Saturday, September 20, 2008

Do You Support Henry Paulson?

Do you support what Treasury Secretary Henry Paulson has done so far? Why?
Posted by David at 11:57 PM

16 comments:

  1. Rob DawgSeptember 21, 2008 12:21 AM

    Of course i support Henry Paulson. I support him to the very last. You see because of his big head and the short rope he's left for us he needs a little support to get his neck in the noose.

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  2. JamesSeptember 21, 2008 12:54 AM

    I'll let this post speak for me.

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  3. AnonymousSeptember 21, 2008 5:34 AM

    Paulson is a traitor who belongs in a gulag somewhere far away.

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  4. AnonymousSeptember 21, 2008 6:35 AM

    This is extortion.

    "Give me all your money or I'll take down the economy."

    My response, "take your best shot, punk."

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  5. LanceSeptember 21, 2008 10:32 AM

    He did his job. I guess that means he deserves our support. I'm sure it's not easy doing something so "anti" to the free market economy his administration ascribes to. But he is entrusted by the people of America to safeguard the nation's money. To do "nothing", would have been an abdication of his responsibilities. Yeah, I support him ... especially in light of the early indications that what he did has at least begun correcting the problem. Wall Street (i.e., investors) liked what he did. That's definitely a good sign that the people who finance this economy support him. And if you think about, that's all the really counts. Whether you or I do, really doesn't.

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  6. AnonymousSeptember 21, 2008 10:56 AM

    Invetigate immediately. ANY wrongdoing to be prosecuted to the fullest extent of the law.

    The death penalty still exists here in California...

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  7. AnonymousSeptember 21, 2008 4:53 PM

    I dont support anything he did to get us into this mess, but I do support his recent actions.

    As much as I loathe the bailout, its the lesser of two evils. I want to buy a cheap home, but not at the cost of losing my stock portfolio and job in the process. God damn flippers!

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  8. AnonymousSeptember 21, 2008 6:36 PM

    This is the last roll of the dice. Think about it, what option is left if buying up all the toxic debt doesn't get the credit markets working normally again? We are at the abyss, and looking over. If you want your credit card to work, or your pension plan payments to continue, then there is no other option. It's not so much a matter of opposition or support, but of survival.
    What if it doesn't work? The next step is for the government to take over, and dictate prices with the mother of all command economies.
    Eh

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  9. AnonymousSeptember 21, 2008 7:26 PM

    How does this solve issue of falling home prices? People will not qualify for the high price loans. Banks will still need them to put down 20% downpayment. If they can not, home prices will come down. moe default, more bailout and so on untill home prices are with in reach of average people.

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  10. AnonymousSeptember 21, 2008 7:31 PM

    Who cares if the precious few firms on Wall Street collapse? If they are already insolvent and the sky hasn't fallen, why let them live? It is called business. How is joe six pack who just had is house foreclosed on and lost his job last week going to benefit from AIG being *saved*? Why should my kids pay the price of the mismanagement from a collection of overpaid bankers. We, the average citizens, have already paid the price which will be seen with a collapsing dollar, government debt that can no longer be financed except for loan shark rates and little to no hope of a healthy future. IT"S DONE! Why try to save a patient who is clinically dead. Why give any more money to the reckless money managers?
    Let wall street shut down along with the banks. These threats that life cannot go on without wall street are stupid. Wall street bankers need us, we don't need them nearly as much.
    Let's just get back to the days where you go down to the local banker to get a home loan instead of an ex-stripper making $300k a year on commission for filing a few false papers.

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  11. AnonymousSeptember 21, 2008 10:19 PM

    No, I don't support Henry Paulson. Bailouts in this case seemed necessary; however, we are prolonging the pain until the inevitable. If Obama is elected and regulates the hell out of the markets, we may be okay. But if McCain gets elected, regulation will probably not be as stringent - and we'll just stagflate until the big bubble gets destroyed.

    This is the best blog, btw.

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  12. AnonymousSeptember 21, 2008 11:34 PM

    Bailouts=inflation=$3.00 gallon of milk now =$9.00 gallon of milk. Get it people? The FED will print more taxpayer money with our gov'ts permission to bailout and pay Wallstreet with this bill. This results in more dollars in circulation, which means the purchasing power of the dollar goes down, which means food, fuel, everything gets way to0 expensive for Joe sixpack and Jane Zinfindel.

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  13. AnonymousSeptember 22, 2008 1:01 AM

    Maybe they should use the RICO statutes to go after Wall Street.

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  14. miguelSeptember 22, 2008 1:22 AM

    Since even people like Paul Krugman are saying that a bailout is needed, then I have to assume that it is true. But if the taxpayers are going to have to step in to fix this mess the bankers cannot get any rewards, shareholders must be wipedout, regulation must be imposed, including executive compensation, financial lobbyists must be banned.

    Before this turns into a depression there should be a $100 billion New Deal type stimulus preferably centered around creating a new green energy industry.

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  15. AnonymousSeptember 22, 2008 2:30 AM

    This is all occurring with the same haste and fear-mongering that gave us such public policy gems as the "Patriot" act and the "authorization" to rape Iraq.

    Whether Paulson is doing the right or not, whether he's a decent human being and problem solver or not, I really couldn't say. But it is dismaying to see so many people so eager to entrust so much power to one or a few guys who mutter darkly about "crisis", but offer no explanation of what exactly they're trying to prevent. Jesus, have we learned NOTHING from these last eight years?
    -- sglover

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  16. AnonymousSeptember 22, 2008 12:50 PM

    i support a modern day Aaron Burr. it's just too bad the biggest deficit this country suffers from is leadership.

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