Hank Paulson

The Total Hypocrisy Of John Boehner, The Would Be Speaker Of The House! :(

Ronald Leave a comment

House of Representatives Minority Leader John Boehner of Ohio is confidently planning to be the next GOP Speaker of the House, even though if anyone in his congressional district or in the country looks at his total hypocrisy, they would vote to remove him from Congress altogether! 🙁

This is a man who has promoted total obstruction and lack of concern for what this Great Recession has done to millions of Americans! 🙁

Boehner has also constantly lied and misled us in an evil way, trying to pin the blame for the Great Recession solely on the Democrats, as if the GOP did not control the White House and Congress for the first six years of this century! 🙁

He would have everyone believe that the so called “Bailout” that most Republicans voted for in September 2008 was solely a plot of the Democrats to harm the American people!

The fact is that IF that “Bailout” promoted by President George W. Bush, Secretary of the Treasury Hank Paulson, and other Republicans and many Democrats had NOT been done, we would be today in total GREAT DEPRESSION NUMBER TWO! 🙁

And, of course, Boehner would not want us to remember that he was weeping on the floor of the House of Representatives on September 29, 2008, begging his party members to do what was right for the nation’s economic survival! 🙁

So the Republican Party is lying through its teeth, and John Boehner is a total hypocrite, who deserves to be denied the Speakership of the House if his party somehow wins control, and rightfully, should be defeated for reelection by his district as not concerned about their interests!

Hank Paulson Interview In Vanity Fair Magazine

Ronald Leave a comment

Hank Paulson, the last Treasury Secretary under President Bush, was interviewed by Todd Purdom of Vanity Fair Magazine over a couple of years, a total of eight times, and the material gathered was finally published today.

In the eight interviews, Paulson made it clear of his high regard for Timothy Geithner, his successor as Treasury Secretary, and Ben Bernanke, head of the Federal Reserve Board, who both worked with him during the financial crisis that broke out a year ago.

He also spoke of his admiration of House Speaker Nancy Pelosi of California and Banking Committee Chair Barney Frank of Massachusetts, presenting a very different view of both legislators than is generally reported in the news media.

While certainly there has been criticism of Paulson and his two partners under Bush who now work for Obama, it is refreshing to see a Republican who worked with Bush understanding that the situation required massive intervention, something often rejected by conservatives and Republican operatives and misunderstood by many average Americans, who seem to think that doing nothing would have been a better answer. To believe that is totally ridiculous and a sign that many American are distressingly ignorant of the economic realities we face.

It will take time and patience to get out of this Great Recession, but we are on the road to recovery, and panic, hysteria, and anger is not going to solve this crisis.