[lbo-talk] House rejects bailout

SA s11131978 at gmail.com
Thu Oct 2 12:34:09 PDT 2008


Doug Henwood wrote:
>
> On Oct 1, 2008, at 5:47 PM, SA wrote:
>
>> Doug, your line is so contradictory there must be something besides
>> pure analysis going into it. When it comes to health care reform
>> you're a purist: The Demoplan is a sellout, it won't fix the problem,
>> it should be single-payer or nothing. (I agree.) That's your stance
>> even though, speaking realistically, "we" don't have any real
>> leverage to back up such hard demands on the health care industry.
>
> Bailouts require speed. Health care reform doesn't.
> ___________________________________
>
>

For the record, the three sentences that followed in my post were:


> This would make some sense if it were really true that the world
> financial system is going to collapse next week without a bailout
> inked, but that's nonsense. As long as the markets know that *some*
> bailout will ultimately happen in the relatively near term, they'll
> manage to limp along until it does. In the meantime, the left wing of
> the Democrats would be out of their minds not to milk this unusual
> moment for all the leverage it can generate.

Seth



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