Cliches: Wall Street votes Republican. Old white guys with lots of money are conservative.
There are some strains in that relationship. One money manager expresses his deep unhappiness with Republicans. Unhappiness so deep they have, for the first time, lost his vote.
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.
Ideology trumping good sense, ideology trumping national interests is costing Republicans votes.
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