
The key here is “BLACK IS THE NEW TEPHLON” The race card lives! No matter how bad it gets he will play the victim
Star is right about this. Romney does need to address blacks, hispanics, women, etc. and show them that he is the better choice.
Changing demographics counts for some of it but it is NOT the biggest reason the bubble has not burst. If is was not for the hard core, 24/7 propaganda effects by the MSM, many Obama voters would realize that his policies are actually BAD for them.
The article places all the blame on demographics.
While demographics are a contributing factor, they are by no means the entire story.
We are witnessing a heavy amount of propoganda in the MSM, a far higher degree than what has been used before. Public unions have become increasingly bold and dangerous (which is why Wisconsin was so important). Public schools and colleges have become institutions of leftis indoctrination.
We are watching BOTH parties drift to the left. The present-day Democrat party is decidedly Socialist. The present-day GOP is, politically, about where JFK was in 1961.
Besides the debate debacle, many in the MSM were openly puzzled by the unemployment numbers, especially when they realized the numbers have been "cooked" by counting increased Federal employment--if we were using 2008 criteria, the real unemployment rate would be over 11%!
It’s not just the MSM. Libs have a hard time admitting they made a mistake. And voting for Obama was a HUGE mistake. He bamboozled so many. I have heard many mature ones on Mark Levin’s show call in with their regrets, the rest don’t want to see what’s right in front of them.
The only evidence that the bubble hasn’t already burst is the current polling. Based on 2008 turnout models, they are all a pipe-dream.
If one merely looks at the 2010 mid-terms, it can be clearly seen that the upward trajectory of Republican turnout is steep. What has changed since 2010? Obama has doubled down on the policies that brought the Dems such a monumental thrashing.
2010 was a referendum on Obama, and he wasn’t even running. The bubble burst long ago, the polls are only providing an illusion that the implosion is still to come.
Obama’s support has been feeling ashamed by him. The debate merely caused them to become ashamed FOR him. They want him off the stage. They’ll stay home in droves.
This is much more realistic view of things than much RNC/GOP cheerleading points “We are winning, it's all media lies”, or Romneys 47% secret recording comment.
This is certainly what I see here in Maryland. In fact in Maryalnd we have a huge south Korean immigrant population (all the last decade or so) and I dont see the majority of them ,the ones that are citizens, voting Republican here.
This is why I keep saying the GOP needs low turnout of these groups.
Watch those videos of the people babbling about free stuff. Watch the Occupy Wall Street videos. There are so many people in this country who are Socialists — they want the government to take from the rich and give to everyone else. That is the “47%” base that Obama has. Its not necessarily demographics although blacks and Latinos and single people tend to fall into the trap of Socialism moreso than married whites.
THIS HOPE AND CHANGE FRAUD IS JUST A CHEAP BEER..
The bubbles are really foam.. He is surrounded by the media foam, kinda like a good or bad beer, you don’t get to taste it until you get through the head.. The media build a thick foam head around this cheap beer..
The media placed a label on this cut-rate brew, but like all bargains, it isn’t anything like the promise of the advertising..
The debate was a tipping point when the general public got a mouth full of the rot-gut pi$$ that has been disguised under the myth of hope and change foam..
Bottoms up sucker.. You can spit it out in November.. :)
I wonder why religious S. Koreans would vote for the D?
This is exactly why the communists groomed this guy for the presidency. His skin color makes him nearly immune from criticism. His “historical” aspect is exactly what they needed to advance their agenda.
That is hard group to analyze because they invaded the East coast with such numbers they tend to stick with their own cliques and language. I see many of their kids who do assimilate wit their peers benefit from their hard work (and yes the immigrants appear to be industrious) , being given expensive cars and playing Rap music and smoking. But they may not vote.
While it may be not directly related/caused by them, but I see Maryland counties go from R to D as they moved in in great numbers.
I have noticed that Rs have not been polling great with Asians. if you see polls to the contrary let me know.
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