[lbo-talk] Dodd bill

Jenny Brown jbrown72073 at cs.com
Thu Sep 25 13:27:30 PDT 2008


On Sep 24, 2008, at 8:39 PM, Jenny Brown wrote:


> > Apparently one can do worse to encourage ownership fetishism:
> >
> >"Representative Dennis Kucinich (D-Ohio), spoke out against a
> > bailout, calling the current proposal "cash for trash," and
> > proposing a distribution of the assets back to the taxpayers.
> > "Since the bailout will cost each and every American about $2,300,
> > tomorrow I will offer legislation to create a United States Mutual
> > Trust Fund, which will take control of $700 billion in stock assets,
> > at market value and not higher, convert those assets to shares, and
> > distribute $2,300 worth of shares to new individual savings accounts
> in the name of each and every American," Kucinich said in a statement.

Doug: Means of production not equal to houses.

^^^^^ CB: K is not making a socialist proposal ?

JB: I think that was Doug's point, that it is a socialist proposal (as opposed to paying into housing debt in various ways). I'm not sure what K means by individual savings accounts, but it seems to me he's doing good till he gets to that.

By the time of the presidential debate tomorrow our brave candidates will be in total agreement on whatever got hammered out today, I suspect.

Jenny Brown



More information about the lbo-talk mailing list