Politico.com – April 18, 2009:

As he battles the economic downturn, President Barack Obama is bracing Americans for a recovery different than any in recent memory – not a go-go return to prosperity like the 1990s but a slow, steady climb to stability.

“We know that an economy built on reckless speculation, inflated home prices and maxed-out credit cards does not create lasting wealth. It creates the illusion of prosperity, and it’s endangered us all,” Obama said recently.

But what Obama rarely says about ending the “cycle of bubble and bust” is this: He’s prepared to intervene to make sure that kind of red-hot growth doesn’t occur.

And he’s willing to do it with added government regulation if needed to prevent any one sector of the economy from getting out of balance – the way the dot-com boom did in the 1990s and the real-estate market did earlier this decade.

According to Austan Goolsbee, a key Obama economic adviser, the president plans to focus on stopping bubbles along with preventing busts.

Should we really kill the ups of our economy to get rid of the downs? Do we really want our economy to be like the kiddie ride pictured above? Safe, but with no thrill or chance of solid gains.




  1. soundwash says:

    lastly, lets not also forgot the next (global scale)
    bubble Mr Anti-bubble is in the process of helping to create will be the Carbon (derivative?)Bubble.

    only thing that can possibly stop this madness is if the true science that is effecting the solar system wide “climate change” and how the electromagnetic and gravimetric fields of where we are currently in the galaxy (plus it’s relevant cycles) are effecting (and heating up) the planets in our solar system is allowed to see the light of (public) day.

    simplistically put, one might refer to it as a “magnetic/gravitic squeeze play”

    (if there are alien entities observing our politics,
    they must be both sad and laughing their asses off over the CO2 scam our governments are trying to sell to our collective peoples as to the “why” behind the current atmospheric changes)

    the carbon tax-squeeze scam is already unraveling in
    Europe. -lets hope it hits here before the summer of hell is upon us..

    -s

    -anyone who trusts today’s politicians to act in the best interests of the people for whom they represent needs their heads checked.

    TURN OFF YOUR TV, STOP SLEEP WALKING and WAKE UP.

  2. Paddy-O says:

    #6, speaking of scams and scammers.

    http://foxnews.com/politics/2009/04/20/key-obama-climate-change-exchange-swayed-officials/

    Too funny. Obama has a penchant for working with criminals…

  3. Paddy-O says:

    I meant #96 above.


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