Should the USA Bailout EVERYONE?

@Goldfinger 186283 wrote:

The problem is that Paulson seems to be a complete and utter idiot with no grip on the situation. Obama should replace him straight away and also replace all the loyalists Paulson may have established somewhere further down the chain of command. Thanks to Paulson the markets fell by another 5% and he injected a great deal of insecurity by retroactively changing the terms of the bailout package. We know what to think of retroactive term changes eh?

OMG why in the heck does he have to read every word that he is saying? Is it because he is lying again? Yep, he sent the markets into a serious nose dive for sure! How can folks just take this? We got dupped by Paulson/Bush.

NOW he sais they are not going to use the money to deal with the bad housing assets just sitting on the books and give it all to the banks.

What can we the people do?

As I wrote the last post the realisation that Paulson’s time will actually come to an end pretty soon is a relief. However an epic imbecil like him sure can do plenty more damage in the remaining time he holds office. Not sure that there is anything that can be done by the people with regards to Paulson. Dubya is just a nightmare and each extra minute he and his team remain in charge feels like an eternity now.

edit:

found this gem which illustrates the inner workings of “Mr Investment Banker turned Treasury Secretary’s” brain.

treasury secretary sigmund freud

“I believe and I know that this administration believes the auto industry is a very important, critical industry in this — in this country. We’re very supportive of management — excuse me. We’re very supportive of — of manufacturing.”

— Hank Paulson, giving some candid thoughts at a news conference this morning on the economy.

Freudian slip of the century!