The Rum and Popcorn 100

I got a lot of problems with these people!

7. “Handout” Hank Paulson

Okay, I agree that we needed the bailout. What I forgot was that this was being run by the Bush administration. Supposedly, this guy knew what he was doing, but it’s pretty apparent that if you’re hired by George W. and friends, you can’t possibly know what you’re doing at all. And he doesn’t. He’s not supposed to be handing out government money just to hand it out, he’s supposed to be creating liquidity in credit markets. That’s the fundamental idea. Right? Not if you’re “Hammerin’ the taxpayer” Hank, who has no idea where the money’s going and apparently, no real idea of how to successfully execute this massive government program. Just when you think this government can’t possibly fail at a worse possible time, they show you again.

 

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December 30, 2008 - Posted by | news, politics | , , , ,

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