Search LBO-Talk Archives

7516 [lbo-talk] Dean Baker: Harsh words on US govt bailout of Bear Stearns -- rank: 1000

On Mar 17, 2008, at 4:49 PM, skinnyjohn at stealthisemail.com wrote: > Forgive a stupid question if you will, but is the Federal Reserve a > private, separate institution not connected to the federal > government, or > is such a assumption an urban legend/conspiratorial myth? Thanks! The Board in DC is entirely a government entity (though as Greider points out in his book on the Fed, it acquired the land its HQ is on from the USG - there was an actual deed transfer, suggesting that ...

Document Size:	5680
Author:	Doug Henwood
Date:	Tue Mar 18 12:04:48 PDT 2008

7517 [lbo-talk] Recommended Reading -- rank: 1000

On Mar 18, 2008, at 11:53 AM, Max B. Sawicky quoted BHO: > But the remarks that have caused this recent firestorm weren't simply > controversial. They weren't simply a religious leader's effort to > speak > out against perceived injustice. Instead, they expressed a profoundly > distorted view of this country - a view that sees white racism as > endemic, and that elevates what is wrong with America above all > that we > know is right with America; a view that sees the conf ...

Document Size:	5343
Author:	Doug Henwood
Date:	Tue Mar 18 11:56:23 PDT 2008

7518 [lbo-talk] Jeremiah Wright or Wrong? -- rank: 1000

On Mar 18, 2008, at 2:04 PM, Jerry Monaco wrote: > I wish somebody would explain to me the outrage over what Jeremiah > Wright > has said in his sermons. C'mon, you live in the USA. You know you cannot say things like "god damn America" or talk about racism in any but the most anodyne terms or suggest in any way at all that U.S. foreign policy had anything to do with 9/11 without facing a shitstorm of criticism followed by total social ostracism. I can't believe you have t ...

Document Size:	5081
Author:	Doug Henwood
Date:	Tue Mar 18 11:49:57 PDT 2008

7519 [lbo-talk] populist eruptions -- rank: 1000

On Mar 18, 2008, at 11:36 AM, Andy F wrote: > What's preventing that now? Aside from starting capital? Exactly that.

Document Size:	4571
Author:	Doug Henwood
Date:	Tue Mar 18 09:00:06 PDT 2008

7520 [lbo-talk] Glen Ford replies -- rank: 1000

[I asked Glen Ford to comment on Michael Pollak's question - why Obama is any different than the other hack Dems that black people have supported in huge numbers for decades. Here's his answer.] Because he is Black. A Black man with a real chance to win! Such a man has a ready-made place in the imagination of every African American on the planet. His actual qualities are the products of our imaginations, nothing more, nothing less. People who ask that question - almost always white people - ca ...

Document Size:	5944
Author:	Doug Henwood
Date:	Tue Mar 18 08:02:21 PDT 2008

7521 [lbo-talk] doing anything -- rank: 1000

[from Mike Allen's Politico Playbook - who's in politics not to win? and wouldn't that be a desirable quality in a nominee? I don't get this argument] CRIBBAGE - Obama's chief strategist, David Axelrod, unloads on the Clinton campaign to Politico's ROGER SIMON: 'They would do anything to win, and that means anything. ... There is a frenetic energy around them to commandeer this election in any way they can. ... She is the ultimate Washington inside player. She is always asking, 'How do we ...

Document Size:	5263
Author:	Doug Henwood
Date:	Tue Mar 18 07:47:17 PDT 2008

7522 [lbo-talk] Obama: vain entitled narcissistic prick -- rank: 1000

On Mar 18, 2008, at 9:22 AM, Michael McIntyre wrote: > I'm on board with BAR's analysis of Barack Obama, but this column by > Fournier is beyond the pale. Fournier's a hack. I forwarded it mainly because I wanted to hang the subject heading onto something.

Document Size:	4864
Author:	Doug Henwood
Date:	Tue Mar 18 07:36:18 PDT 2008

7523 [lbo-talk] Subprime Pritzker pure gold for Obama -- rank: 1000

On Mar 18, 2008, at 10:06 AM, Carrol Cox wrote: > Please > note: votes and or campaign activities of leftists will have no more > effect on the outcome than do the wishes of Chicago Cubs fans as > expressed in 7th-inning cheers. From a left perspective this is > merely a > sporting contest, which they cannot affect. I'm never one to exaggerate the influence of The Left, whatever that is, but you go too far in the other direction. A lot of people who are active in local Dem po ...

Document Size:	5375
Author:	Doug Henwood
Date:	Tue Mar 18 07:35:16 PDT 2008

7524 [lbo-talk] Subprime Pritzker pure gold for Obama -- rank: 1000

On Mar 18, 2008, at 9:06 AM, Dwayne Monroe wrote: > This is very dismissive of the arguments black activists such as Glen > Ford have put forward re: Sen. Obama. Yeah. Glen is a very smart and serious guy. He's not some hack, Woj. Doug

Document Size:	4893
Author:	Doug Henwood
Date:	Tue Mar 18 06:20:33 PDT 2008

7525 [lbo-talk] W: the recession president -- rank: 1000

Since the U.S. economy is almost certainly in recession now, that means that Bush is the first pres since Eisenhower to preside over two downturns. Eisenhower had three: 1953-54, 1957-58, 1960-61, a total of ten quarters, almost a third of his time in office. Ah, the golden age. Doug

Document Size:	4793
Author:	Doug Henwood
Date:	Tue Mar 18 05:40:10 PDT 2008

7526 [lbo-talk] populist eruptions -- rank: 1000

On Mar 17, 2008, at 6:11 PM, Shane Taylor wrote: > Agreed, but what populist eruption would you like to > see? What wouldn't be premature? We're going to spend public money on this (the Fed's actions so far aren't really expenditures in that sense, though they do put its balance sheet at risk). So we should get something in return - a better-regulated, more equitable financial system, with new experimental institutions, like nonprofit and cooperative banks. And on the other end, new ...

Document Size:	5070
Author:	Doug Henwood
Date:	Tue Mar 18 05:30:01 PDT 2008

7527 [lbo-talk] Krugman comment on the Swedish solution -- rank: 1000

Yeah. It's inevitable, spending that sort of cash. - Doug On Mar 18, 2008, at 6:24 AM, Michael Pollak wrote: > > [From his NYT blog] > > http://krugman.blogs.nytimes.com/2008/03/17/forbidden-swedes/ > > March 17, 2008, 3:43 pm > > Forbidden Swedes? > > Justin Fox suggests that we learn from the way Sweden dealt > with its > financial crisis at the beginning of the 90s. I'm looking into it. > > What Justin doesn't mention, how ...

Document Size:	5947
Author:	Doug Henwood
Date:	Tue Mar 18 04:55:40 PDT 2008

7528 [lbo-talk] Weird statement at The Nation's website -- rank: 1000

On Mar 17, 2008, at 10:24 PM, B. wrote: > Dailykos, Digby, Pandagon, Atrios -- I'm talking about > them. None of these blogs are writing much about this; > instead it's all "Here's Reason #253 Hillary is a > vicious hypocrite and needs to stand aside for > Inevitable Destiny Man" or "Reason #234 the GOP are > hypocrites for attacking Spitzer." There is no sense > of outrage or ferment over the bail out/subprime > situation. Of course not. They're liber ...

Document Size:	5324
Author:	Doug Henwood
Date:	Mon Mar 17 20:30:44 PDT 2008

7529 [lbo-talk] Rupe screws his 99-year-old mother out of A$273m -- rank: 1000

<http://business.smh.com.au/murdoch-leaves-mother-up-tax-creek/ 20080306-1xmv.html> Murdoch leaves mother up tax creek March 6, 2008 RUPERT MURDOCH short-changed his now 99-year-old mother, Elisabeth, to the tune of $273 million, and in his attempts to make it up to her left her with a tax bill that has grown to as much as $70 million. Lawyers for Dame Elisabeth yesterday appeared in the Federal Court to appeal against the assessment ordering her to pay tax on an $85 million payout fro ...

Document Size:	7528
Author:	Doug Henwood
Date:	Mon Mar 17 18:16:34 PDT 2008

7530 [lbo-talk] a poem -- rank: 1000

[by WH Auden] <http://nymag.com/daily/entertainment/2008/03/ how_dirty_is_that_auden_poem_t.html#more> How Dirty Is That Auden Poem That Was Too Dirty for the Times Book Review ? The highlight of this weekend's New York Times Book Review is Dan Chiasson's highly entertaining review of The Best American Erotic Poems, a new anthology of humpy verse edited by David Lehman. After calling John Updike's "Fellatio" "perhaps the worst poem ever written on any subject," Ch ...

Document Size:	13875
Author:	Doug Henwood
Date:	Mon Mar 17 18:08:45 PDT 2008