How Obama Is Like a Dot-Com

Politics of hope are a bubble waiting to burst
By Kevin Spak,  Newser Staff
Posted Feb 19, 2008 11:35 AM CST

Barack Obama may be generating excitement across America, but so did tech stocks during the late-'90s bubble, writes Der Spiegel’s Gabor Steingart. "The rhetoric all sounds strangely familiar," he warns, comparing Obama’s campaign to that absurd era in the market’s history. Just as the bubble stocks had no use for pesky balance sheets, Obama sees little need for policy specifics.

Obama’s vision of future is ill defined, and when he does mention foreign policy specifics, Steingart sees red flags, contending that "there is no room for thoughtfulness in the turbulent world of Obamania." Hillary Clinton, by contrast, is like a traditional manufacturing stock, Steingart says: "If she's a secure investment, he is speculation." (More Barack Obama stories.)

Get the news faster.
Tap to install our app.
X
Install the Newser News app
in two easy steps:
1. Tap in your navigation bar.
2. Tap to Add to Home Screen.

X