Friday Eastern Liberal Media Elite Edition!

by Rebecca Schmitz

Let’s end this week on a positive note or two thanks to the New York Times, shall we?

Conservative columnist David Brooks, who correctly noted two weeks ago that Sarah Palin’s anti-intellectualism is a “fatal cancer to the Republican party”, writes a love letter to Obama:

And it is easy to sketch out a scenario in which he could be a great president. He would be untroubled by self-destructive demons or indiscipline. With that cool manner, he would see reality unfiltered. He could gather — already has gathered — some of the smartest minds in public policy, and, untroubled by intellectual insecurity, he could give them free rein. Though he is young, it is easy to imagine him at the cabinet table, leading a subtle discussion of some long-term problem.

Obama supporter (and perhaps our future Treasury Secretary) Warren Buffett has this financial advice: buy American.

A simple rule dictates my buying: Be fearful when others are greedy, and be greedy when others are fearful. And most certainly, fear is now widespread, gripping even seasoned investors. To be sure, investors are right to be wary of highly leveraged entities or businesses in weak competitive positions. But fears regarding the long-term prosperity of the nation’s many sound companies make no sense. These businesses will indeed suffer earnings hiccups, as they always have. But most major companies will be setting new profit records 5, 10 and 20 years from now. [snip] Over the long term, the stock market news will be good. In the 20th century, the United States endured two world wars and other traumatic and expensive military conflicts; the Depression; a dozen or so recessions and financial panics; oil shocks; a flu epidemic; and the resignation of a disgraced president. Yet the Dow rose from 66 to 11,497.

All of this serves to remind me: who’s having an election night party, and how many bottles of wine or beer should I bring?


  1. Jim Lang

    Election night in Missoula… the Union Club has always been the place to be…

  2. Klemz

    Ok, this is now thoroughly boring. I’ll be back after the election when local issues matter again.

  3. goof houlihan

    I’m sorta the same way about the “parrot the daily kos” stuff, Klemz.

    However, Rebecca, I always go to the courthouse and drink sprite and stay up late on even year election nights.

    Odd years, I hang at Ferraro’s on election night.

  4. Though not mentioned in the book, this attitude of the liberal elite is best exemplified by their treatment of George W. Financial Advice

  5. “This post was so boring, I took the time to both read and comment on it. Because that’s how I roll–without a sense of irony.”

  6. I’m so bummed I forgot to get fireworks ….

  7. Klemz

    That’s masochism not irony, love.

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