Re: [Pen-l] The battle for Obama's economic soul

["Jim Devine" <jdevine03@xxxxxxxxx>]

Doug's LBO excesses?

On Wed, Oct 22, 2008 at 4:58 PM, raghu <mraghu01@xxxxxxxxx> wrote:
> On Wed, Oct 22, 2008 at 3:31 PM, Jim Devine <jdevine03@xxxxxxxxx> wrote:
>> No-one says that Volcker is "pure evil." I don't get this practice of
>> arguing against proposition X by saying that X isn't _completely true_
>> as if that says that X is totally wrong. Doug criticizes Volcker for
>> being a Field Marshall of finance capital and someone says "well, he
>> can't be all bad." (He loves dogs and children after all!)
>
> Volcker can and does say a lot of things that make perfect sense. As I
> recall he warned against the LBO excesses of the 1980's, and more
> recently against the housing bubble well before it burst. Volcker's
> ideas obviously are not much aligned with mine, but that doesn't mean
> I can't agree with *some* of the things he says.
> -raghu.
>
> --
> "I busted a mirror and got seven years bad luck, but my lawyer says he
> can get me five."
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-- 
Jim Devine /  "Nobody told me there'd be days like these / Strange
days indeed -- most peculiar, mama." -- JL.
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