On Wednesday, October 1, 2008 at 16:37:40 (-0400) Shane Mage writes: > >On Oct 1, 2008, at 3:25 PM, Bill Lear wrote: > >> On Wednesday, October 1, 2008 at 13:32:07 (-0400) Shane Mage writes: >>> >>> How odd that Doug Henwood parrots the Bush-Bernanke-Paulson-Obama >>> hysteria about how a huge giveaway to finance capital is needed to >>> avert a "depression"--when a depression is inevitable, and will be >>> much worse (maybe a little later) as a result of this vast >>> inflationary credit expansion. >> >> ...Even the criminal idiots who are running our country are right >> some of the time... > >About trivial things, no doubt, they are right some of the time >(nobody is perfect). But anyone who believes what they say about >anything important to their self-perceived financial, political, or >ideological interests is going to be wrong all the time.
Except when those interests more-or-less coincide with those running the show. The wealthy and the poor, and those in-between, all have an interest in ensuring we do not see a total collapse of the economy. I believe we need to inject funds into the market, as the Bush Monkeys say, but I don't believe that they are doing it in a way that will help as much as they claim (as Baker points out). To agree with them that there is a need for new funds is not to stake a position that you can easily say is wrong now, let alone "all the time". Bill _______________________________________________ pen-l mailing list [email protected] https://lists.csuchico.edu/mailman/listinfo/pen-l
