Let it be known that President elect Obama has received more worldwide hype than any other leader in all of human history. I would defy anyone to name someone who has received more. In modern times, Presidents Reagan and Clinton have received alot of acclaim, but they did so only after achieving major things for America. Even then, when they were at the height of their popularity, it would be nothing compared to what we are seeing with Obama. A recent CNN poll put his popularity right now at more than 80%. http://www.cnn.com/2009/POLITICS/01/18/poll.obama.rating/index.html
All this for a man who has not even served one full term as senator and not even one single day in presidential office.
Could it be that people are bending reality and simply going on hope? (Remember, in trading, hope is a recipe for disaster) Could it be that part of this whole thing is a media-induced delusion? We all heard about how everyone was saying during the tech bubble that we were in a "new economy". These delusions will continue to repeat themselves throughout history. The question is, is this Obama hype one of those times?
We shall soon see. Once he gets into office, hype will collide with reality to some degree. He will have to "show us the goods" and he will undergo more scrutiny. I believe the level of this hype is not sustainable. However, the media will continue to not only give him a free pass. I'm not exaggerating when I say that the media will continue with its copius fawning, gushing, adoration, and yes, worship of the man.
All this for a man who has not even served one full term as senator and not even one single day in presidential office.
Could it be that people are bending reality and simply going on hope? (Remember, in trading, hope is a recipe for disaster) Could it be that part of this whole thing is a media-induced delusion? We all heard about how everyone was saying during the tech bubble that we were in a "new economy". These delusions will continue to repeat themselves throughout history. The question is, is this Obama hype one of those times?
We shall soon see. Once he gets into office, hype will collide with reality to some degree. He will have to "show us the goods" and he will undergo more scrutiny. I believe the level of this hype is not sustainable. However, the media will continue to not only give him a free pass. I'm not exaggerating when I say that the media will continue with its copius fawning, gushing, adoration, and yes, worship of the man.