[lbo-talk] CP runs a Ron Paul endorsement...

Doug Henwood dhenwood at panix.com
Fri Nov 9 11:56:37 PST 2007


...from the heavy-breathing Mike Whitney:

<http://www.counterpunch.org/whitney11092007.html>


> Paul's "purely" grassroots movement is energized by working class
> Americans who see his candidacy as a last-ditch effort to end the
> war in Iraq, reestablish fiscal sanity, and restore civil liberties.

"Fiscal sanity"? Yeah, he's good on the war, but the guy is a pro- life goldbug.

<http://www.house.gov/paul/tst/tst2007/tst082007.htm>


> The truth is that business involves risk, and businesses that
> miscalculate risk should be liquidated, so their assets can be
> reallocated to businesses that correctly judge risk and make
> profits. Instead, the Fed has injected $64 billion into the jittery
> markets, effectively amounting to a bailout that keeps these
> malinvestments afloat, but eventually they will become the undoing
> of our economy.

At least the mystery of Whitney's heavy breathing has been solved: if only things were like back in the 19th century! Except for all the panics and depressions.

Doug



More information about the lbo-talk mailing list