henry paulson is a Joke – Lame Attempt at Answering Senator Jim Bunning’s Government Bailout Question During Senate Banking Committee Hearing

Republican Senator Jim Bunning from Kentucky just asked paulson during the Senate Banking Committee meeting, “Why is the government bailout going to include student loan and credit card debt?  How does that fix the housing problem?”

Good question.  paulson danced around, stumbled about 300 times, and finally sort of admitted he didn’t have an answer.  No joke – it was REALLY embarrassing to watch.  He sounded no smarter than bush and that’s scary seeing that paulson is heading up this $700 billion bailout that seemingly hasn’t been well thought out.

I’m never tuning into CNBC via the Slingbox during my lunch hour again. I will try to find a video tomorrow on youtube so y’all can see how bad things have gotten.

Update: http://www.forbes.com/business/2008/09/23/congress-paulson-congress-biz-beltway-cx_jz_0923pinata.html

As seen in the above link, Senator Bunning went on to say…

The Paulson plan will not fix [these] problems; the Paulson plan will not help struggling homeowners.” Bunning continued, saying the bailout out would do nothing but “prop up and clean up the balance sheets of Wall Street. It is a financial socialism and it’s un-American.”

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s