[lbo-talk] WSJ diagnosis

Philip Pilkington pilkingtonphil at gmail.com
Tue Mar 3 18:20:16 PST 2009


On Wed, Mar 4, 2009 at 1:52 AM, C. G. Estabrook <galliher at illinois.edu>wrote:


> "...Congress demands more bank lending even as it assails lenders and
> threatens to let judges rewrite mortgage contracts. The powers in Congress
> -- unrebuked by Mr. Obama -- are ridiculing and punishing the very
> capitalists who are essential to a sustainable recovery. *The result has
> been a capital strike*, and the return of the fear from last year that we
> could face a far deeper downturn. This is no way to nurture a wounded
> economy back to health."
>
> http://online.wsj.com/article/SB123604419092515347.html
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> http://mailman.lbo-talk.org/mailman/listinfo/lbo-talk
>

"As the Dow keeps dropping, the President is running out of people to blame."

As the Dow keeps dropping the journalists are running out of people to blame.



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