pahunkboy
Posts: 33061
Joined: 2/26/2006
From: Central Pennsylvania
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quote:
ORIGINAL: SternSkipper
quote:
Final thought - the guy is 62 years old, so I have to wonder if he was under the influence of Viagra at the time. Maybe he was expecting a hooker who never showed?
Must've been good viagra... left him spry enough to very quickly blow town as he was fleeing the scene of the crime on an air france jet when the picked him up. And the fact that the head of one of the largest financial institutions on the planet just (oops) leaves his cell phones.
Sad as it is some woman who probably got hired in part for her looks to attend to of $3000.00 A NIGHT suite, she apparently did exactly the right things after the crime and it landed in the hands of a Judge who GOT how egregious his actions before and after the fact were and made sure he didn't get the diamond studded ankle bracelet, only stopping short of bunking him up with the brothers at Riker's Island
What I find MOST interesting is how little difference the principals of neolibralism are to the Republican Presidential Platforms of the last two decades. in terms of economic policy, it's almost word for word. But then, why wouldn't it? The architects of this swan song in terms of US policy were good old Phil Gramm, Jim Leach, and Tom Bliley, which somehow always gets translated when the results of this treason are not going well in the media, to blame a president just out of a BS impeachment proceeding and still living under the threat of criminal prosecution. Namely Bill Clinton. To be perfectly honest, signing the Financial Services Modernization Act of 1999. would have been the least of this country's worries if they treated me like that. 
Print this out and keep it on ya whenever a presidential candidate gets up to speak folks:
Fiscal policy Governments should not run large deficits that have to be paid back by future citizens, and such deficits can only have a short term effect on the level of employment in the economy. Constant deficits will lead to higher inflation and lower productivity, and should be avoided. Deficits should only be used for occasional stabilization purposes.
Redirection of public spending from subsidies (especially what neoliberals call "indiscriminate subsidies") and other spending neoliberals deem wasteful toward broad-based provision of key pro-growth, pro-poor services like primary education, primary health care and infrastructure investment
Tax reform– broadening the tax base and adopting moderate marginal tax rates to encourage innovation and efficiency;
Interest rates that are market determined and positive (but moderate) in real terms;
Floating exchange rates;
Trade liberalization – liberalization of imports, with particular emphasis on elimination of quantitative restrictions (licensing, etc.); any trade protection to be provided by law and relatively uniform tariffs; thus encouraging competition and long term growth
Liberalization of the "capital account" of the balance of payments, that is, allowing people the opportunity to invest funds overseas and allowing foreign funds to be invested in the home country
Privatization of state enterprises; Promoting market provision of goods and services which the government cannot provide as effectively or efficiently, such as telecommunications, where having many service providers promotes choice and competition.
Deregulation – abolition of regulations that impede market entry or restrict competition, except for those justified on safety, environmental and consumer protection grounds, and prudent oversight of financial institutions;
Legal security for property rights; and,...
Financialisation of capital.
Thank you for a timely and cogent post.
The IMF is not our friend. Not even close.
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RE: IMF Chief Arrested On Rape Charges - 
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