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September 30, 2008


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JJ Commoner

I think he's right.

History's Actors On Stage

"It's not based on any particular data point," a Treasury spokeswoman told Forbes.com Tuesday. "We just wanted to choose a really large number."

ikorush sikorsky

The problem with this is that Kucinich's descriptive genius, the uncanny knack with which he is able to pull the blinders from our eyes, and in plain language, shockingly assert that "something about capitalism stinks," is then followed by an stunning prescriptive lapse, in which he advocates abolishing the Federal Reserve as we currently know it. He's an advocate of full reserve banking, which has adherents only among hard money crackpots (of course, there may be some sympathy in this region for hard money crackpots, based on previous posts).

When it comes to a collapse of the banking/credit/stock system, I don't really have a dog in that race, so I can only speak as a disinterested observer, but given the choice between Wall Street's Plan A and Kooky Kucinich's Plan B, I say go with plan A!


I am grateful for his diagnosis. The prescription is beyond us all, it seems.

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