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6496 [lbo-talk] Kucinich on money -- rank: 1000

Dennis Kucinich: "Isn't it time for fundamental change in our debt based monetary system, so we can free ourselves from the manipulation of the Federal Reserve and the banks?" What kind of nonsense is this? Goldbuggery?

Document Size:	4671
Author:	Doug Henwood
Date:	Mon Sep 29 13:36:31 PDT 2008

6497 [lbo-talk] House rejects bailout -- rank: 1000

On Sep 29, 2008, at 4:07 PM, sawicky at verizon.net wrote: > On Bill Maher, Nader was ranting about the harm to taxpayers. > > This does not strike me as a basis for a constructive 'populist' > revolt. Nader is a petit bourgeois populist. He's being consistent with himself. I don't get why any socialist or social democrat would endorse his position - or, worse, that of Bob Barr and Ron Paul. Doug

Document Size:	5011
Author:	Doug Henwood
Date:	Mon Sep 29 13:29:19 PDT 2008

6498 [lbo-talk] House rejects bailout -- rank: 1000

On Sep 29, 2008, at 2:49 PM, C. G. Estabrook wrote: > How long did you pause before accepting the Eliotian cliche, "The > last temptation is the greatest treason: to do the right deed for > the wrong reason"? I hadn't realized that that was a cliche - I can't imagine that one in ten thousand would recognize it. That aside, they did it out of ideological consistency - government bad, markets good. The left, which presumably doesn't share that worldview, is operating out of ...

Document Size:	5076
Author:	Doug Henwood
Date:	Mon Sep 29 12:16:06 PDT 2008

6499 [lbo-talk] House rejects bailout -- rank: 1000

On Sep 29, 2008, at 2:26 PM, C. G. Estabrook wrote: > Spearheaded by the Republicans in the House of Representatives... > > Too bad for McCain that he lacked the guts to put himself at the > head of that movement. Hmm, the fact that it was a bunch of fucking yahoos in the lead doesn't give you a second's pause?

Document Size:	4850
Author:	Doug Henwood
Date:	Mon Sep 29 11:38:46 PDT 2008

6500 [lbo-talk] House rejects bailout -- rank: 1000

On Sep 29, 2008, at 1:59 PM, Bob Morris wrote: > We could be seeing the beginnings of a genuine populist uprising in > the > country... Let's see. Ralph Nader denounces Bernanke and Paulson as "socialists," which he means as a criticism I think. And Ron Paul is really happy too. I guess that's populism of a sort.

Document Size:	4854
Author:	Doug Henwood
Date:	Mon Sep 29 11:08:12 PDT 2008

6501 [lbo-talk] Capital strike? -- rank: 1000

On Sep 29, 2008, at 12:26 AM, C. G. Estabrook wrote: > Doug Henwood wrote: >> On Sep 27, 2008, at 10:05 PM, C. G. Estabrook wrote: >>> To what extent can the current imbroglio be accurately described >>> as a capital strike? >> Not much at all. Banks are refusing to lend to each other. If >> they're on strike, it's against their own kind. > > Of course the classic response to a labor strike is that "the > workers are only hurting themselves.&q ...

Document Size:	5400
Author:	Doug Henwood
Date:	Mon Sep 29 10:29:16 PDT 2008

6502 [lbo-talk] NC mayor "just curious" if BHO is the antichrist -- rank: 1000

<http://www.charlotteobserver.com/104/story/220041.html> Mayor 'just curious' if Obama is antichrist By STUART WATSON / NewsChannel 36 SWatson at WCNC.com FORT MILL, S.C. -- Fort Mill Mayor Danny Funderburk says he was "just curious" when he forwarded a chain e-mail suggesting Democratic Presidential Candidate Barack Obama is the biblical antichrist. "I was just curious if there was any validity to it," Funderburk said in a telephone interview. "I was trying to ...

Document Size:	6536
Author:	Doug Henwood
Date:	Mon Sep 29 09:07:32 PDT 2008

6503 [lbo-talk] Neuroscientists heart Freud -- rank: 1000

On Sep 28, 2008, at 9:37 AM, shag wrote: > Today that picture is coming back into focus, and the surprise is > this: it is not unlike the one that Freud outlined a century ago. We > are still far from a consensus, but an increasing number of diverse > neuroscientists are reaching the same conclusion drawn by Eric R. > Kandel of Columbia University, the 2000 Nobel Laureate in Physiology > or Medicine: that psychoanalysis is "still the most coherent and > intellectually s ...

Document Size:	6139
Author:	Doug Henwood
Date:	Sun Sep 28 12:09:13 PDT 2008

6504 [lbo-talk] Gallup: BHO won -- rank: 1000

<http://www.gallup.com/poll/110779/Debate-Watchers-Give-Obama-Edge-Over-McCain.aspx > September 28, 2008 Debate Watchers Give Obama Edge Over McCain Obama seen as improving his standing on the economy by Frank Newport PRINCETON, NJ -- Americans who watched the first presidential debate on Sept. 26 gave Barack Obama the edge over John McCain as having done the better job in the debate, by a 46% to 34% margin. These results are based on a special USA Today/Gallup Poll conducted on Saturda ...

Document Size:	7333
Author:	Doug Henwood
Date:	Sun Sep 28 10:02:44 PDT 2008

6505 [lbo-talk] Cass Sunstein explains Obama's politics -- rank: 1000

On Sep 28, 2008, at 10:09 AM, Shane Taylor quoted Samantha Power's squeeze: > It is revealing, and entirely characteristic, that Obama admires > Doris Kearns Goodwin's Team of Rivals, in which Goodwin describes > Lincoln's self-conscious decision to assemble a contentious, > bipartisan cabinet. Didn't Michael Pollak post something about how this book is bullshit? Doug

Document Size:	5090
Author:	Doug Henwood
Date:	Sun Sep 28 08:20:53 PDT 2008

6506 [lbo-talk] IMF on banking crisis solutions -- rank: 1000

On Sep 28, 2008, at 2:31 AM, Joanna wrote: > Interesting... > http://www.nakedcapitalism.com/2008/09/new-imf-study-of-banking-crises.html > I've only skimmed it Standards these days... Anyway, a quote from the IMF: > There appears to be a negative correlation between output losses and > fiscal costs, suggesting that the cost of a crisis is paid either > through fiscal costs or larger output losses. So much for the "no bailout" position. Doug

Document Size:	5261
Author:	Doug Henwood
Date:	Sun Sep 28 06:16:16 PDT 2008

6507 [lbo-talk] Capital strike? -- rank: 1000

On Sep 27, 2008, at 10:05 PM, C. G. Estabrook wrote: > To what extent can the current imbroglio be accurately described as > a capital strike? Not much at all. Banks are refusing to lend to each other. If they're on strike, it's against their own kind. Doug

Document Size:	4717
Author:	Doug Henwood
Date:	Sat Sep 27 20:01:58 PDT 2008

6508 [lbo-talk] Wapo: Economists Question Basis of Paulson's Plan -- rank: 1000

On Sep 27, 2008, at 4:24 PM, SA wrote: > Wow. "Not necessarily?" You have amazing faith in the probity of > Hank Paulson. No I don't. I'm using my own powers of observation. Paulson's bill sucked. And besides, it was Bernanke who made the distinction between the market price and the hold to maturity price. Doug

Document Size:	5114
Author:	Doug Henwood
Date:	Sat Sep 27 15:12:31 PDT 2008

6509 [lbo-talk] Wapo: Economists Question Basis of Paulson's Plan -- rank: 1000

On Sep 27, 2008, at 1:14 PM, SA wrote: > It's not that "hold-to-maturity" prices are the "wrong" prices, it's > that they're subsidy prices. Not necessarily. These securities may pay off 85 cents on the dollar if held to maturity. But with mark-to-market accounting, they have to valued at their present market price - and whatever that is, exactly, it might be 20 or 30. But no one's really buying. If the gov sets a floor under the price, the m-t-m price will go up - ...

Document Size:	5420
Author:	Doug Henwood
Date:	Sat Sep 27 12:27:29 PDT 2008

6510 [lbo-talk] United Healthcare Workers protest hostile takeover of their union -- rank: 1000

On Sep 27, 2008, at 11:55 AM, James Straub wrote: > I know people will gloat with I-told-you-so-about-Stern's, and > that's fine, I can understand why someone would say that. Nah. I'm impressed by your honesty. Doug

Document Size:	5130
Author:	Doug Henwood
Date:	Sat Sep 27 12:25:12 PDT 2008