Back in the 80’s and 90’s I would never miss an episode of Moneyline, with Lou Dobbs. It was a connection to the market, and a good roundup of trading action each day.
But at some point it lost its relevance, and Lou Dobbs turned into a kook. I once cornered poor Terry Keenan, now of Fox News, in the Subway Sandwich shop on 85th and Lexington to ask her WTF was wrong with him, and also if she would kick the Capitalist Pig, Jonathan Hoenig, off her show and let me take his place.
Terry was gracious enough to chat me up, and FWIW looks much better in person than on TV. Yes, I had a crush on her back in the day, and not even Lou Dobbs can kill my remembrances of the show, which, along with Wall Street Week with Louis Rukeyser, were staples of 1980’s Wall Street media.
I don’t know what is up with Dobbs’ goofy populism, but his shtick does not ring true:
Lou Dobbs has made his name in recent years as CNN’s so-called populist, the man who rattles on every night about the war on the middle class, “broken borders,” American companies that export jobs abroad, and the perils of free trade. He’s used his bully pulpit on CNN to scold American auto manufacturers for sending jobs abroad, attacked foreign suppliers for flooding U.S. markets with their products, and been a leading voice to “buy American” in support of the “homeland.” Given Dobbs’ blustery rhetoric, you might think he’d stand by his words and support American business by driving an American-made car, wouldn’t you? You’d be totally wrong! It turns out Dobbs doesn’t own a single car produced by an American company.
So what does the enemy of free trade, outsourcing and globalization keep at his 300-acre horse farm in Sussex, New Jersey?
A convertible 1998 Aston Martin DB7 Volante, a silver 2004 BMW convertible, and two BMW X5 SUVs. Not one is American: The three BMWs, of course, are produced by German company based in Munich. Aston Martin is a British company headquarted in the U.K., although it’s also part-owned by a consortium of Kuwaiti investors. cityfile NY
With a 300 acre farm in New Jersey’s hunt country, Dobbs has little in common with the auto workers in Michigan he claims to go to bat for.
Lou Dobbs’ Taste for the Un-American
cityfile NY
when that jackhole left CNN to cash in on the crazy internet startup cash pig i lost all respect for him. then when he came back the show had his name in the title. that pissed me off too. and what’s wrong with jonathan hoenig?
Nothing wrong with Hoenig; had to take somebody slot.
Should have gone after Wayne Rodgers chair-he screams at Jonathan too much.
I have to admire Jonathan for sticking to his libertarian ideals...I folded like a cheap suit 9 months ago.
gets back to that quote from yesterday:
``They say there are no atheists in a foxhole,’’ Well there are no libertarians in a financial crisis, either.’’-Jeffrey Frankel,
Hoenig never blinked!
SJ
i know some people that let Wayne Rodgers run some money for them, apparently he is a loser year in and year out. He can’t turn a profit.
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