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9316 [lbo-talk] "Dr" Greenspan -- rank: 1000

[looks like Greenspan is about as much a Dr as is Gary Null...] Barron's - March 31, 2008 <http://online.barrons.com/article/SB120675340444773623.html Dr. Greenspan's Amazing Invisible Thesis By JIM MCTAGUE IN ALL LIKELIHOOD, ALAN GREENSPAN has more honorary Ph.D.s than any living economist, which is no mean feat -- regardless of the chortling chorus of critics who suggest he played midwife to the first great economic crisis of the 21st century and thus is overly lionized as a financial g ...

Document Size:	10861
Author:	Doug Henwood
Date:	Fri Apr 4 13:48:24 PDT 2008

9317 [lbo-talk] Fwd: Dr. Ron Paul Endorses The John Birch Society -- rank: 1000

FOR IMMEDIATE RELEASE Contact Bill Hahn, Public Relations Manager 920-225-5606, bhahn at jbs.org Congressman Ron Paul endorses The John Birch Society; congratulates Society in its 50th year APPLETON, WIS. April 4, 2008 Congressman Ron Paul has endorsed The John Birch Society in a statement received from his office this week. His statement also congratulates the Society on being a great patriotic organization now in its 50th year. John McManus, president of JBS, responded, We gracious ...

Document Size:	7996
Author:	Doug Henwood
Date:	Fri Apr 4 13:12:40 PDT 2008

9318 [lbo-talk] A new old Cold War? -- rank: 1000

On Apr 4, 2008, at 1:48 PM, Robert Wrubel wrote: > The idea of expanding NATO eastward originated with Lockheed Martin > and that ilk, looking for new markets for arms sales, according to > Helen Caldicott (The New Nuclear Danger.) How does she know?

Document Size:	4756
Author:	Doug Henwood
Date:	Fri Apr 4 12:13:20 PDT 2008

9319 [lbo-talk] socialism -- rank: 1000

[comment delivered at yesterday's Congressional hearings featuring Bernanke, NY Fed pres Tim Geithner, and JPMorgan chair Jamie Dimon] ``I want to hear from our witnesses why they thought it was necessary to stop the invisible hand of the market from delivering discipline,'' said Senator Jim Bunning, a Kentucky Republican. ``That is socialism.''

Document Size:	4773
Author:	Doug Henwood
Date:	Fri Apr 4 06:46:02 PDT 2008

9320 [lbo-talk] EU opens Northern Rock investigation -- rank: 1000

On Apr 3, 2008, at 1:38 PM, Sean Andrews wrote: > So what would be involved in creating these new institutions? I do mean to do some work on that but I really doubt there's any popular support for moving away from conventional homeownership. Most Americans just want to go back to borrowing big and watching house prices rise. It is a lust I don't feel at all, but that's not the only way in which I'm alienated from my fellow citizens.

Document Size:	5071
Author:	Doug Henwood
Date:	Thu Apr 3 11:02:15 PDT 2008

9321 [lbo-talk] EU opens Northern Rock investigation -- rank: 1000

On Apr 3, 2008, at 12:57 PM, Sean Andrews wrote: > I think the private dominatrix sessions would be a start No, they'd enjoy it too much. Did you see that item I posted the other day in which the dominatrix said that "finance guys love something in their ass"?

Document Size:	4905
Author:	Doug Henwood
Date:	Thu Apr 3 10:40:04 PDT 2008

9322 [lbo-talk] EU opens Northern Rock investigation -- rank: 1000

On Apr 3, 2008, at 12:10 PM, Sean Andrews wrote: > This seems to be another such moment and I think people are looking to > you to say something that we aren't already hearing on the evening > news--especially since I, for one, have been listening carefully to > you for several years predicting just this outcome Well I said this not all that long ago: <http://www.leftbusinessobserver.com/Turmoil2.html> Since the expenditure of public funds is probably inevitable, it would be v ...

Document Size:	6191
Author:	Doug Henwood
Date:	Thu Apr 3 09:47:11 PDT 2008

9323 [lbo-talk] Sawicky's Math (was Re: Obama on poverty:straightDLC= -- rank: 1000

On Apr 3, 2008, at 11:24 AM, sawicky at verizon.net wrote: > without doing much for > capital formation, insofar as workers choose not to save more. Huh? Capital formation comes out of workers' savings?

Document Size:	5093
Author:	Doug Henwood
Date:	Thu Apr 3 08:37:33 PDT 2008

9324 [lbo-talk] How it should be done -- rank: 1000

On Apr 3, 2008, at 11:11 AM, Seth Ackerman wrote: > If the powers that be desperately want a bailout quickly and have > to go anxiously hat in hand to Congress to get one, the proper > attitude > is to yell about the hypocrisy of bailouts for bankers and > austerity for > workers. Sure, that's fine with me - I've even done it myself. And I've said there absolutely must be serious re-regulation so this doesn't happen again. But I haven't heard Dean really concede the need for ...

Document Size:	5174
Author:	Doug Henwood
Date:	Thu Apr 3 08:29:50 PDT 2008

9325 [lbo-talk] Sawicky's Math (was Re: Obama on poverty: straightDLC= -- rank: 1000

On Apr 3, 2008, at 9:52 AM, Jordan Hayes wrote: > If Social Security isn't "targeted" (last I checked, your benefits > were > tied to how much you paid into the system over the years) With a higher replacement rate for low-wage workers than high-wage ones. > and EITC > isn't, then I'll be needing a new dictionary, because AFAICT EITC is > "targeted" like a shotgun in an outhouse with the door closed. Targeted = only for those below a certain income. Universa ...

Document Size:	5418
Author:	Doug Henwood
Date:	Thu Apr 3 08:10:49 PDT 2008

9326 [lbo-talk] How it should be done -- rank: 1000

On Apr 3, 2008, at 6:55 AM, Seth Ackerman quoted Dean Baker: > Now Congress is jumping into the act. Remember way back in the fall > when > they couldn t find $7 billion to expand the State Children s Health > Insurance Program? Well, now Congress can finds hundreds of > billions of > dollars to support a housing bubble. It s a worthy goal. After all, > the > Wall Street crew might lose their shirts if the housing bubble > continues > to deflate. Maybet Dean is tryi ...

Document Size:	5815
Author:	Doug Henwood
Date:	Thu Apr 3 06:12:51 PDT 2008

9327 [lbo-talk] peas in a pod -- rank: 1000

[via Mike Allen] REPUBLICANS ARE JAZZED ABOUT the news from USA Today's A4 that both Democratic presidential candidates 'rely on close advisers who had oversight roles at financial institutions that went bust because of subprime loans. Clinton's campaign manager, Maggie Williams, earned at least $175,000 serving from 2000-07 on the board of Long Island- based Delta Financial, which filed for bankruptcy last year after a history of high-cost loans to low-income borrowers, according to publi ...

Document Size:	5147
Author:	Doug Henwood
Date:	Thu Apr 3 05:38:41 PDT 2008

9328 [lbo-talk] Sawicky's Math (was Re: Obama on poverty: straight DLC= -- rank: 1000

On Apr 3, 2008, at 6:25 AM, Joseph Catron wrote: > Perhaps Doug and others will argue that this is fallacious, and that > ANY public benefit is an indirect subsidy to employers, but until they > mount serous arguments that we should discount ALL public benefits > which might save a boss somewhere the odd buck, in favor of > concessions extracted from those same employers, I'll be hard-pressed > to take them seriously. There's a big political and economic difference between univ ...

Document Size:	6315
Author:	Doug Henwood
Date:	Thu Apr 3 05:19:37 PDT 2008

9329 [lbo-talk] EU opens Northern Rock investigation -- rank: 1000

On Apr 2, 2008, at 7:24 PM, Shane Taylor wrote: > Seth also noted the crucial difference between the > Nordic case and ours, but just how like Japan then is > the US now? We have a lot of financial institutions with a lot of shitty assets on their books. You can't see the future, of course, but the risks of doing nothing are pretty high.

Document Size:	4996
Author:	Doug Henwood
Date:	Wed Apr 2 16:38:04 PDT 2008

9330 [lbo-talk] Obama on poverty: straight DLC -- rank: 1000

On Apr 2, 2008, at 7:46 PM, John Thornton wrote: > It also misdirects the argument away from the point the author of the > article Doug cited makes; namely that Obama's position on poverty > issues, as defined by the author of the article, is the same as > Clinton's. Max doesn't want to hear that so he's got to change the subject.

Document Size:	4953
Author:	Doug Henwood
Date:	Wed Apr 2 16:20:51 PDT 2008