That was one of the questions asked at a breakfast meeting I attended
today with a financial services client and a couple of others across the
river in Alexandria.

More specifically, how long will the Republicans be wandering in the
desert until they can elect a president again?

Consensus: 16-20 years, minimum, and maybe never unless the party makes
significant changes in its attitudes towards Latinos, blacks, social
issues.

The financial services guy manages several funds, including a large-cap
fund. He thinks many of today's large-cap corporations will never come
back, and if there is a market rebound, the smaller corporations will
lead the way. His advice to me: stay the hell away from "the market."

Oh...the financial times we're in right now...some fund managers are
referring to it as the "Bush Recession," and others, the "Bush Depression."