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Old 07-04-2009   #199 (permalink)
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Re: Economics business.The Sub-prime Crisis. How bad is it?

Es I did abit of reserch on him
Why Yank paranoia, Socialism = Communism propaganda in an Australian magazine?
Clearly the Feds. oversight of the Yank financial system is not working.

If the American Indians did not show the Pilgrims how to eat and grow corn they would have all died.

DiLorenzo and the Tobacco Industry

DiLorenzo served as a research fellow at the Independent Institute and the Capital Research Center, two public policy think tanks that have accepted tobacco industry funding.[2] In 1994 the Independent Institute accepted funds from R.J. Reynolds (RJR) specifically to fund anti-tobacco control research by DiLorenzo.[3]
DiLorenzo has co-authored books funded by tobacco companies with James T. Bennett of George Mason University. In 1995, Bennett and DiLorenzo billed RJR $100,000 [4] to produce a book a called Cancerscam: the diversion of federal cancer funds to politics, that attacked health charities for spending what the authors deemed a disproportionate amount of their income on political advocacy.


Thomas DiLorenzo
Economics professor, Loyola College
BALTIMORE, Md.

The earliest apologists for the lost Cause of the South, writing in the first years of the 20th century, described Abraham Lincoln as a good and even great man, sorely misled by evil advisers who pushed a harsh Reconstruction policy. No more.

Thanks to Thomas DiLorenzo and others of his ilk, the 16th president is now viewed in neo-Confederate circles as a paragon of wickedness, a man secretly intent on destroying states' rights and building a massive federal government.

"It was not to end slavery that Lincoln initiated an invasion of the South," DiLorenzo writes in his 2002 attack on Lincoln, The Real Lincoln: A New Look at Abraham Lincoln, His Agenda, and an Unnecessary War. "A war was not necessary to free the slaves, but it was necessary to destroy the most significant check on the powers of the central government: the right of secession."

DiLorenzo is not a historian. With a doctorate from the Virginia Polytechnic Institute, he has been since 1992 an economics professor at Baltimore's Loyola College. And most of his work has not been about history, focusing instead on libertarian and antigovernment themes.

His 10 books include Official Lies: How Washington Misleads Us, and, with writer James T. Bennett, The Food and Drink Police: America's Nannies, Busybodies and Petty Tyrants (attacking organizations such as Mothers Against Drunk Driving) and Unhealthy Charities: Hazardous to Your Health and Wealth and Cancer Scam: Diversion of Federal Cancer Funds to Politics (both of which accuse nonprofits like the American Cancer Society of using public money to fund leftist "political machines").

DiLorenzo is also a senior faculty member of the Ludwig von Mises Institute, a hard-right libertarian foundation in Alabama, and teaches at the League of the South Institute for the Study of Southern Culture and History, a South Carolina school established by the League of the South to teach its unusual views of history (see also Little Men).

SPLCenter.org: The Ideologues


I've also learned from SourceWatch that earlier on, DiLorenzo had worked as an academic hatchet man for Big Tobacco. [2] &nbspWorking with Thomas T. Bennett he assisted in formulating a plan intended to undermine the work of the American Cancer Society, the American Lung Association and the American Heart Association, in conjunction with work being done by the Capital Research Center. &nbspI should also note that the CRC has launched similar baseless funding broadsides against “liberal” civil rights advocacy organizations like the Southern Poverty Law Center [3] and it became embroiled in its own controversy over its funding while launching attacks on health advocacy groups. [4] CRC receives the bulk of its funding from the Sarah Scaife Foundation, controlled by the right wing money bag, Richard Mellon Scaife
Vermont Secession: Thomas J. DiLorenzo - <em>SVR</em> Advisory Board Member

This guy is dangerous nut case.
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Another question for a Yank

How come USA States can't go into budget deficit?
Who made up that silly rule?
Obama (still not in spell check) is never going to create enough jobs on his own while 50+ States have to cut back services.
What happens to Unemployment Benefits?
This must be casing a lot of problems and hardship??
Can't Big Arnie ''buck the system"? He has the fifth largest economy in the world doesn't he?
What would happen if a State did budget for a deficit? Who would you shoot?


----------------
"Unemployment is capitalism's way of getting you to plant a garden."
~Orson Scott Card
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