Comments on Informed Comment: Kaptur: Playing Wall Street Bailout

700 Billion seems to be the magic number:"Congress...

2008-09-29T16:26:00.000-04:00

700 Billion seems to be the magic number:

"Congress has already approved nearly $700 billion in supplemental funding for operations in Iraq and Afghanistan and an additional $126 billion in FY'08 war funding is still pending before the House and Senate."

I find donating that much money to the war industry every bit as obscene as donating it to Wall Street bankers.

ref: cursor.org : “Putting Bush's final act of ‘fe...

2008-09-29T15:27:00.000-04:00

ref: cursor.org : “Putting Bush's final act of ‘fear-mongering’ into context, a Los Angeles Times editorial concludes, "We are witness to the final chapter of a period of perverse and dishonest leadership that has used its own crises to justify the expansion of its own power."”

The current article by Nouriel Roubini in the Guar...

2008-09-29T13:24:00.000-04:00

The current article by Nouriel Roubini in the Guardian cited above by anon contains the kind of analysis I would like to see, but seems largely missing, in US media. There are plenty of models of what to do and what not to do. Why shouldn't the US use the best model?

http://www.guardian.co.uk/commentisfree/2008/sep/29/wallstreet.useconomy

Don't worry. Tensions between the U.S. and Russia...

2008-09-29T12:56:00.000-04:00

Don't worry. Tensions between the U.S. and Russia, Iran and Pakistan are escalating. So when Great Depression II hits, World War III might be just around the corner to get us out of it.

"Capitalists can buy themselves out of any crisis,...

2008-09-29T04:55:00.000-04:00

"Capitalists can buy themselves out of any crisis, so long as they make the workers pay."

Gary Younge in today's Guardian, quoting a certain V. I. Ulyanov