Wednesday, June 25, 2008

Quote of the Day

Chris Powell, managing editor of the Connecticut-based Journal Inquirer and a one-time Republican state senate candidate:

For mistaking symptoms for causes, it would be hard to outdo U.S. Sen. Joseph I. Lieberman, I-Conn., and U.S. Sen. Susan Collins, R-Maine, with their proposal to prohibit pension funds and government agencies from investing in commodities...

In seeking to prohibit pension funds from investing in commodities...Lieberman and Collins would punish not just supposed speculators but also ordinary working people, whose pension fund investments in commodities may be the only practical way for them to protect themselves against dollar devaluation.

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