Jordan bespeaks about Mark Halliday's essay in recent Pleiades. My copy is at home, & I am at work, & I read it a couple weeks ago... but I'd say I was more convinced by Halliday's arguments than Jordan is.
Paraphraseable meaning doesn't have to be "earnest". In my view it adds depth to the ruffled surfaces. & it's part of communication. Unless the hegemonic post-argument of Cindy Fickle still stands (ie. poetry doesn't "mean", doesn't "communicate", doesn't "say", doesn't "point", doesn't "fill in the blank").