The American Spectator

Drudge Ette Obama| 1.8.09 @ 6:59AM

Someone get to Obama, if he is back from vacation yet, and educate the fool. He has a once in a century opportunity to reverse a dire course we are on. Why does he keep moving to the dark edge? Why does he want to spend another trillion on idiotic projects? What compels these people? Meglomania? How can we save ourselves?

Luonne Dumak| 1.8.09 @ 7:44AM

Educate Mr .B.O.? He is already educated, in the ways of Karl Marx.

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Alice Moore| 1.8.09 @ 8:42AM

Re: educating Obama. Obama, like many Liberals, have secular BELIEFS; not opinions. I think he shares Rev. Jeremiah Wright's worldview as well. Obama and his wife might like seeing white America lose their shirts.

A Sir John demonstrating logical cause and effect, let alone quantifiable facts,would be a waste of time.

Lauren Templeton| 1.8.09 @ 3:19PM

I received the same memo. Impressive thoughts!

We recently created a quarterly newsletter: The Maximum Pessimism Report. The Maximum Pessimism Report profiles value investing ideas from a contrarian’s point of view. If you would like to receive the Maximum Pessimism Report on a quarterly basis please visit our website: www.MaximumPessimism.com . Click on the newsletter tab to register for your free subscription.

“Bull markets are born on pessimism, grow on skepticism, mature on optimism and die on euphoria. The time of maximum pessimism is the best time to buy and the time of maximum optimism is the best time to sell.” ~Sir John Templeton

Happy Bargain Hunting!

Scott CrossSr| 1.8.09 @ 4:02PM

WOW! Astute, cogent, pithy: a stunning assembly of a few ideas in just a few paragraphs that simply ring TRUTH. I'm obviously stunned. Only Norman Poderetz in the world of civilization and ethics comes to mind. Wish I had met Sir John, just once.

frankg| 1.8.09 @ 5:06PM

Yeah, obama and the libs appear certain that this is the way to go, socialist creative destruction. Massive national debt will likely be a means to an end. Remake the world in their image. And build a second tower of bable. It'll all be a failure, of course, but as they experiment on us, they'll be sure they can get it right, eventually.

Michele San Pietro| 1.8.09 @ 6:01PM

I don't see any economic or financial disaster. Is this The American Spectator or The Communist Spectator?

Sandy| 5.17.10 @ 5:05AM

Is this The American Spectator or The Communist Spectator?

Alan Brooks| 1.8.09 @ 7:40PM

Templeton said it all. what can be added?

we should have known; 1991, recession; 1996, pulling up (the best time); 1998, optimism ("overheating" economy); 1999, millennial euphoria-- not even Y2K could dampen it.
Then the dotcom downturn in 2000-- since then it's been a hell of a ride. it was all there in the '90s for us to see but we were blinded by the light.

Joseph Smith| 1.8.09 @ 9:23PM

Thank you for sharing that amazing memo from an amazing man.

Alan Brooks| 1.8.09 @ 10:06PM

when the Old School dies off we may lose a great deal more than we might think we do.

Heimo Mauser| 1.10.09 @ 4:09PM

Great old man. But there are still left some others like Warren Buffett, Marc Faber and all the Graham&Dodd;-people who really understand the economy. If we really want to know - we could ask them for advice.

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I happened upon this urgent and wise "Memo" from him, written in June 2005. If only we had all taken it to heart and acted upon it then, how much better off we would be now.

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