Drudge is highlighting an article by James K. Glassman, who claims the New Deal didn't work.

[Quixote1818]

Is this the best guy Drudge, Rush and Sean Hannity can come up with? If it is they are in bad shape!

Here is a sample of some of his brilliant :rofl: work:


He wrote the book "Dow 36,000"

Dow 36,000. In this book, published in 1999, near the peak of the late 1990s stock market bubble, Glassman and his co-author declared that the stocks making up the Dow Jones Industrial Average, then around 10,000, were undervalued and that the stock prices would rise sharply, with the index reaching 36,000 within three to five years. In its introduction, Glassman and his co-author wrote that the book "will convince you of the single most important fact about stocks at the dawn of the twenty-first century: They are cheap....If you are worried about missing the market's big move upward, you will discover that it is not too late. Stocks are now in the midst of a one-time-only rise to much higher ground–to the neighborhood of 36,000 on the Dow Jones industrial average."<4> During the next three years the index declined by over 30%, bottoming at under 7,200 in the fall of 2002.<5> And nearly ten years later, the Dow hovers around 8000.

http://en.wikipedia.org/wiki/James_K._Glassman

Here is his article: Stimulus a History of Folly

http://www.commentarymagazine.com/viewarticle.cfm/special-preview-stimulus--a-history-of-folly-14953

[terisan]

1. Hope he got caught in the bust but suspect he was a devious short seller. nt

[izquierdista]

4. I don't think so

People who toot their horn that loud, and on the wrong note, are seldom smart enough to be devious.

[Quixote1818]

8. I agree, though he sold a lot of copies of that stupid book

Think of how many people he took down with him.

[Quixote1818]

2. Just found this. Nader making fun of the Book

http://www.youtube.com/watch?v=qck1urwQ5AQ

[The_Casual_Observer]

3. Glassman shakes fist at the clouds.

[Journeyman]

5. This is the kind of fool for whom you really want to see their college transcripts. . .

to learn how well they did in their survey course on US history. Somehow, stellar grades and insightful essays were probably not the norm. . .

[ProudToBeBlueInRhody]

6. Does Drudge still say McCain is going to win, according to Zogby?

Whoops!

[EFerrari]

7. LOL! John "the fundamentals of the economy are sound" McCain.