In 2007, the housing bubble collapsed.
In 2000, the dot-com bubble collapsed.
In 1637, the tulip bubble collapsed.
Tulip mania reached its peak during the winter of 1636–37, when some bulbs were reportedly changing hands ten times in a day. No deliveries were ever made to fulfil any of these contracts, because in February 1637, tulip bulb contract prices collapsed abruptly and the trade of tulips ground to a halt. The collapse began in Haarlem, when, for the first time, buyers apparently refused to show up at a routine bulb auction. This may have been because Haarlem was then at the height of an outbreak of bubonic plague. While the existence of the plague may have helped create a culture of fatalistic risk-taking that allowed the speculation to skyrocket in the first place, this outbreak might also have helped to burst the bubble.Eventually they all do.
But after 30 years, the unhinged Conservative bed-wetting bubble is still going strong.
Every day, reality slaps it in the face over and over again. Every day it piles the sandbags of delusion, rage and paranoia higher around itself a little. And every day, the unhinged Conservative bed-wetting bubble continues to pay off at 10-to-1 because the operators of the Conservative media and political machine continue to profit handsomely from feeding their madness.
Eventually the tulip and dot-com and housing bubbles collapsed because the shared delusion was ultimately based on tangible proposition which could not survive scrutiny. But the toxic asset which keeps the unhinged Conservative bed-wetting bubble going is not the value of a flower bulb or a NINJA mortgage, but the ever-shifting matrix of batshit conspiracies that are constantly rat-scuttling around in the skulls of millions and million of Conservatives.
And so, inevitably (from the Boston Herald):
Carr: RINO Ryan sold us out
It’s not so much that the country needs a third political party — we need a second political party, one that represents everyone who isn’t an illegal alien, a crony capitalist, a hack, a welfare recipient or a beneficiary of one form or another of government favoritism or largesse.
Wait, you say, don’t we already have the Republican Party? Yes, and that’s the problem. As a Democratic governor from Alabama used to say, there’s no longer a dime’s worth of difference between the two parties.
It’s Democrats and Democrats Lite. Tweedledum and Tweedledumber.
Exhibit A: The so-called omnibus spending bill passed in the dark of night this week by a 316-113 vote in the U.S. House. The new House speaker, a RINO named Paul Ryan, described it as a “bipartisan compromise.” He was so proud of his work that he dumped it out on the night of the GOP debate in Las Vegas...
There is no market force which can burst this bubble because there is no longer any external reality which unhinged Conservative bed-wetters recognize as valid. It has withstood wave after wave of unremitting disaster. humiliation and failure. Lose elections, win elections, doesn't matter. Get the war you wanted, the tax cuts you wanted, the president you wanted, the deregulatory idiocy you wanted..and when it all falls down they just change their war paint, wish the past away and play Blame the Negro for seven years.
There is no force which can burst this bubble except you and me.