February 28, 2004
BUSINESS: The Lou Dobbs Rogue Fund
Jim Glassman has some fun figuring out that if you invested your money in firms Lou Dobbs has blasted for 'offshoring' jobs, you would have made a 72% return on your investment last year.
Protectionist sentiment certainly seems to be on the rise – not just on Dobbs’ show. I’m no economist, but it’s always struck me that some loss of American jobs would be a side effect of globalization. It’s very interesting to see the leading Democratic candidates running against the central accomplishment and principles of the Clinton era. I guess “The Lexus and the Olive Tree” isn’t in vogue the way it once was...