All bumps, no road: Welcome to Obamaville

This is Main Street, Obamaville: All bumps, no road. But shimmering on the distant horizon, beyond the shuttered diner and the foreclosed homes, is a state-of-the-art electric car, the new Fiat Mirage, that should be wheeling into town in a half-decade or so provided it can find somewhere to charge. “We will be able to look back and tell our children,” declared King Barack the Modest of his own candidacy in 2008, “this was the moment when the rise of the oceans began to slow.” Great news for the oceans! Meanwhile, back on dry land, a quarter of American mortgages are “underwater” – that’s to say, the home “owners” owe more than the joint is worth. In Harry Reid’s Nevada, it’s 63 per cent. Perhaps Obama’s Aquatic Bodies Water-Level Regulatory Authority, no doubt headed by Jamie Gorelick or Franklin Raines or some other Democrat worthy, could have its jurisdiction extended to the Nevada desert.

“Hope”? “Change”? These are the good times. What “change” are you “hoping” for in Obama’s second term? The loss of America’s triple-A credit-rating? The end of the dollar as global currency? Or just a slight upward tick in the same-old-same-old multi-trillion dollar binge-spending?

On what?