In response to:

Why the Obama Bubble Still Hasn’t Burst

Floridastorm Wrote: Oct 08, 2012 9:03 AM
You made a statement "we were on the verge of bankruptcy and default in 2008 before Obama won the presidency". Care to give us any some credible evidence of this? By the way, the Senate and House were in democrat's hands in 2007 and 2008. Barney Frank and Chris Dodd forced the banks, through Fannie and Freddie, to give millions of sub prime loans to unqualified borrowers thus causing the housing crash. From 2000 until 2007 the economy was fine, the unemployment rate was below 6% from 2000 to 2006 and below 5% in 2006 and 2007, GDP growth rate averaged 3.5% under GWB and has averaged 1.6% under Obama. The national debt has doubled under Obama. And, you are still defending this incompetent?

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...