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You do realise that giving money to rich people to bail them out of their epic mistakes isn't actually Keynesianism?

It's nice that people are at least talking about a change, kind of, more or less, but Keynesianism isn't necessarily a 21st century kind of an answer.

And so far we haven't seen much of a move to practical Keynesianism anyway - more the usual corporate welfare, leveraged by guile, panic, and threats of extortion.

by ThatBritGuy (thatbritguy (at) googlemail.com) on Mon Jan 5th, 2009 at 07:05:00 AM EST
[ Parent ]
more the usual corporate welfare, leveraged by guile, panic, and threats of extortion.

This is the Bush administration we're talking about, so who should be surprised?

If you haven't read it yet, I strenously recomend the long article in todays Salon de News on the bungled American handling of the financial crisis, primarily because they didn't try to handle it as much as just protect the crass class interests of their backers.

Peak oil is not an energy crisis. It is a liquid fuel crisis.

by Starvid (arvid.hallen at gmail.com) on Mon Jan 5th, 2009 at 07:16:16 AM EST
[ Parent ]
This is the Bush administration we're talking about...

Not just.

by ThatBritGuy (thatbritguy (at) googlemail.com) on Mon Jan 5th, 2009 at 11:06:41 AM EST
[ Parent ]

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