The Obama DotCom “Bubble”?
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”. During these four years many online businesses were created... t’was the new big thing! Soon E-Commerce would overtake ordinary retailers and the sky was the limit... we’d all get rich, good times a'comin' forever! Internet based companies sprung up like mushrooms after a summer rain... IPO’s were offered and these companies stocks were eagerly purchased by many investors. Prices soared! Trouble was... many of these companies offered no REAL products... they were mere promises and speculations with some very "creative" accounting. But these stocks were traded as if they were real stuff. Some folks became very wealthy, those smart or fortunate enough to sell at the height of the boom. But soon many began to learn much of the Dot Coms were “hot air” no real stuff... when folks began to realize that values were way above any reality, panic ensued causing massive selloffs and POP went the bubble... assets quickly became worthless, 401K's bombed and trillion$ were lost!
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” (main movers Democrats in Congress led by Rep. Barney Frank and Sen. Cris Dodd)... many 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. $100,000 houses sold for $250K with many of the loans very shaky and poorly researched. The banks and brokers, backed by promises of Fannie and Freddie were enthusiastic players as many received payment upfront or quickly packaged and sold the loans to others (SUCKERS!). Soon, as the these loans came due buyers who NEVER would have qualified under any reasonable rules began to default... panic ensued values dropped few could sell, fewer could now buy... many are “under water” and POP went the bubble! Assets quickly became worthless and trillion$ were lost! (sound familiar?). As with most liberal programs from "Great Society" till now... those who were to be helped were the most hurt.
History was made November 4, 2008, as Obama was elected POTUS, along with large Democrat majorities in both houses of Congress (gotta love a good sales job). Now... (OMG!) they had to govern! And at a time when the country was reeling economically from all the body blows of the bubbles bursting!
Note:The GOP accommodated the election of Obama by nominating a feckless “I dunno if I really wanna be Republican” candidate, 71 year old John McCain... a war hero but his best years are behind him. Poor John could not excite many folks... save introducing us to Sarah Palin, his single greatest contribution during the whole sordid and failed campaign. Sadly, most of the insider GOP want to take this tack again in 2012, makes one wonder... who's side are they own?
Since ascending to the highest office in the world and for two tortuous years forcing the oft-failed socialist agenda on an increasingly reluctant public at every turn... many have now discovered Obama and his hyper-liberal buddies in Congress also have no REAL products or solutions! All they sold us were mere vague promises of candycanes and sugarplums... (can you say “dotcom”?). His solution to everything is MORE spending, more private sector strangling regulations and more taxes on just about every apect of life... yet the economy continues to faulter and unemployment stays stubbornly high (even with cooked books, that would Paula Deen envious!). Could an observer now conclude we have another “bubble” soon to burst? Like DotCom and housing, did wild speculations raise the "paper" value of a junior senator from Illinois to hugely overvalued status???? All hype and little substance, as a great nation sinks into an economic and spiritual morass (I gotta great idea: blame Bush)!
Will voters now “sell”? We saw what may be a beginning of a MASSIVE sell off in the mid-terms of November 2010... will it complete in 2012! But the wealth and freedom lost as a result of the “Barak Obama DotCom Bubble” so far may be incalculable! More assets became worthless, 401K's bombed and trillion$ lost! Could it be (maybe just maybe) the sales people (BigMedia/politicians) were a bit dishonest in all these bubbles... Hmmm??? Now we will see an all new sales pitch (hate the rich...tax the rich, yada, yada, yada) in a new attempt to repackage and sell the same old Obama snake oil...(only the fools buy twice?) maybe we need MORE federal regulation to protect us?! Problem is... what can we do when our "protectors" are also our oppressors?
I have become convinced all Liberals/”Progressives”/Leftists are clinically depressed
With most modern “education’ dismissing the founding Judeo-Christian concepts of our American experiment… victims of this “education” (OWSers/”progressives”) are as much “bitter-clingers” as those Obama spoke of in his infamous comment about clinging to “God and guns”. They “bitter-cling” to a cloudy nebulous promise of the Nanny state "to care" for them… perpetual spoiled children that they have become!
One of the most telltale signs of depression is an increasing disregard for one’s appearance and personal hygiene… this has become the standard for OWSers nationwide. Their camps are trash heap testaments to this symptom! Depressed people also are fast to deflect responsibility for their circumstances and quick to anger when confronted of their behavior... as they are but helpless blameless victims of the "greedy/selfish right wing" rich! It’s ALWAYS another’s fault... they are blind to their own greed and selfishness... that constant demand to have for their own what another has earned (aka: "Tax the Rich" give it to me)!!! We see this more and more in our president as his failures continue to multiply, but ALL are the fault of the heartless GOP/Tea Party (even when he had large majorities for two years in Congress).
As we approach the 2012 elections, President Obama is more and more accusatory of Congress and the people themselves (accusing us of “being lazy”)… as he descends into increased denial of the abject failure of his and the Democrats socialist fantasy. For the 2012 election expect even more frustration as his and all “progressives” depression will metastasize into anger and rage... lead by the BlameStreamMedia.
There will be NO “Hope’n Change” in his 2012 campaign… it will be full throttle class warfare as well and efforts to create ethnic and racial warfare as well, among Americans of similar class and status (divide and conquer). The Democrats “hope” being enough Americans will “change” to also being depressed/angry and buy into the vitriol and blame game... to reach that elusive 270 electoral votes.
If he succeeds… more and more Americans will join the depressed, passive and defeated population of Obama’s base, and it may be the beginning of the end of American exceptionalism. For socialism can only “succeed” with a hopeless depressed population of losers… who are willing to accept a grim rationed subsistence, from an all-knowing, all-powerful Nanny government... and call it “life”.