[OKIEDOC]

CapnJack wrote:
Obama will most likely start today to hammer the Repubs. for the financial woes occurring on Wall St. and the mortgage industry. When people start to see their 401K’s and IRA plans plunge in the next week or two it will be Bush and the Repubs. that will be blamed by the media and Obama ... it will not be a good couple of weeks for McCain/Palin.

REPLY:

Yes the media and Obama will try to blame the current financial condition on Bush and his administration.

However, it will also point out that some of Americas greatest experience in the financial world did not have enough common sense to see that the financial sky was actually falling.

Many of us somewhat uneducated on FR were posting cautionary comments about Wall street and our out of control financial conditions as early as two years ago.

We were also laughed at quite often by many FReepers as being nothing but old negative Scrooges.

[se_ohio_young_conservative]

I never dreamed I would live to see it ! These educated morons are doing everything possible to lead us into a depression. It is like an endless stream of terrible decisions.

We never learned from our mistakes. and there will be hell to pay.

[Notary Sojac]

"However, it will also point out that some of Americas greatest experience in the financial world did not have enough common sense to see that the financial sky was actually falling were getting theirs while the getting was good."

Fixed it for ya, no need to thank me.

[brydic1]

You are so correct. Financial pundits from Kudlow to literally hundreds of others were advising to buy these financials when they first started to retreat. I held out for about a month and then against my better judgment sold about 15% of my fixed income instruments and invested in the market. I have watched as these funds lost 5%, then 10%, then 20%, then 40% of value while these same idiots were constantly touting renewed investments. Believe me, never again. Conservatives should trust their own conservative principles. I thank the stars that I invested only 15% of my portfolio. I can afford that loss but I am a bit bitter that I fell for their spin.

I would never have listened to them had they been leftist pundits but feel betrayed by them because they are supposedly conservative economists.

In 2000 and again in 2004 we elected a fake conservative. He, in cahoots with the leftist democrats whose praise he craved, managed to spend this country into economic disaster and got nothing but ridicule from those who he thought would praise him.