Capital Commerce

Wall Street to GOP: Drop Dead

By James Pethokoukis

Posted: September 26, 2008

Economic conservatives may be horrified at the thought of a trillion-dollar bailout of Wall Street, but the GOPers on Wall Street seem horrified that they are being left to wither on the vine by Washington. Take a look at this email I just got last night from a money manager:

I am a lifelong ( 51 years old) "rock-ribbed" conservative.... What an eye opener this week has been! I now realize what a blowhard Newt truly is by advocating the GOP bail on the Paulson Plan. As a professional money manager I can tell you I am shocked, dismayed and depressed that the Speaker would excoriate the GOP to abandon this plan which is URGENT and necessary to avoid a financial catastrophe that once commenced may be irreversible. The level of ignorance of financial and economic reality displayed by the Speaker , Rep. Boehner, Sen. Shelby , et al, has been frightening and sad. I thought the GOP had a better grasp of such matters than the Dems. Apparently not. And if this has been pure election gamesmanship as I suspect? The willingness to play politics with the U.S. financial markets is appalling and disgusting.

I am a huge Reagan fan and admirer.I have voted GOP every election since 1976. Until now. Today. September 25, 2008. As soon as I finish this email I am going to try and get my $1000 McCain/Palin credit card donation back as I will not be voting GOP this year after watching this circus and the theatres passing as leadership displayed by the GOP. I am embarrassed to have been an erstwhile supporter of this gaggle of self-serving jerks. I hope the GOP lose their asses come November. They shall deserve it.

Enjoy Filing Your Taxes

Okay, granted the Republican Party isn't what it used to be and has drastically shifted away from its small government, pro-business, free market platform, it is certainly the lessor of two evils. Obama and his socialist friends will do nothing but raise your taxes, have the government take control of your life, and make you smile while doing it. Early remmants of Chavez in Venezuela or Kirchner in Argentina (who, by the way, is about to seize their citizens' private pension funds in an attempt not to have another default on their debt due to uncontrolled spending on gov programs...hmmm what perhaps is to come in the very near term for the US as well). We need a new party, the libertarians, to rise to power and promote fiscal responsibility, free markets, open trade, and small government! Bob Barr 2012!

Andrew Kerai of DC @ Nov 05, 2008 00:29:36 AM

What the HELL?

What is it mostly about in the first freaky place? Dont care and never will..............

Kelseipooh of MS @ Oct 27, 2008 12:05:02 PM

What the HELL?

What is it mostly about in the first freaky place? Dont care and never will..............

Kelseipooh of MS @ Oct 27, 2008 12:05:00 PM

Add Your Thoughts
About You

advertisement

Capital Commerce

Capital Commerce

U.S. News business reporter Matthew Bandyk examines the issues, people, and debates that shape the nexus of political and economic life in the nation's capital.

advertisement

advertisement

Subscribe

U.S. News Digital Weekly

A weekly insider's guide to politics and policy — in a multimedia, digital format. 52 issues for $19.95!

U.S. News & World Report

6 months of U.S. News & World Report's print edition for only $15. Save up to 67% off the cover price!