The Moustache of Understanding is frantically calling on Obama to save the economy. As is expected of Friedman what he urges Obama to do is inane –apparantely Obama needs to be a true leader and urge the American public to “go shopping” to save the economy, the idea that people without a house, car or job not quite being in a position to restart the global economy by buying more Christmas presents not yet having penetrated his thick skull — but there is an extra franctic tone to his appeal. I wonder why:
That’s because the author’s wife, Ann (née Bucksbaum), is an heir to the General Growth fortune. In the past year, the couple—who live in an 11,400-square-foot mansion in Bethesda, Maryland—have watched helplessly as General Growth stock has fallen 99 percent, from a high of $51 to a recent 35 cents a share. The assorted Bucksbaum family trusts, once worth a combined $3.6 billion, are now worth less than $25 million.
Ah.
No wonder the guru of neo-liberal globalisme, the arselicker of the new world order, is now reduced to stupid pleas for someone, anyone to save him.
bjacques
November 18, 2008 at 5:53 amOh, the comments are cruel over there. If he can just hang on for one Friedman Unit, prosperity is just around the corner! But it’s just like the rabble to let them down, after all he’s done for them.
If she gets all of the trust, she’s got, say, 1.5 mil to live off. Better sell the jet.
I have the sneaking suspicion that Cindy McCain is happy her hubby lost. Her net worth must have also dropped quite a bit, and if the Maverick won, you would have heard the deafening clap of 200 million wallets slamming shut in the US alone, as the last drop of consumer confidence dried up, and that definitely would have hit her bottom line.