CeJ jannuzi
CB:>>Just a general observation on Obama and the Obama administration
doing things: Notice that a President has to get Congress to pass
stuff to do any major move, and that there are enough rightwing Dems
>>CB: How are the big bourgeoisie making their money , as I assume they
are ? I guess a minority of stocks and bonds could be doing well,
while the majority suck. Or maybe I just don't understand that the
real money is made in uhhh hedge funds and exotic financial
instruments that aren't stocks a
CB:>>Just a general observation on Obama and the Obama administration
doing things: Notice that a President has to get Congress to pass
stuff to do any major move, and that there are enough rightwing Dems
to thwart any major progressive moves. I know the left Obama
skeptics/haters love to ignore
CeJ jannuzi
The Obama administration ought to give each household 1000 dollars and
cut the military budgets by 500 billion dollars, starting NOW. That
would do it. Of course, there would be a mlitary coup in answer to it
(most likely with ironmaiden Clinton taking charge of things with Gen.
Gat
CJ:But bond investing look troubled and might I point out that overall if
you hold stocks you haven't seen any overall gain
since 2000. In fact, if you take a 15 year view of stocks and bonds,
they both suck.
^^^
CB: How are the big bourgeoisie making their money , as I assume they
are ? I gu
Finally, hey it's almost time to organize to get Obama re-elected. I
know what he can run on: Don't let all our good work go unfinished.
CJ
^^^
CB: And don't forget : Palin is a fascist. ( no smiley face; pace
Trotskyists' analysis)
___
Marxism-Tha
CeJ jannuzi
I would say HH and FDR were birds of a capitalist feather. FDR ran on
a campaign that criticized Hoover for his profligate spending, the
result of budget
increases that resulted in high deficits (at least up until that
time), and his tax increases. In practice, both HH and FDR pursue
Does anyone here remember in the waning months of the Bushwa's last
term how they sent out everyone
a 300 dollar check for 'economic relief'? I think you got one if you
filed your federal income tax returns properly. It wasn't in any way a
tax refund (although I also remember Bush was a big tax cut
JF:
>>Charles [B] is right about that.
Obama's policies more closely
resemble those followed by
Herbert Hoover rather than
those followed by FDR. An
unabashed Keynesian would
criticize Obama for not directing
enough of his spending to lower
income people, who, according
to Keynes, would have a high
> > In their view, the class interersts
> > of capital militate against this
> > happening over the long term.
> >
> > Having said that it must be admitted
> > that the Keynesian influence on Sweezy
> > has always been a bone of contention
> > for
of
> his targets. Marc Linder et al.
> in their book "Anti-Samuelson,"
> while primarily (as the title
> suggests) targeting Paul Samuelson's
> brand of Keynesianism, also took
> time out to critique Sweezy
> precisely for his Keynesianism.
> And more recently, J
rote a critique
> of Keynesianism, in which Sweezy,
> was at least by implication, one of
> his targets. Marc Linder et al.
> in their book "Anti-Samuelson,"
> while primarily (as the title
> suggests) targeting Paul Samuelson's
> brand of Keynesianism, also took
>
ezy
precisely for his Keynesianism.
And more recently, James Heartfield
has simiarly criticized Sweezy
Jim Farmelant
-- Original Message ----------
From: "Paddy Hackett"
To:
Subject: [Marxism-Thaxis] The SWP and underconsumptionism
Date: Wed, 18 Nov 2009 09:50:38 -
"My
;
To:
Subject: [Marxism-Thaxis] The SWP and underconsumptionism
Date: Wed, 18 Nov 2009 09:50:38 -
In an economic crash when profitability has falling artificially increasing
demand cannot solve the problem. Printing more paper money as a means of
increasing consumer demand abjectly under dow
On 11/18/09,
-clip-
> And more recently, James Heartfield
> has simiarly criticized Sweezy
>
> Jim Farmelant
^^^
CB: James H. and I argued about this point of "underconsumptionism"
here on Thaxis in about 1999 or so.
___
Marxism-Thaxis mailing list
----
From: "Paddy Hackett"
To:
Subject: [Marxism-Thaxis] The SWP and underconsumptionism
Date: Wed, 18 Nov 2009 09:50:38 -
"Myth 2: But the government has to borrow over ?20 billion and so cutbacks
are necessary. If we don't take the 'hard medicine' now, it wil
"Myth 2: But the government has to borrow over ?20 billion and so cutbacks
are necessary. If we don't take the 'hard medicine' now, it will be worse
later.
The huge government deficit is a symptom but not the cause of the crisis.
Before 2007, for example, there was no deficit as government revenu
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