Obama’s Collectivism Bubble

It is ironic that Barack Obama won office in large part due to an economic bubble that burst. The housing market bonanza couldn’t go on forever. obama-collectivismAnd when it didn’t, the entire financial sector melted down. In other words, because there was insufficient wealth (or actual value if you prefer) in the assets being traded back and forth, the system couldn’t go on forever. Sooner or later people get nervous and want their money out. (Michael Lewis’s Boomerang is still the best description of this for those who are not economic experts.)

Now Obama is presiding over a collectivist bubble. Again, we are not creating wealth; instead Obama is taking and/or borrowing from one pocket to put in another. It should be no surprise that this does not increase wealth or employment, especially when you add in a mound of regulations and tremendous uncertainty.

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About Albert N. Milliron 6991 Articles
Albert Milliron is the founder of Politisite. Milliron has been credentialed by most major news networks for Presidential debates and major Political Parties for political event coverage. Albert maintains relationships with the White House and State Department to provide direct reporting from the Administration’s Press team. Albert is the former Public Relations Chairman of the Columbia County Republican Party in Georgia. He is a former Delegate. Milliron is a veteran of the US Army Medical Department and worked for Department of Veterans Affairs, Department of Psychiatry.

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