Greetings Economists,
On Oct 1, 2008, at 1:17 PM, Doug Henwood wrote:
Wow. What a penetrating fragment of a pseudo-analysis.
Doyle;
You aren't providing analysis either. I can go to the NY Times and
read more about what a credit crunch does than your vague comments
amount to. What I see on a large scale is a left opposition combined
with the right stopped the bailout, and the strong arming to get the
bailout passed anyway because the right wing in the house caves in to
the bailout.
It is painfully obvious you can't say what the time frame is for the
collapse. So no one can judge when is too late or not. Hence we have
plenty of time for a variety of reasons to argue for whatever our
sides says.
Whatever happens in any case is not our responsibility. But we have
some serious solidarity to build which does not include demanding
support for right wing economic solutions. Did they remove the mark
to market provisions? I don't care what the capitalists feel they
have to do. I'm not for pulling the system down either. That is just
your alternative not mine.
If it takes waiting a month to protect the working class that's fine
by me.
thanks,
Doyle Saylor
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