Stripping Paulson of His Remaining Power & Money [Update]
Now, with bipartisan congressional anger mounting, we may see a forceful legislative campaign to take back what remaining money Paulson wants to give away to his friends on Wall Street.
HuffPost's QuickRead
While Paulson Waffles, the White House Dawdles, and Congress Dithers, the Economy Continues to Burn.
So, $290 billion into his bailout plan, Hank Paulson is calling for a do-over. Now there is a confidence booster -- it shows just how uncertain Washington is about how to keep the economy from imploding.
Parting Gifts
Different judgments about the intentions of Bush senior in the transition period can be reached. In the sequel, however, it is becoming ever clearer that Bush junior is devoting his last days in power to a final orgy of cronyism.
Audit the Books!!!
The first thing Obama should do to get the economy back on track is publicize the financial record of the Bush Administration. Every business knows that "if you can't measure it, you can't manage it."
Hank to Homeowners: Drop Dead!
Addressing homeowner woes is apparently too complicated, so Hank Paulson wants to move on to massive infusions for big banks and help for student loans and consumer credit. This strategy is mystifying.
Crash Test
I know that 600,000 jobs hang in the balance over the auto industry bailout, but wait, I have a solution. Why don't we convert the factories to alternative energy sector plants?
Objects in Mirror Seem More Relevant Than They Appear.
What should Washington do when the Motor City begs for oil? The question, it seems, is not "to bail out or not to bail out." The question is how to bailout.
Masters of the Universe II: Just who is Obama?
The election on November 4, 2008 has brought us full circle from the events of September 11, 2001. People all over the world mourned the destruction...
Meet the $700 Billion Bailout Czar, Neel Kashkari
There is a new Czar in America -- the man who will be running the $700 billion budget bailout/rescue program -- assistant secretary of the Treasury for International Affairs, Neel Kashkari.
The New World Economy
The financial balance of power is shifting. China, Brazil, even Japan can all claim more sound economies than the United States. They expect a voice, and they are not asking permission.
Fearing Rejection, Bush Backs Off Bailout Request
Per my post earlier today, this is huge news if it holds: Nov. 17 (Bloomberg) -- The Bush administration told congressional aides it won't ask lawma...
Bailout Watch: Bush's Subtle Scheme to Stop Obama Reforms
It looks like the Bush administration is going to do everything it can to keep things just the way they are.
Class Warfare with a TARP
It stands for Troubled Asset Relief Program, but the first word should really be Troubling. The haste with which it was created... is the best evidence of its flawed nature.
Hammering Hank Paulson: "No Homework" Media Prefers to Bash
One of the more interesting aspects of the economic crisis is that it has forced the mainstream media to confront a financial world that, frankly, it ...
The Bungled Bailout (Or the Perils of Paulson)
Given the last decade's malignant transformation of U.S. finance, providing federal transfusions without needed corrective surgery is not medicine but unwise favoritism and cosseting.
Calling Paulson's Bluff
Paulson spent the past two weeks playing a game of chicken with firms like Lehman Brothers and AIG. Now he is playing even higher-stakes chicken with Congress and the economy.
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Paulson Remains Opposed To Using Bailout For Automakers
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This is about the only GOOD thing this bum has done!!
Since Paulson says he is not going to TAKE another Dime for Financial Bailouts we can RELAX on that! RIGHT?
He is OK in FUNDING Big Banks Mergers to form MEGA-BANKS that stifle competition? Right?
Playing with paper to make PROFITS beats MAKING THINGS to Build Wealth?
What has our Economy Become? A HOUSE OF PAPER CARDS!
Democrats can pass this bill but not necessarily override the veto!
We must show that the Bush Administration is willing to sacrifice the financial safety and security of 18,000,000 people (4 x 4.5 million) for a less than 4% share of the $700 Billion Bailout package!
This should be Largest and perhaps Final "Black-eye" for Bush and Company!
This was a classic bait and switch.nuff said
I worked for Ford for 29 1/2 years (no, not as a UAW worker, but a smaller union with less benefits) and lost my job this year, too young to retire and fairly old to find a job as well paying in today's marketplace. Why? Because in Ford's eyes it was more profitable to send my job overseas rather than to allow me to make a quality component in the U.S., even though our Ford plant posted millions of dollars of profits in every year the plant was open. Now, I lost my job alone with 1100 other Ford workers, workers whose families have been buying Ford products for