Thank God Hank Paulson is Running the Show and Not Barack Hussein Obama - The Economy Article - ben bernanke, hank paulson, chris cox

Make Money Submitting Links:

	Email to friend
	Print

Other writing by JRodgers

Tags

Investing, Stocks, Value, Economy, Income, Buffett, Passive, Dividends, Retirements, Recession, Apple, Stock, Dividend, Retirement, Real estate, Google, Market, Housing, Banks, Inflation, Stock market, China, Oil, Interest rates, Iphone.

Thank God Hank Paulson is Running the Show and Not Barack Hussein Obama

Article Submitted by: JRodgers
The Economy

Tags: Ben bernanke, Hank paulson, Chris cox.

Hank Paulson directed a homerun this week. Times like this show the importance of having someone at the plate who is experienced and skilled in charge of the economy.

Submitted: Sep 19, 2008 Views: 120 Comments: 4 Likes: 2

Hank Paulson has hit a homerun this week.

Having the Federal government intervene in the AIG situation was a poor solution, but the best one available.

Directing Chris Cox to prohibit the short-selling of financials was the right move.

Backing up the money market funds is the right move.

Expanding the Treasury and GSE purchase program to make mortgages available is also the right move.

Creating a program like the Resolution Trust Corp. is also the right move.

I don't know whether Paulson's direction will save us and I believe that this hurts our government's balance sheet (and our children's future), but he has engineered the only series of moves that might save our financial system from a dire situation.

Whoever is elected can sack Bernanke and Chris Cox, but he has to demand that Paulson stay. It is in the national interest.

Related Articles:

Bernanke's Speech from Jackson Hole by LikeItIs - Aug 31, 2007
Bernanke is Missing at Least One Testicle by JRodgers - Sep 18, 2007
Mozillo and Dodd Got Bernanke to do the Wrong thing - Now How do I save myself wealth by koej - Sep 28, 2007
Ron Paul Rips Bernanke with Another Tirade by Sam Cass - Nov 13, 2007
Freddie Overstated Capital Cushion by JRodgers - Sep 07, 2008
Troubled Asset Relief Program Not Being Used to Purchase Troubled Assets At All by JRodgers - Nov 13, 2008
Obama taps Tim Geithner As Treasury Secretary by JRodgers - Nov 21, 2008.

2

Email this story Email to someone | Print Content | Add to reading list

Comments Received:

Sam Cass

What does this have to do with Obama?

Posted: Sep 19, 2008

AronLiv

I think that Rodgers' point is that Obama and the Dems didn't really understand what was going on all week and their only reaction was to blame the Reps. and therefore they are not qualified to lead and he is correct on that.

Posted: Sep 19, 2008

Ridiculous
(Unregistered)

"I think that Rodgers' point is that Obama and the Dems didn't really understand what was going on all week and their only reaction was to blame the Reps. and therefore they are not qualified to lead and he is correct on that."

Yeah, that's why the Republicans totally ignore any kind of regulation and government interference until there is a major problem. Their philosophy is to let the rich make money when times are good, and bail them out when times are bad. Yeah, they really know what's going on.

Posted: Sep 19, 2008

StupidOne
(Unregistered)

If I am not mistaken, wasn't it McCain and Palin blasting Wall Street and calling for the ouster of Chris Cox? Obama was actually talking about preventing something like this from happening again. McCain and Palin were simply playing partisan politics and being negative.

Posted: Sep 20, 2008

© Copyright 2008 JRodgers All rights reserved. JRodgers has granted BestCashCow.com, LLC non-exclusive rights to display this work on Bestcashcow.com.

Financial products of all nature bear inherent risks and this website is not a financial advisory service; it is a forum for users to share and to compare notes and observations on financial publications. The website provides, free of charge, the technical and logistical apparatus and the medium for users to share and to publish financial information and to comment on publications. As such, the website’s operator can not and does not take responsibility for information, observations or opinions of any sort or nature provided by third parties with whom it is not affiliated who use the website to publish, to comment or as a means of solicitation. Users are specifically warned against following any advice related to specific instruments, including, but not limited to, equity securities, that may be provided by other users directly on this site or on web pages to which other users have provided links on this site. BestCashCow.com can not and does not check or verify the qualifications and credentials of users who publish or comment on this site or on linked pages. Users should seek personalized advice from qualified professionals regarding all personal financial issues and evaluate the risks and applicability to their own circumstances of each financial product discussed regardless of who the publisher is or purports to be. Should you, through your use of this site, identify an individual or organization purporting to offer personalized advice, you bear all responsibility to ensure that the individual or organization has the qualifications that they may represent on the website, and that their advice is appropriate for your circumstances. On certain webpages, BestCashCow.com provides information related to rates on US-based savings accounts, CDs, short-term government bonds, and other US cash equivalent securities, also free of charge to internet users for their independent use. The accuracy of this information is not guaranteed, and the information, like all other information on this website, should not be construed to provide investment advice, nor to endorse a financial product of any sort.

© 2007 BestCashCow.com, LLC. All Rights Reserved. Terms under which this service is provided to you. Privacy Policy.