Schadenfriedman

2 comments November 15th, 2008at 01:44pm Posted by Eli

Does it make me a bad person that I find this kinda hilarious?

It would be easy to dismiss today’s rant (however spot-on it might be) by New York Times columnist Thomas Friedman as yet another ideological tirade against the U.S. automobile industry. But based on the bad news coming out of shopping-mall owner General Growth Properties [GGP], it is no wonder Friedman is feeling crankier than usual. 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.

How will Tom ever get by on only $25 million?  Will his $50,000 speaking engagements and million-dollar book deals be enough to sustain him?  Should we take up a collection?

If he hadn’t been an advocate of invading Iraq for no good reason, I might be a little more sympathetic… but he was, so screw him.

(h/t Stoller)

Entry Filed under: Economy,Iraq,Media,Wankers

2 Comments

  • 1. Cujo359  |  November 15th, 2008 at 4:17 pm

    How do you live with yourself, Eli? ;-)

    The Tubez seem to be full of people making mutliples of America’s median income who feel that they’re not very well off. I’ve read comments by them at FireDogLake, among other places. I have no idea why they feel this way. I’m sure it’s a lot tougher if you have kids, but these people are a hell of a lot better off than most folks in their situations.

    So it wouldn’t suprise me to find that the Friedmans (Bucksbaums?) don’t feel like they can make ends meet, even on all the interest they could earn from $25M.

  • 2. Eli  |  November 15th, 2008 at 4:20 pm

    Well, they always claim to speak for Ordinary Working Americans, so maybe they’ve forgotten that they aren’t.


Contact Eli





Feeds

Linkedelia!

Most Recent Posts

Archives

Categories

Calendar

November 2008
M T W T F S S
« Oct   Dec »
 12
3456789
10111213141516
17181920212223
24252627282930


Thinking Blogger

Pittsburgh Webloggers

Site Meter


View My Stats *