Bubble, Bubble, who has the Bubble now?

Bubbles - Image Credit: ventrella.com

Bubble, Bubble, who has the Bubble ... now?

Our cultural lexicon has been inundated with the concept and effects of the "Bubble" these last few years.

A Bubble is an artificially modified sustaining of an activity which has been created to attract attention and interest in people so that they either believe that something is better or good and to have people invest their time and/or money upon said activity to sustain the effect.

Generally, and this is why these activities are called Bubbles ... the activity BURSTS ... and people loose their well intended time and/or money.

Take the new jobs number released this morning for example. The number of people employed increased and showed the largest jump in the growth in jobs in three years - good news, right? Well, there is a trick behind the job growth, which represents 1/3 of the jobs created, and it is called temporary, single project government hiring - for follow-ups on the United States census. At $21.00 an hour, most people without a job would gladly sign up and take these jobs to knock on doors and gather information ... but these jobs come from Government spending (tax and borrowing against the deficit from China) and will only last until the census information taking is completed (months at best), and there is the rub - it is the next big Bubble to BURST!

We have seen Investment Bond bubbles, Dot.Com internet company creation and company investment growth bubbles, and most recently, Government seeded loose housing purchasing rules and Mortgage Packaging bubble run roughshod through our economy but the one Bubble no one wants to recognize is the looming Big, Bigger, Biggest Government Spending Bubble!

Imagine the world surrounded with bubbles. Image Credit: moolf.com

This excerpted and edited from Businessweek -

China’s Central Bank Sees New Asset Bubbles Emerging
Bloomberg - April 02, 2010, 7:41 AM EDT

China’s central bank said asset bubbles are emerging in parts of the world and in certain industries that may burst unless supported by real economic recovery.

Rapid asset price increases in major markets since 2009 have been pushed by “ultra-loose” monetary policies by governments around the world and “don’t mean real economies have recovered or will recover strongly,” the People’s Bank of China [PBOC] said in a report posted on its Web site today. Such gains “unless they receive sufficient support from macroeconomic fundamentals, may lead to a new round of asset bubbles that may burst,” the Beijing-based bank said.
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Governments worldwide have spent more than $2 trillion in fiscal stimulus to spur growth and may face difficulty coordinating exit strategies because of the “unbalanced global recovery,” the central bank said. The withdrawal of support, together with the threat of inflation and the risks surrounding the sovereign debt of some economies complicate the process, the PBOC said.

Asset bubbles are the “real worry” as China emerges from the global financial crisis into a “boom time,” former central bank adviser Fan Gang said Feb. 1. Economists at the government- backed Chinese Academy of Social Sciences warned Jan. 11 that the nation’s gross domestic product could expand as much as 16 percent in 2010 unless policy makers withdraw stimulus.
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The PBOC’s comments today echo those of other international central bank officials. Donald Tsang, Hong Kong’s chief executive, said Nov. 13 that he was “scared” that money flowing into Asia because of low interest rates in the U.S. could lead to another crisis in the region. World Bank President Robert Zoellick told Australian Financial Review on Jan. 13 that a liquidity-driven world recovery faces the risk of asset price inflation.
Reference Here>>

The Obama Administration has not learned the lessons of the past shown in the economic policies of the Carter Administration. During the one-term Carter Presidency, we saw inflation and recession happen at the same time and send our economy into a tailspin.

Now that Health Care Reform has just been signed into law, this effect will pale in comparison with the economic policies implemented here during Carter's Second Term! Just ask our biggest debt investor ... China. To have them tell it, we are drowning in Bubbles.

State Run "Obama TV" Strikes Deal to Broadcast At Gas Stations!

GSTV's installation is completely painless and all-inclusive. We take care of the management, the equipment, the network, and content, including creating your product promotions. So you and your customers can sit back and enjoy the show (it is a little like how the Obama Administration would like the American people to feel as he implements his radical political agenda). Partical Caption & Image Credit: GSTV

State Run "Obama TV" Strikes Deal to Broadcast At Gas Stations!

Gas Station TV chosen to provide NBC content to 30 million on-the-go viewers.

That's right, it is not bad enough that Chris Matthews talks about a strange feeling running up his leg on his seldom viewed show on the equally unattended cable outlet MSNBC ... now we all may be treated to the same type of incisive reflections at the gas pump as we have to stand there and fill our tanks with the politically "hated" elixir.

This excerpted and edited from NACS Online -

NBC Universal and Gas Station TV Form Partnership
NACS Online (National Association of Convenience Stores) - Posted: Sep 1, 2009

NBC Everywhere and Gas Station TV announced earlier this week that they have formed an exclusive advertising and content partnership to bring NBCU content to gas stations across the country. As of yesterday, NBCU content is available to more than 30 million viewers each month during visits to gas station pumps.
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Gas Station TV is available in more than 100 U.S. DMAs (and more than 800 US cities), including New York, Los Angeles, Chicago and Philadelphia.

“Gas Station TV continues to be sought out by the top advertisers due to our reach and ability to conduct both national and local campaigns,” said Gas Station TV CEO David Leider. “We chose NBC as our partner as they are the only major network truly committed to giving their loyal viewers the quality programming they enjoy — and now expect — when they are away from the home.”

Each GSTV screen features a four-and-a-half minute combination of local and national NBCU content, as well as content from ESPN and AccuWeather. Gas Station TV’s technology allows geo-targeting down to the station and daypart, appealing capabilities for advertisers.
Reference Here>>

Our Administration does not have an energy policy other than the recent appointment of a Politically-Radical Green Jobs Czar, Van Jones ... and there lies the rub. General Electric, as a company, views the green initiates put forward by the Obama Administration as THE way to save a dying company from itself.

Jeffrey R. Immelt, chairman and chief executive of General Electric leads a discussion with business leaders at an Ecomagination news conference at Universal Studios in Los Angeles, California May 24, 2007. Image Credit: Fred Prouser

Ever since Jeffery Immelt became the CEO of the multinational conglomerate, General Electric, it has lost profits, and its rather large media holdings, NBC Universal, have given its viewing public a 24/7 barrage on the "greening" of America in order to pursuade and propagandize the public into supporting Barack Obama's Cap & Trade plan. If Cap & Trade were to become law it would mean hyper-large Government contracts for alternative power generating technologies of which General Electric would be first in line to benefit from ... Profit From!

Of course, this new deal now indemnifies Gas Station TV from scrutiny by the newly appointed Radically-Political FCC Diversity Czar, Mark Lloyd (officially - diversity officer of the Federal Communications Commission) ... we are sensing a theme here. Yes, this is the same Mark Lloyd who was very fond of Hugo Chaves and his political take-over and control of Venezuela. Mark Lloyd stated while participating in a 2008 conference on "media reform," what a wonderful leader Venezuela's Hugo Chavez, was, and wincing at an unpleasantness the dictator had to deal with, the uppity owners of media, people who had some objections to the outright take-over of their property in mind.

He spoke of Chavez's "incredible revolution, a democratic revolution," and of the "property owners and the folks who then controlled the media in Venezuela" who "rebelled" and who "worked to oust him." Still, said Lloyd, Chavez "came back with another revolution, and then ... began to take very seriously the media in his country."

NBC Universal media properties list in alphabetical order [ctrl-click photo to enlarge]. Image Credit: NBCU

Quid Pro Quo is the order of the day here during Carter's Second Term, and Gas Station TV just became another cog in the wheel of the state run outfit headed by the very compliant NBC Universal aka "Obama TV"!