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6811 [lbo-talk] Gallup polls the bailout -- rank: 1000

On Oct 8, 2008, at 11:09 AM, Lenin's Tomb wrote: > Okay, but it *should* do. This has been a massive expropriation, a > redistribution of wealth from the working class to the rich. It looks like we're moving towards some sort of nationalization of the banking system. If we had a left, we could do something with that, and might could someday. There's nothing intrinsically progressive about a nationalization, of course, but it is rich with potential. And as for this expropriation, what's ...

Document Size:	5885
Author:	Doug Henwood
Date:	Wed Oct 8 08:22:00 PDT 2008

6812 [lbo-talk] Crisis Hits 'Real' Economy in Germany -- rank: 1000

On Oct 8, 2008, at 8:44 AM, Chris Doss wrote: > How does Doug tolerate all these furners? Love 'em!

Document Size:	4755
Author:	Doug Henwood
Date:	Wed Oct 8 07:09:48 PDT 2008

6813 [lbo-talk] Crisis Hits 'Real' Economy in Germany -- rank: 1000

On Oct 8, 2008, at 8:09 AM, Angelus Novus wrote: >> But we should not continue german debates in a >> US-Forum. > > I'm not sure if Doug seems to see this as a > specifically US-forum. With you, myself, and Dmytri, > the contingent of posters from Germany is fairly > large, and Chris Doss is regularly writing from > Russia, and Wendy from Ireland, not to mention James > from England. This shouldn't be a specifically U.S. forum at all. It's based here, and the m ...

Document Size:	5479
Author:	Doug Henwood
Date:	Wed Oct 8 07:09:33 PDT 2008

6814 [lbo-talk] presidential -- rank: 1000

On Oct 8, 2008, at 8:50 AM, Wojtek Sokolowski wrote: > From "Have Your Say" on BBC. BTW, so far nobody posting there said > that MAc Churian won. Even the cheerleaders on Fox couldn't say that. They looked pretty gloomy, in fact. Amazing that Mitt Romney, McC's chief econo-flack, knew nothing about his proposal to buy $300 billion in bad mortgages. What a weird campaign - strictly seat of the pants. Doug

Document Size:	4851
Author:	Doug Henwood
Date:	Wed Oct 8 07:02:21 PDT 2008

6815 [lbo-talk] Americans very seriously bummed out -- rank: 1000

<http://www.gallup.com/poll/110983/Americans-Satisfaction-AllTime-Low.aspx > Americans Satisfaction at All-Time Low of 9%

Document Size:	4785
Author:	Doug Henwood
Date:	Wed Oct 8 06:44:34 PDT 2008

6816 [lbo-talk] House rejects bailout -- rank: 1000

On Oct 7, 2008, at 5:14 AM, Dmytri Kleiner wrote: > What crap. Another boatload of juvenile fallacies. > > Make an argument Heed your own advice. Doug

Document Size:	4674
Author:	Doug Henwood
Date:	Wed Oct 8 06:43:45 PDT 2008

6817 [lbo-talk] Gallup polls the bailout -- rank: 1000

On Oct 7, 2008, at 1:56 AM, Lenin's Tomb wrote: > Yes but, as you would ordinarily be the first to point out, the > polls yield > quite different results based on alternative wordings of the question. Yup, no doubt. The American public is divided and confused. The underlying sentiment is that something must be done, but it's not clear what. But the massive groundswell of opposition invoked by populists of left and right simply does not exist. Doug

Document Size:	5014
Author:	Doug Henwood
Date:	Wed Oct 8 06:42:03 PDT 2008

6818 [lbo-talk] [Pen-l] Community Reinvestment Act at fault -- NOT -- rank: 1000

On Oct 8, 2008, at 12:30 AM, Shane Taylor wrote: > How much blame goes to them for the gutting of lending standards? My > impression was that the primary rationale for slashing standards was > to jack-up the volume of mortgages. The Clinton admin encouraged 0-5% downpayment house purchases. Doug

Document Size:	5097
Author:	Doug Henwood
Date:	Wed Oct 8 06:37:25 PDT 2008

6819 [lbo-talk] [Pen-l] Community Reinvestment Act at fault -- NOT -- rank: 1000

The Rep line is ugly, but there is a grain of truth to it in that Clinton & Co. encouraged subprime lending as a low-income housing policy. It was a market-friendly substitute for spending actual money on public housing and rent subsidies. Doug

Document Size:	5009
Author:	Doug Henwood
Date:	Tue Oct 7 20:52:21 PDT 2008

6820 [lbo-talk] GS on Bernanke -- rank: 1000

[Today's Goldman Sachs U.S. economics daily commentary. Note point #2: they're likely to use their recapitalization authority as well as the bad asset purchasing authority. The Treasury, that is, not Goldman, though it's getting hard to tell the two apart.] Fed Chairman Ben Bernanke's speech today contained three main messages, in our view: 1) a strong hint of the prospect of near-term rate cuts, 2) a reminder of the extent of the authority and flexibility bestowed on the Fed and Treasury ...

Document Size:	8578
Author:	Doug Henwood
Date:	Tue Oct 7 17:47:23 PDT 2008

6821 [lbo-talk] new radio product -- rank: 1000

BEHIND THE NEWS with Doug Henwood podcast: <http://shout.lbo-talk.org/lbo/radio-feed.php> iTunes: <http://phobos.apple.com/WebObjects/MZStore.woa/wa/viewPodcast?id=73801817 > or <http://tinyurl.com/3bsaqb> "Best Music on an Economics & Politics Radio Show" Village Voice Best of NYC 2005 -------------------------------------------------- After a long delay, recently posted to my radio archive <http://www.leftbusinessobserver.com/Radio.html>: October 4, 2008 ( ...

Document Size:	8483
Author:	Doug Henwood
Date:	Tue Oct 7 14:00:54 PDT 2008

6822 [lbo-talk] Fweedum! -- rank: 1000

On Oct 7, 2008, at 4:40 PM, Shane Taylor wrote: > There is an internet ad that reads, "Mad about the bailout? Tell > Congress how you feel." The link takes you to > nowallstreetbailout.com, a project of > FreedomWorks, which is a project of the douchebag Dick Armey. Isn't that the same group that had the phony renters' site? Doug

Document Size:	4780
Author:	Doug Henwood
Date:	Tue Oct 7 13:56:10 PDT 2008

6823 [lbo-talk] the wink that popped chubbies around the world -- rank: 1000

On Oct 7, 2008, at 4:32 PM, Charles Brown wrote: > CB: This is not quite correct. Although , Lenin was famous for > "concrete analysis of the concrete situation", he did contribute to > general socialist revolutionary theory . But most of his writing was for the moment, wasn't it? Very specific to time and place. Seems a lot of people want to pluck it out of context and turn it into timeless truth. And I say that as someone who admires Lenin. Hell, I've even got a pic of h ...

Document Size:	5295
Author:	Doug Henwood
Date:	Tue Oct 7 13:45:30 PDT 2008

6824 [lbo-talk] bailout: 'defend private property at all costs!' -- rank: 1000

On Oct 7, 2008, at 4:33 PM, James Heartfield wrote: > This is their crisis, not ours. <http://www.madisonavenuejournal.com/images/Bank%20Run%20New%20York%20April%201933.JPG > <http://images.encarta.msn.com/xrefmedia/sharemed/targets/images/pho/t029/T029196A.jpg >

Document Size:	5256
Author:	Doug Henwood
Date:	Tue Oct 7 13:44:13 PDT 2008

6825 [lbo-talk] bailout: 'defend private property, at all costs!' -- rank: 1000

On Oct 7, 2008, at 3:38 PM, James Heartfield wrote: > World-wide faith in the system of private property is precisely what > is holding us back from a more imaginative solution. Wait a minute. You think revolutionary socialism has a chance in the current environment? Or if it all falls down it will? Is that your position? Doug

Document Size:	5074
Author:	Doug Henwood
Date:	Tue Oct 7 12:50:36 PDT 2008