Tuesday, March 2, 2004

Lou Dobbs' Other Side

"Truth is the cry of all, but the game of few."

   - Bishop George Berkeley (1685-1753), Irish philosopher

Those of you who tune into CNN for your business news no doubt have heard Lou Dobbs promoting restrictions on business practices like outsourcing and suggesting that President Bush's top economic adviser, Gregory Mankiw, be fired. His criticism of American companies that send work outside the U.S. and his disparagement of the economic policies of the Bush administration, have been constant messages to his viewers. In an editorial last week, The Economist magazine said:

"CNN's flagship business-news programme, Lou Dobbs Tonight, which you might expect to strive for economic literacy, has embarked on a rabidly anti-trade editorial agenda, with its host greeting every announcement of lost jobs as akin to a terrorist assault."

James K. Glassman who hosts the website Tech Central Station and was recently interviewed by Dobbs, reveals another side of the man:

"Actually, Dobbs only acts like an anti-trade zealot in public. In private, where he is appealing to subscribers to the Lou Dobbs Money Letter, a 'private and confidential market report,' he carries a different tune entirely...'Investors,' writes Dobbs, 'often misled by the chronically liberal media, are making a huge mistake right now. They are underestimating the good that George Bush is doing for the economy...the boom he has created is truly one he can take credit for.' "

Of course, you won't hear any of this on Dobbs' CNN program, but Glassman says you can get the real story by subscribing to Dobbs' newsletter. It only costs $199 a year, and there's a $99.95 special if you act now. 

1 comment:

Anonymous said...

Fascinating. How can he be such a hypocrit?