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

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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: 264 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.

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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

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