On Sun, 24 Jan 2010 12:46:36 -0700, Canuck57
wrote:

On 23/01/2010 3:32 PM, bpuharic wrote:
with the collapse of the economy, at the most recent american economic
assoc. meeting, the idea that markets are 'rational' as proposed by
the right wing 'chicago school' has also collapsed.

http://www.newsweek.com/id/232111

so much for right wing kool aid as served by rush limbaugh

One thing all these economists seem to have in common is the fantasy
that somehow the market does not correct itself. It efficiently
corrects itself in real time ever time. It waits for no bureocrat or
politician to wipe his ass. It looks right past politicial bull****.

ROFLMAO!!! a banana republic market corrects itself too!! is this what
the right wants for america? the rich own everything and there's no
middle class?

the issue is not whether the market 'corrects' itself but whether we
understand the market well enough to avoid collapse

THAT is the question. and the moron just bleats what he's told by
rush: 'as long as the RICH are fine, the middle class doesn't matter'

so he advocates programs that would drive unemplyment to 25%. as long
as the rich are protected

he advocates having the middle class work until we die. as long as the
rich are protected

he advocates no health insurance for the middle class. as long as the
rich are protected.



The correct statement would be:

"The market isn't going to do what a pandering liberal-debtor wants on
hyperbole and cheap fast street jive talk. It looks reality straight on
and adjusts accordingly."

yeah. and under bush, the middle class had NO pay increase in 10 years
while in 1 year the richest 1% saw an income increase of 30%.

thats what he calls a 'correction'. the middle class gets destroyed
and the rich are doing fine

under the right wing