POTEMKIN AMERICA
At dinner at the Cosmos Club here in DC last night, a dear friend of mine who is one of the finest men - and sharpest businessmen - I've ever known, held up a butter knife.
"To make this - to make a bottle cap or the side panels of your washing machine, to make any product that requires metal stamping - you need the machine tools my company makes," he explained. "Thousands of businesses of all different kinds all over America are our customers. I'm in touch with all of them, and know how their companies are doing."
He sighed. "Jack, that's why I know that our economy is in much, much worse shape than the media is letting on."
I gave him a quizzical look. "It's so funny you would say that - because I'll be writing about just that this week. I'll call it Potemkin America."
Grigori Alexandrovich Potemkin (1739-1791) was a dashing 23 year-old officer in the Czar's Horse Guards, the elite cavalry unit of the Russian Army, when the Czar's wife donned a Horse Guard uniform and led them in a coup to seize the throne of Russia.