Nate Silver has a super-wonky post about the nation's confidence in America and confidence in Obama. Not as clear-cut as you might think. But what we think seems to have a big effect on what we think!
I'd chalk it all up to the Anti-Bubble Bubble!
First we were in the Bubble Bubble Years. We were in a bubble where everything just inflated! Our houses inflated, our incomes inflated, our hopes and dreams inflated. We all got big and bubbly and full of hot air. And we assured ourselves that this was the new normal and it would never end.
And then, for various reasons the bubble popped. It all just got too bubbly. And then everything suddenly de-flated. Our houses, our incomes, our hope and dreams: all suddenly flat and life-less as a pancake. And now we think that this is the new normal and it will never end. The Anti-Bubble Bubble!
And Obama and the Bubble or Obama and the Anti-Bubble are kind of in a fatal embrace...