In response to:

Why the Obama Bubble Still Hasn’t Burst

silvereagle Wrote: Oct 08, 2012 6:14 AM
George Santayana - "Those who cannot remember the past are condemned to repeat it."
Greg1084 Wrote: Oct 08, 2012 6:57 AM
Whoever keeps the notion of original sin in proper perspective best keeps human nature from taking over. Sometimes Catholics do this best, sometimes Protestants.
1960Republican Wrote: Oct 08, 2012 6:43 AM
Yeah, I like Santayana, a good Catholic boy, and yet he could still think.

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...