The pleasure that a liberal-leaning journalist gets when writing a fawning story about U.S. Sen. Barack Obama (D-IL). An "obasm" is a story so gushy and so fluffy, bereft of objectivity, that one imagines having to clean up after the writer with a mop and bucket.
"Did you see the obasm the local newspaper had on the front page today? They're not even pretending to be objective anymore."
N: 1: An excess amount of affection towards Barrack Obama shown through large amounts of thought and spoken conversation, also including the exchange of pictures of the same person. 2: A period of time where a majority of all thoughts and feelings are related to how great Barrack Obama is.
Person 1: Hey everyone, check out this hilarious political picture of Obama and McCain!
Person 2: Hah, that's fantastic! I understand Political Satire!
Person 3: OMG OBAMAS SO HOT *proceeds to send links of Barack Obama in swimming outfits on the beach*
Person 1: Uhh.. What?
Person 2: Here comes another Obasm...
"I was watching the news last night and when Barrack Obama gave his speech, I totally had an Obasm..."