The New York Times today runs an op-ed piece by James Glassman, who argues that the Obama administration’s plan for saving General Motors is unfair to the company’s bondholders. But shouldn’t the Times have noted that Glassman was the principal author of “Dow 36,000”?
The book, published in 1999 just before dot-com stock-market crash, is one of the most unintentionally hilarious artifacts of the ’90s boom. Hell, no, I haven’t read it, and thank you for asking. The title is more than enough.
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mike_b1
How are a couple of companies on the verge of bankruptcy, with antiquated factories and overpaid, underskilled workforces making products few citizens of the world want, suddenly “economic prizes?”Talk about stretching the facts to make your case.