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6481 [lbo-talk] Fwd: Bailout Bill Hurts Small Business -- rank: 1000

Hi Doug, Here is the section of the bailout bill we have serious concerns with. Essentially it will give the Secretary of Treasury the ability to suspend the Federal Acquisition Regulations (FAR) which governs federal contracting therefore allowing the potential to push small businesses out of federal contracting programs all together. Below is section 107 of the Emergency Economic Stabilization Act of 2008 SEC. 107. CONTRACTING PROCEDURES. (a) STREAMLINED PROCESS.-For purposes of this Act, ...

Document Size:	7248
Author:	Doug Henwood
Date:	Tue Sep 30 11:16:42 PDT 2008

6482 [lbo-talk] bail out: four "european" questions -- rank: 1000

On Sep 30, 2008, at 4:21 AM, moominek at aol.com wrote: > Sometimes it is quite difficult to understand US-interiors from > outside, > four questions that's why from Berlin: > > 1) Is it at all a debate about state intervention "in principle" in > US-Congres? May be it is more a conflict about who will controll > this state intervention next - after the election? And the rejection > of the bailout more a symptom of a republican "Après moi les > deluge&qu ...

Document Size:	7817
Author:	Doug Henwood
Date:	Tue Sep 30 11:16:07 PDT 2008

6483 [lbo-talk] Adolph Reed on the politics of the crisis -- rank: 1000

[I emailed Adolph Reed with a complaint about the vacuity of so much "left" response to the financial crisis/bailout. Here's his response.] Unsurprisingly, I guess, I've had the same reaction on hearing the left demands to block the bailout. I kept thinking that I must have been missing something, that they must have some follow-up position that would modify that stance. Who, after all, could imagine that the alternatives they push for could even be in the ballpark for considerat ...

Document Size:	5671
Author:	Doug Henwood
Date:	Tue Sep 30 09:49:23 PDT 2008

6484 [lbo-talk] socialism -- rank: 1000

[from Mike Allen] Rush LIMBAUGH, shortly before the vote: 'This absurdity is better known as socialism.'

Document Size:	4577
Author:	Doug Henwood
Date:	Tue Sep 30 09:42:30 PDT 2008

6485 [lbo-talk] there can be no bailout. -- rank: 1000

On Sep 30, 2008, at 4:47 AM, Dmytri Kleiner wrote: > American must, and will, consume less. Yes, but which American? Doug

Document Size:	4656
Author:	Doug Henwood
Date:	Tue Sep 30 09:39:14 PDT 2008

6486 [lbo-talk] ABC: opinion on bailout mixed, most fear rejection will worsen downturn -- rank: 1000

<http://abcnews.go.com/PollingUnit/Politics/story?id=5918879&page=1> Vote in Congress Raises Concern About a Deeper Economic Decline 88 Percent Concerned the Action in Congress Could Worsen Economic Downturn ANALYSIS by GARY LANGER Sept. 30, 2008 Americans overwhelmingly are concerned that Congress' rejection of a financial rescue plan could lead to a more severe economic decline in this country. And the public divides about evenly on whether or not the government ultimately will b ...

Document Size:	8914
Author:	Doug Henwood
Date:	Tue Sep 30 09:26:19 PDT 2008

6487 [lbo-talk] House rejects bailout -- rank: 1000

On Sep 30, 2008, at 12:36 AM, Shane Mage wrote: > The American people have vehemently and massively rejected this > swindle. The American people supported the Iraq war before they sorta turned against it. They re-elected Reagan and Bush. I'm not sure they're a great repository of wisdom or comprehension. Doug

Document Size:	4826
Author:	Doug Henwood
Date:	Tue Sep 30 09:13:07 PDT 2008

6488 [lbo-talk] House rejects bailout -- rank: 1000

On Sep 30, 2008, at 11:55 AM, Gar Lipow wrote: > FDIC expansion, > Nationalizing the Federal Reserve and turning it into a Bank of the > United States that grants the kind of credit we need. vs. Kuttner's: >> The Democrats should write a bill that includes: > >> * An RFC-style agency to have the government take over or take >> major equity positions in failing banks. >> * Direct refinancing of threatened mortgages, on the model of >> Roosevelt's Home ...

Document Size:	6101
Author:	Doug Henwood
Date:	Tue Sep 30 09:11:33 PDT 2008

6489 [lbo-talk] House rejects bailout -- rank: 1000

On Sep 29, 2008, at 10:52 PM, Gar Lipow wrote: > Even in the short run there are more progressive ways to deal with > this than just modifying Paulson's crap. FDIC expansion, > Nationalizing the Federal Reserve and turning it into a Bank of the > United States that grants the kind of credit we need. You're kidding, right? With this Congress? Or even the next one? Doug

Document Size:	4910
Author:	Doug Henwood
Date:	Mon Sep 29 20:31:03 PDT 2008

6490 [lbo-talk] Kucinich on money -- rank: 1000

On Sep 29, 2008, at 10:16 PM, Shane Mage wrote: > Dumbocrats > Repugnicons. > McMelanoma Really.

Document Size:	4600
Author:	Doug Henwood
Date:	Mon Sep 29 20:28:07 PDT 2008

6491 [lbo-talk] House rejects bailout -- rank: 1000

On Sep 29, 2008, at 7:05 PM, Gar Lipow wrote: > How about James Galbraith? Is he operating out of brain dead > anti-elitism, when he calls for expansion of the FDIC and creation of > an infrastructure bank - along with a long term investment in > infrastructure both green and conventional? I'm all for that. But that's not the issue right now. The issue right now is the potential collapse of the banking system. This is a time scale of weeks vs. one of years. Doug

Document Size:	5008
Author:	Doug Henwood
Date:	Mon Sep 29 18:05:57 PDT 2008

6492 [lbo-talk] Kucinich on money -- rank: 1000

On Sep 29, 2008, at 9:52 PM, John Thornton wrote: > Kucinich opposes the privatized nature of the Federal Reserve The Fed hasn't been an agent of austerity since the Volcker years. They should really update their critique, these populists. Doug

Document Size:	4706
Author:	Doug Henwood
Date:	Mon Sep 29 18:04:32 PDT 2008

6493 [lbo-talk] Roubini on the bailout scam -- rank: 1000

On Sep 29, 2008, at 8:38 PM, mk wrote: > I've been faxing him Dean Baker's recommendations, along with > explanations of how he was among the economists who has been warning > of this bubble for years. Yeah, Dean's been warning of it for years, but now that "it" is here, Dean says it's no big deal. I'm confused. Doug

Document Size:	4921
Author:	Doug Henwood
Date:	Mon Sep 29 18:03:13 PDT 2008

6494 [lbo-talk] House rejects bailout -- rank: 1000

On Sep 29, 2008, at 6:25 PM, Shane Mage wrote: > And Doug Henwood is a petit bourgeois what? Crank, of course. And you? A retired Trotskyist-Veilikovskian of what class origin? Doug

Document Size:	4681
Author:	Doug Henwood
Date:	Mon Sep 29 15:46:43 PDT 2008

6495 [lbo-talk] Kucinich on money -- rank: 1000

On Sep 29, 2008, at 6:09 PM, Shane Mage wrote: > Revolutionary socialists have always, always, always advocated > nationalization of the banks and democratic accountability of the > Central Bank. That is what should be meant by fundamental change > in the monetary system (any monetary system, like money itself, is > by definition debt-based). Isn't it time for fundamental change? I really doubt that that's what Kucinich meant. His language had all the marks of hard money nutte ...

Document Size:	5018
Author:	Doug Henwood
Date:	Mon Sep 29 15:44:51 PDT 2008