On Oct 1, 2008, at 4:11 PM, Doyle Saylor wrote:

Greetings Economists,
On Oct 1, 2008, at 1:03 PM, Doug Henwood wrote:

Just wait

Doyle;
For what? We have no compulsion to do anything. To support them? The left opposition is right to demand more.

Wow. What a penetrating fragment of a pseudo-analysis.

Look, if there is no recapitalization of the financial system, credit will contract and the economy will enter recession or worse. You can be all huffy and puffy and faux militant if you like, but I don't know how to put it any more clearly than that. Maybe you welcome economic collapse, I dunno.

Doug
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