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Friday, Feb 13, 2004
"DOBBS: Do you realize there are 3 trillion dollars in IOUs held by foreigners against U.S. assets? Does that trouble you.
GLASSMAN: The United States is the most robust economy in the world.
DOBBS: You can keep doing it.
GLASSMAN: Obviously, we have problems.
DOBBS: You talk like a cult member. There's a mantra, you say market, you say largest and dynamic.
GLASSMAN: I don't think I've said market yet.
DOBBS: And it simply removes the need for rationality.
GLASSMAN: I just wish you would devote your considerable intelligence what I think is the biggest problem with trade, which is alleviating the pain of the people who get caught. Trade definitely has more benefits...
DOBBS: I am trying to stop the pain before it continues and that's what has got to be addressed. And you are too smart to buy in as a sycophantic response to your corporate bosses and say, you know whatever you want to do, whatever the American enterprise needs to do."