Posted by
Look2theWest on Tuesday, November 04, 2008 12:48:16 PM
According to Dana Perino, White House Press Secretary, no matter what rescue plan Congress gives him to sign, Bush “would look to his Secretary of the Treasury and …the Fed Chairman,” and ask them if this plan will save our economy.
Wow, so even if 20% of the plan’s profits would go to ACORN, the massive corrupt leftist got-out-the-vote-for-Obama group, the President is going to sign it because Hank Paulson gives the thumbs up?? So who is this unelected man that the President has granted authority over $700 billion of our money?
I count myself among the better informed. However, I did not know Hank Paulson was a Democrat, attended Harvard and lives near Chicago. Isn’t Obama a Harvard grad who lives in Chicago? I have nothing against common folk from Chicago but looking into Obama’s background gives me pause.
Let’s take a quick review of the more famous Chicago power players:
In addition, it turns out that ACORN had a remarkable role, with help from Congressional Democrats like Chris Dodd and Barney Frank, in creating the toxic paper that our financial markets are now choking on.
Section 8 of Paulson’s plan states: “Decisions by the Secretary pursuant to the …this Act are non-reviewable and committed to agency discretion, and may not be reviewed by any court of law or any administrative agency.” No review by a court of law or administrative agency? So I can’t even “trust but verify”?
So, how are you feeling about trusting Hank Paulson with the largest rescue plan in U.S. history?
We haven’t even talked about Paulson’s conflicts of interest given that Paulson was Chairman and CEO, after 32 years, at Goldman Sachs - which happens to be the last independent investment bank standing. It’s been reported that despite “…bailouts and managed liquidations of Goldman competitors Bear Stearns, Merrill Lynch and Lehman…in which shareholder value was largely wiped out, Goldman’s stock could rise under the Paulson plan…”.
Lastly, thank God, are the recent reports that many of Paulson’s former executives at Goldman are “bundlers” for Obama’s campaign - going so far as to email, to Obama’s campaign manager, details of the “private” discussions between the Secretary and House Republicans.
THAT’S IT!
Paulson must resign, along with the leading Democrats still pushing the toxic paper that’s crippling the world’s financial markets.
Before any rescue plan…Fire Dodd, Frank & Paulson!
I can’t wait for McCain-Palin.