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COLUMNISTS
TODAY'S STORIES
11.12.2007
Bush 36,000!

Let's see ... We're wildly unpopular around the world. Our leaders have been relentlessly mocked for seemingly delusional upbeat statements like “last throes,” “mission accomplished,” and “greeted as liberators.” So who do we put in charge of improving America’s image abroad? Why, the guy who wrote the 1999 book Dow 36,000, arguing that the era’s roaring stock market would cake-walk all the way up to triple its value. Yes, the AP reports that President Bush intends to name James K. Glassman to Karen Hughes’ former job. Luckily, the America-hating masses of Pakistan probably never had the chance to follow Glassman’s cheerleading into the stock market back before the bubble burst in 2000.

--Michael Currie Schaffer

Posted: Tuesday, December 11, 2007 3:49 PM with 1 comment(s)

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AlanK said:

If possible, this is even worse than it looks. Dow 36,000 wasn't just an illogically optimistic book. It was based almost entirely on a demonstrably wrong principal...the same money was counted twice to make high stock prices at least somewhat plausible. We have, quite literally, a man who cannot add one and one, and he is representing us. Way to go, Browinie.

December 11, 2007 10:33 PM