[lbo-talk] House rejects bailout

sawicky at verizon.net sawicky at verizon.net
Mon Sep 29 13:14:59 PDT 2008


The left has gotten a lot of encouragement from some pretty considerable

brains -- Galbraith, Dean Baker, Stiglitz -- to reject the deal.  Naturally views

on alternatives differ.


> ----- Original Message -----
> From: Doug Henwood
> Sent: 09/29/08 03:16 pm
> To: lbo-talk at lbo-talk.org
> Subject: Re: [lbo-talk] House rejects bailout
>
>
> On Sep 29, 2008, at 2:49 PM, C. G. Estabrook wrote:
>
> > How long did you pause before accepting the Eliotian cliche, "The
> > last temptation is the greatest treason: to do the right deed for
> > the wrong reason"?
>
> I hadn't realized that that was a cliche - I can't imagine that one in
> ten thousand would recognize it. That aside, they did it out of
> ideological consistency - government bad, markets good. The left,
> which presumably doesn't share that worldview, is operating out of
> what? Some emotional and braindead anti-elitism.
>
> Doug
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> http://mailman.lbo-talk.org/mailman/listinfo/lbo-talk
>



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