"Was JFK Developing an 'Industrial Policy?', and/or Was He perceived as Such by His Enemies?"

[Jan Klimkowski]

This article from "left'kennedy bashing Counterpunch (it also has some other great articles, otherwise it wouldn't be performing its function) begins in an interesting way.

Notice how the interview sets up for a good JFK bash that is worthy of any of Mad Sir Alexes snideswipes from his Gallaxy 500s. But then look how Hudson responds.

http://www.counterpunch.org/whitney07012008.html

This is actually a fascinating interview of Michael Hudson by the always astute Mike Whitney, which lays out clearly and damningly why we live in an era of Junk Economics.

The Junk Economists occupy key political, advisory, thinktank and academic positions. They advance the interests of what Hudson defines as Economy #2: the financial, property-based, non-productive part of society. And Econmy #2 is parasitic upon Economy #1: the part of society which produces and consumes.

When the parasite has chowed on the host so greedily that the host is bleeding, destitute and missing several limbs, it's time for what Naomi Klein defines as Shock Therapy. And with the Junk Economists advising politicians from Obama to Brown, the cattleprods are already sizzling.