to all goo goo nationalizers

caveat emptor umptor imptor

private equity monsters never die
they scatter and hiberate

vide the socialist camp

and when they re-emerge
they often aren't in a mood
to act
like
ike era org men

my answer comes from a lot earlier
and a little further east then sweden

it was called the nep
and the core
was a state "owned and operated"
commanding heights strategy
we had a de facto version
---as i never tire of noticing here--
during world war two

the sell for such an nep
to regular americans
must be "framed "
by a clear picture of the alternatives
as
pragmatically based ... as faster cheaper and mor equalitarian ....
stocked full of periodic public popular re appraisals ...
and ultimately missioned
thru
democratically constructed goals

Posted by: paine | Link to comment | October 01, 2008 at 09:51 AM

paine says...
paulson's original yuka mountain plan
for all the toxic securities out there
ie
putting all that bad shit in a one off gubmint fund
is correct
but it should be executed after the feds take over an corporation
and re-make it into
a public institution or combine it with a public institution

the first steps would look much like
the one by one federal interventions
prior to plan paulson
but would be missioned as long term not fast turn around re privatized operations
like littl sweden was forced to pull

we are big enough
for a long haul
uncle owns the commanding heights strategy

we are the hegemon
we can have nep in one nation
even if sweden couldn't

Posted by: paine | Link to comment | October 01, 2008 at 10:02 AM

anne says...
Paine, I can easily agree and when there is time make this clearer since the idea is worthwhile even as an exercise.

Posted by: anne | Link to comment | October 01, 2008 at 10:02 AM

paine says...
btw

my suggestions are toward possible road ahead

feasible but prolly politically impossible
given organizational control of both parties
by pro wall street elements

then again the house rebellion shows surprises
are not impossible
and the ignorant but in its gut "correct "
public mob
still might force a far closer cousin
to the nationalization plan into the relm of
not only the possible
but maybe even the necessary

mr corporate capital hiding out disgised as lady socialism

other "asset-dependent parts of the population"
besides retirees???

lace curtain widows and orphans ???

" Given the choice between approving or defeating the bill as it stands, I would urge supporting the bill "

jaimie you you...you ... three hankee type

"bail em ...be damned"

the people rise in anger
ready to take the full consequences

i mean really
are they in for anything else anyway ???

Posted by: paine | Link to comment | September 30, 2008 at 08:34 PM

paine says...
bw
jaimie must figure like this
700 bills in t debt at what 5%

35 bills per annum
the 700 buys crud but the crud yields somethin eh ???
cash flow wise

okay so we got
the reserves uncle sets up
agin the loses down the thirty year road
but shit man
they're just paper work
I go for grab it now and give it back later "

indeed indeed total agreement

and to think
the mind of robby wonderman
is hardly my cup of green tea

Posted by: paine | Link to comment | September 30, 2008 at 07:53 PM

paine says...
claw forward not back gang
claw forward ever forward

soak the silk hat dancers now
we got em on the run

god bless the cap gain geese
and the rabid repub race
for popular cover

the crowd roars ..at last

maybe this time
we can strike at the rich
not the wet backs

Posted by: paine | Link to comment | September 30, 2008 at 07:58 PM

paine says...
"the Paulson Plan will only postpone the economic meltdown a few months, or, at most, a couple of years"

from whence cometh
these high octane end time visions of your's bruce ???

the lot bubble ain't hardly enough

and looting is the great american past time

what so raises your hackles this time ??
i have my reasons
what are yours ??

Posted by: paine | Link to comment | September 30, 2008 at 08:05 PM

paine says...
Spot onSpot onSpot Spot onoSpSpot onot onnSpot Spot onon

Posted by: paine | Link to comment | September 30, 2008 at 08:10 PM

paine says...
hey you wizards
just what range does the necessary equity refill fall into

300 bills ???? a trillion ????

the over pay by uncle was to be the gain to private equity under the paulson plan eh ???

so what was the estimate

all this talk bout an equity refill
i want to be spoon fed
dah numbizz

Posted by: paine | Link to comment | September 30, 2008 at 08:20 PM

paine says...
"a lit-tle allegerry gah-oooz a long way ..."hiccup

"Would you allow your child's execution to convict the guilty guy?"

horse shit analogy

i believe what is a stake here for us weebles
is real enough
but hardly worse then
the slow grinder the street will put us thru
if we revive em now
and hand the control of credit back to them

beter we take the hit today and for a better world tomorrow

we oughta think about
going o over to an uncle centered
by pass of the old hi fi system

ie
a direct to the real economy federal credit/default insurance
type system
backed by full employment macro
and a legion of regulators
anne think of uncle like the borg
that hit the federation in star trek 13.017
--if that geeky reference makes sense to you---

uncle does not actually by pass
but absorbs wires up as one big entity
all the captured hi fi outfits

a lot of the substantive difference is really the expectations this pattern sets

my thought play it as if its day by day
even if its really for long term

imagine if a core group of evil new dealers
secretly intended to make the entire state driven
state regulated production structure
implemented during the arsenal days immortal
by de facto morphing into de jure
step by step

"Let the banton be passed to a new generation of American Capitalist thinkers and doers"

i suggest we let uncle take the banton and keep it

we've learned alot about
the workings of actual market economics
since 1921 or 1932 or 1958 for that matter

lets try a smart market approach to four year plans
combine vickrey with lerner
stiglitz with mirrlees

Posted by: paine | Link to comment | October 01, 2008 at 10:30 AM

paine says...
"guillotines work. Nationalization is a good guillotine"

see your home grown stuff bruce
is better then your borrowings

'banana republic with nukes '
is an ignorant fraud of a jape

if the spontaneous workings of the system
produce players --plutocrats ---
that can effectively
operate about the rules of the game

then enforcement of the rules
on the rest of the players
is part of the injustice
an injustice
built right into the system

as we prepare to rescue these tottering titans
this pack of vamphires
ought we not pause to reflect
recall what they are now and what they once were

examine their flacks claims

are they necessary ???

b4 we pull out
the stakes they buried in each others hearts

maybe we oughta consider letting em expire
by passing their web works of comand and control
run the show for a while thru uncle's direct
and costless powers of credit ceation
refocus our social funds on direct real resource mobilizatin
real economic revival
not paper tower resurrections

pick a grand productive goal for the whole nation

like FDR's the arsenal of democracy
after war began again
in europe

the choice is equally obvious today
in a time of brown out crisis

build a giant green house of production